Bitcoin Forum

"@binance will partner with @cryptosavannah @AggieKonde @HelenHaiyu to support Uganda's economic transformation and youth employment through blockchain, embracing the 4th industrial revolution. We will do this by creating thousands of jobs and bringing investments to Uganda."

https://twitter.com/cz_binance/status/988165202150600708?s=21

Binance kno de wae ;D.

Jokes aside, it's always nice to see real world application of blockchain and I can't wait until more companies start adapting it.

Thoughts?

Big move from Binance. I'll be trying to watch the situation and how it will affect Uganda.
If they can really do it good, it can be perfect example for others.

Why da hell they chose Uganda? This os one of thofe banana republics. Their main export is coffee which takes about 19% of their total export!!! If you dig deeper I bet you will find many reasons why is that happening and why Uganda is deserved to be called a shithols. They definetely have many economical, social and other problems that not allow the country to get a decent amount of investments. There is no way it could changed by blockchain lol.
What's next? Someone decide  to suppurt spaceship construction in Uganda?

That's really great news, but are there some more in-depth articles about this?
What sort of jobs will they be offering to the people of Uganda qand why did they choose Uganda in the first place?

The articles that I was able to find, do not have any more information than that tweet.

https://www.financemagnates.com/cryptocurrency/news/binance-signs-partnership-ugandan-blockchain-organisation/

I just thought Blockchain is normal Technology which can help us to operate digital coin. But maybe I'm wrong. It's really really a Internet revolution. Blockchain is so versatile or because they just like to stick it in everything? I have ever seen application of blockchain in education, entertainment, healthy (,....). Now, It can solve the employment problem of third world countries. It's awesome. I don't know what Blockchain can do. I can't wait to see Blockchain in the future. Everybody will be a true miner.  8)

What makes you think that? Uganda is a poor country with few resources, but digital technology allows for the development of any country. It is enough to have a non-corrupt government that is ready for reforms and investment promotion. America and the EU have very well-regulated legislation. It is always easier to build a new value system than to change the old one.

As I already mentioned right now they  produce coffee which is 19% of their export. Every other thing they can offer to the world have exactly the same complexity of manufacture. This is not even about the corrupted government. It is mostly about the current social capital of Uganda and their social institutions. There is almost no way to make the workers of the coffee plantation produce high technology products. Such countries should start from the other things.
I'm not really a specialist on Ugandian economy but in pretty often after different changes of the government they invite different skilled advisors. It is usually one of the best professors from US and EU universities that are  making a special economical program for those countries. But every time everything goes wrong. This is a failed state. Not the worst one in africa but there if no way for them to become a hi-tech country.