BLOCKCHAIN IN AFRICA

Abstract

African economies have been held back from their full potential, but the blockchain technology could help change that. Blockchain technology has been gaining a lot of attention from businesses, investors, and governments worldwide. It is having an influence on African lives, well-being, and resilience. It has come to be perceived as a groundbreaking method that can bypass the several systemic flaws affecting the continent. The increase in blockchain adoption demonstrates the rising confidence in the potential of blockchain technology to drive financial independence, infrastructure development, personal identification, and record-keeping in Africa. This paper examines the use or adoption of blockchain technology in Africa and its potential benefits for the region.