The Blockchain Africa Brief

Blockchain has huge potential in general and even more in Africa. The potential of the blockchain in developing countries stems from the quasi-ubiquity of connected devices, and because of its traceability and accountability, it has now produced a lively debate across Africa in that it has come to be perceived as a groundbreaking method able to bypass the several systemic flaws affecting the continent. Dr. Tedd George, who headed Ecobank’s Group Research, defined the blockchain as a technology that is tailored to the structural composition of African economies:  1) it is ubiquitous, organized, and traceable; 2) bypasses centralized scrutiny; 3) transfers trust from often-corruptible human beings to the transparent mathematics of the encrypted code.

 

Educational projects become fundamental to boost adoption when a topic and its applications are not easily understandable. This blog seeks to provide information about the blockchain and its various applications to individuals to emphasize the benefits and opportunities that exist. The blog will also highlight blockchain-inspired innovation across Africa, discuss ideas, and examine blockchain and cryptocurrency regulation in Africa. 

 

Today, much of Africa has an opportunity to leapfrog the developmental mistakes of the West by reimagining entire systems of production, financial services, and governance fueled by the blockchain, thus positioning itself as the ultimate unicorn case study.