Post
Topic
Board Beginners & Help
Merits 3 from 3 users
Re: Blockchain technology in Africa
by
katelynsk
on 21/08/2018, 19:55:17 UTC
⭐ Merited by DdmrDdmr (1) ,Crypto Girl (1) ,Velkro (1)
Blockchain is already being introduced in Africa. And the Blockchain Africa Conference in 2019 will only pique interest and drive people to go deep into the technology.

As well as anywhere else, in Africa blockchain has many use cases and benefits. Secure and middlemen-free payments, cheaper transactions and services, fraudless and transparent elections, less human errors and inefficiencies.

We already have some excellent examples of blockchain usage in Africa:

  • In Kenya, the government set up a blockchain to investigate and apply use cases for government services (education certificate verification, traffic management and financial transactions).
  • In Uganda, banks will adopt blockchain technology where necessary to lower operational costs and risks
  • In Sierra Leone, Swiss company Agora applied blockchain to ensure a fair count of electoral votes.
  • In Ghana, a blockchain has been used to settle land disputes and store land registrations since 2016.

Moreover, there are enough circumstances that contribute to the growing popularity of the blockchain in Africa today. A significant part of African population is unbanked. Many African countries have weak and unreliable currencies. The level of corruption and inflation in some African countries is also very high.

So, I believe that blockchain technology can do much good in Africa and should be developed.