Kuwait Introduces World-First Universal Basic Income for Every Citizen Using Artificial Intelligence and Blockchain Technology
In a landmark move set to redefine global economic policy, Kuwait has announced a pioneering initiative to provide every citizen with a guaranteed monthly income by 2030, managed entirely through a decentralized AI-powered blockchain system. The "Kuwait Prosperity Fund," as it’s called, will distribute a base payment adjusted for inflation and individual needs, funded by the nation’s sovereign wealth reserves and a new data-sharing economy. Experts predict this will eliminate poverty, slash government bureaucracy, and spark a global debate on the future of work, while also serving as a potential model for oil-dependent nations transitioning to a post-carbon economy. The system, set to launch with a pilot program in 2026, faces scrutiny over privacy and the ethical implications of AI-driven wealth distribution.