Why Africa Is the Next Frontier for Blockchain Technology and Cryptocurrency Adoption

According to Deloitte’s 2018 Global Blockchain Survey, companies are starting to move from proof-of-concept projects to real-world applications, bringing a transition of enterprise focus and interest towards supporting the most impactful use cases for blockchain.  The same report reveals that 40% of respondents reported that their organization will invest $5 million or more in blockchain technology in 2019.

There is a case to be made for why companies should be looking to exploit the massive potential Africa has as a market for blockchain innovation adoption.  In another 2018 report from Citibank, it was found that South Africa took the sixth place globally for the highest amount of bitcoin holders per capita, Kenya came in the fifth and Nigeria came in third. However, until recently, adoption of cryptocurrencies and blockchain technology across Africa has been sporadic. Nonetheless, some of the transformative use cases in the space will likely have their greatest impact on the African continent.

For more details about it, please check out this article:
https://www.linkedin.com/pulse/why-africa-next-frontier-blockchain-technology-adoption-heath-muchena/