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The  nature of Africa was decentralization! Africa was unite and great until  colonial masters began to centralize  everything. Now  all the resources is control by the  western world.  Now that the world is changing and  blockchain is bring back  decentralization to the world would Africa get  their  power back?

With the high levels of corruption in most African countries, I believe that the blockchain technology would be the very thing that this continent needs. It will undoubtedly make everything transparent so that every person would be able to see exactly what's going on and thus prevent high levels of corruption and fraud by most of our so called leaders and politicians.

In addition to the high corruption in African countries, social inequality is very high, which would make the learning and access of the most deprived population to blockchain technology virtually impossible. The principle of everything for Africa would be the creation and maintenance of effective and progressive social programs for all the population in need.

Maybe blockchain technology could help. I'm not sure that it can solve the corruption but it might help in other area and support the industry. But for implementation of  blockchain some technical and technological preconditions are needed, also the digital infrastructure and digital skills of officials and people in general. Blockchain isn't some kind of magic tool that can be implemented over night to solve all issues.

Blockchain Stands in for Security, transparency and accountability. When  ever a country get  better security ,  and their  system is transparent  with  full of accountability that  country makes a change.  look at  county  like Dubai, Singapore practice that just to stop corruption and  its has  help them allot.  Blockchain can makes it  easy for Africa.   

To be honest lately a lot of statistics and from what we have seen, Africans are showing more interest from others in the whole blockchain and cryptocurrency technology, a lot of projects ans new ideas that are using this technology are being created by Africans, even governments are showing interest in it and using it in their systems, and this is a very interesting thing to notice, as more and more African countries are showing great growth and development and i am sure that they are going to prove themselves to the world.

It could help Africa if they realize and open their eyes and mind about technology. They have a resource from their country, and if they can manage with the help of blockchain, then I think that will have a good impact on their economy. But we don't know how far it could give benefits to them as they need to use the blockchain and approve the blockchain to be used in their country. If they succeed in using the blockchain, I think they can be role models for the other country to following Africa.

The present of the blockchain in Africa will help that country to reduce corruption as long as the government is willing to fight corruption. But if it's not, then it might difficult to see blockchain will grow in that country.

I don't think so. Blockchain is only revolutionary to those people who want to be free from the massive financial centralization of the world bank and I don't think just because it opposes the bankers it will help africa. Blockchain is not a magical thing you know, it is basically just a system that could improve efficiency of certain field if applicated properly.

If the fundamentals of a country is bad, blockchain product like cryptos will make it even worse making the citizen's money goes out the country and from that I could assume there would be a massive monetary crisis.

If there's a way to change africa, maybe blockchain could only help to transfer money internationally without limit.

Africans may already know what blockchain can offer to them since bitcoin is top searched in their country. What they need now is to provide better electricity supply and Internet provider in their country so having blockchain as well doing crypto transactions will not be a problem. Blockchain can change a lot in their system advancement and in their economy too.

Africa has untapped potential and relying on bitcoin can help them unleash that potential. However, there are a number of limitations present at the time that makes it difficult for Africa to even try to develop as their own while relying on bitcoin. It would take serious effort to make it really work. Africa has the ability to leverage blockchain across every industry, giving them the chance to release themselves from the west and fixing the mistakes made by the development of the west. With how Africa as being one of the countries known to be underdeveloped, Blockchain can really help them stand up and stand together to those developed and well endowed countries.

No, blockchain can't change Africa until the locals starts adopting blockchain as part of their system. No matter how good a technology is, it cannot be of good use if majority would ignore its capabilities.

I'm actually happy to see some projects pivot to Africa last year. But at the moment, I am not seeing any major improvement. Could it be that Africans rejected/ignored them?

I quite agreed with you on how corruption had been entrenched in most African countries, its a  barrier or obstacle militating the growth of that continent many elections are rigged in favour of the incumbent leaders siphon government money into their private account but with blockchain technology if fully adopted and deployed  its transparency will enhance a credible election, corrupt-free society invariably enhance rapid development of the infrastructures in the continent, but the questions now are the leaders ready to adopt this technology?

Yes, I believe the blockchain technology will help unite Africa once again.
Blockchain will boost African businesses, it will help reduce rigging elections and corruption.

Yes, if taxation and mineral exploitation in Africa were put on a blockchain, ordinary people would definitely benefit from that. But the thing is that those who are in power in most African countries(they are not colonizers, btw) doing all they can to prevent transparency because they want to continue to rob their own people.

And don't be naive, Africa was never united and peaceful. In regards to war all Homo Sapiens are the same, and Africans are no better than other humans who fight each other all the time.

In as much as there are several things that can be attached to the influence of colonial masters in the negative, it does not mean they are the ones fully responsible for the woes that is ravaging the continent. Today the continent have a lot of leaders who have schooled in developed economy and can see the leadership styles of those people there but rather than imbibing in the knowledge and transferred it their own country, they prefer to steal their country dry and still purchase assets in those developed countries. Whose fault is that.

On the impact of blockchain, its a technology which I believe can be harnessed to its full potential by any country that is willing to do so but unfortunately while the advanced countries would be doing same as to having discussions that are valid and relevant to current situations, African countries are still struggling with electricity or internet among other basic necessity of life.

It does help, I know from a friend who is living in an African country where people have started to use bitcoin for payments around the globe and that way their talents are utilized a lot better.

Of course, this helps only a bit if you have a talent you can use online, it is not helping everyone but there is more money coming into their economy thanks to bitcoin payments and that allows them to grow stronger in economy everyday. Of course bitcoin has been around only for 10 years and have been close to mainstream for only 2 years which means they are not really ready for everything just yet but eventually with time goes on there would be more money coming from elite countries to African cheap labor online which would help them grow their economy even more.

in fact, Africa is poor because its resources are not so much.  Besides, they are in a place where natural and economic conditions do not support and they also find it difficult to trade goods with other countries.  No matter how good blockchain technology is, I'm afraid it can't help Africa get rich.

Blockchain is just a database protocol, how can a database help a continent? You can't lift whole societies with some simple trick, only deep systematic changes can do the job, and those are very hard, which is why some countries stagnate for decades. And going back to blockchain, it isn't even a deep fundamental technology that can change everything, in fact it's incredibly hard to find applications for it, and all those use cases that you read about in news articles actually only exist on paper.

Blockchain is not a magic wand, it's just a special type of database! Bringing change to a continent extremely rich with natural resources is much beyond the scope of blockchain.

Also Africa has fallen for misery due to the dictatorship and domestic war within neighboring countries! Which indeed helped westerners to capture the natural resources. Blockchain can't help here! Rather it is wrong to think that blockchain can be a solution to every problem!

Africa will get their power back if they indeed join the blockchain race because the genuine purpose behind blockchain and cryptocurrency creation was to give people total liberation from the economic meltdown which was unable to fix by the government and also to create a form of equity.

It always seemed to me that Africa has a huge potential for the production of solar energy, because no country can give as much empty territory for this production as there is in Africa.  And of course, cryptocurrency mining due to cheap electricity in this case will be more than profitable.  In addition, the use of cryptocurrency to pay for the entire process of production of alternative energy sources may well change the whole life of the inhabitants of Africa.

The decentralization of money does not necessarily mean that the entire world will be decentralized. There are still many obstacles in general and for African citizens in particular.
Bitcoin is not the solution to all the problems, the African continent suffers from ignorance, poverty, corruption, bribery and other things that will undermine the meaning of decentralization once implemented.
Cryptocurrencies can be a good start if their capabilities are well exploited.

There are some country seems to have a huge potetntial for the production and economic growth adn one of that is the Africa. Africa has a huge potential in production of solar energy because of having a huge teritory and power plant for producing. With that, we all know that cryptocurrency mining need a big and more electricity to work on and in this case, Africa is ready for that. I think with this,Africa has a good future in terms of mining industry and producing solar energy to the other country.

Thank you, you made my day. I had a good laugh.

Back on topic, it could help countries where the government is unreliable. These governments didn't built much infrastructure and that is one reason for example, that mobile banking took off in Africa - they don't have a much existing telephone lines to begin with.

As long as internet become readily available and cheap, they can benefit from various blockchain projects.

blockchain can definitely bring change to Africa. They only need to invest in blockchain now, and in a few decades, Africa will be the richest continent on the planet. Because they will own most of the Bitcoin. Well, maybe not most of the BTC, but they can make their own cryptocurrency and the price will rise a lot, and their citizens will become rich.

You say that blockchain should be implemented today in Africa, but a lot of people there don’t even have a smartphone... I imagine a situation when a large family that doesn’t even have enough money for normal nutrition will use modern "AfricaChain" system in the market.
It sounds pretty funny, but first world community needs to bring physical benefits to people. Various corporations have been exploited them for centuries and today in many countries there is no developed infrastructure.

I don't think, cryptocurrencies will always be controlled by someone who can buy cryptocurrencies with fiat money,  who have a lot of  fiat money control everything even cryptocurrency

I'm not really sure how entirely, but it will help. This country has a lot of issues, other countries do too but this county specifically is different. But let's not get ahead of ourselves. Let's also talk about the negative things that might happen. I've read some articles that Blockchain is being used for Money Laundering and other illegal activities by politicians and such. And that might affect how this country would implement this system to their government.

It will contribute of course. But it will not bring back everything in the past as if the blockchain technology will halt everything that is being implemented right now by what you call as the western world, much less erase a significant portion of history that is influenced by the so called colonial masters. At the end of the day, the blockchain technology itself is most probably a product of the western world, Satoshi being a westerner most probably. 

I agree with you, with blockchain technology that is very transparent and easy to help the economy of Africa which is currently in decline and can help change all systems in the government to be very transparent
and also with the possibility that there will be many investors who are interested in entering the country if the conditions there are already very good due to applying blockchain technology with massive so as to make a clean government and make investors comfortable to invest there.

As much as it would be a good idea in theory, in practice it wouldn't work due to the high social and income inequality. Because of this, education is barely available and where it is, only a low standard is given. This accompanied with the complex nature of cryptocurrency, in terms of actually understanding the technology behind it, proves to be a recipe for failure. Additionally, the access to technology across the continent is extremely limited, serving as another limiting factor in combination with the likely banning of crypto in an economy overwhelmed by horrendous corruption.

Solar energy is definitely perfect for the African terrain due to the large amount of sunshine they get on a daily basis but sadly a large number of Africans are living in poverty and they don't have the funds to fully go solar since it's expensive, I bet mining cryptos on solar energy will be very great for the African People.

Unfortunately, this is no laughing matter.
Africans should really start learning their own history first and then start posting crap like this.

https://en.wikipedia.org/wiki/Dahomey


Really getting tired of this, the poor Africans were exploited, colonies, slaves, and two centuries from now on we will have the same excuse for them doing nothing right. Australia was also a colony, what is different? Canada was also one!

But of course, I'm European, I'm white so I'm biased.
Then hear it from an Asian guy:
https://www.youtube.com/watch?v=1a-QpyF7rNc
The end at 1:13:00 is EPIC.


But, but...thanks to the blockchain and bitcoin you can earn now money for shitposts on a forum.
What more do you need? /s

Anyhow, thank you guys, there is still hope for reasoning here in this avalanche of stupidity and ignorance.

In my honest opinion, it is possible for Africa and any country to take benefits out of blockchain and crypto currencies in whatever way they desire to. No doubt, the location is a bit of hurdle for Africa in its prosperity but that is what digital world does not care about. All someone need to make money from such innovations is internet and their sense of usage. However, a large scale change requires governmental level support.

It is not a technology that will bring effective change to Africa. Technology can be a facilitator in some ways, but change needs to start with managers and or politicians. There is no point in having ineffective social policies that just pretend to work. We need acts that really bring results to the needy population, efficient and continuous projects.

OP wait wait, Africa was great until.... When was it great? I don't remember such fact in history. You mentioned that world is changing and blockchain brings decentralization back, yeah, world is developing higher and higher but have no idea how blockchain technologies will be able to bring decentralization in real life. Also what powers does Africa has to gain back? Please can you clarify this? Were there big inventors from Africa? Was this country mirror of democracy? Or what power do you mean because this country was poor every time, now other nations are making it much more poor, yeah, I agree with you in that because we get cheap but hard work from them and use it for our own economy. Also there is very low level of education in that country so no...

No, a public, decentralized ledger couldn't and wouldn't bring change in a poverty-stricken land such as Africa. The change would come from within, and not from external factors IMO. Sure enough, we can send help and do our best efforts for humanitarian causes, and educate the people in there but that's about it. If they aren't going to be treated well-enough by those they elected, they will remain the same for decades to come. It's not a matter of bringing new tech to a poor continent that will potentially bring the change they need but rather the change that needs to come from their own governments.


Before Carthage fell to the hands of the Romans, Africa--most particularly the land near the Mediterranean--was booming with the rule and leadership of the general Hannibal. That's some bit of history that Africa was once great, but perhaps quite insignificant because that was almost a millennium ago.

Nothing can be changed in Africa if they dont start work

I don't think Africa's historical problems ever came down to a problem of centralization vs. decentralization.  Ever.  Just look at the famine caused in Mogadishu back in 1993.  That was due to Somalia's own warlord leaders who stole all the food that was being shipped in as aid, and that's just one example.  With respect to bitcoin or blockchain, I can't see how either one is going to help a whole continent where there is still gov't repression of its people.  I cannot think of a single example of how the blockchain revolution could do this, and owning bitcoin requires money in the first place.  I suppose it would be easier to hide money from the gov't, but that isn't really going to help things overall.

That is my point.  A blockchain is just that, a ledger.  No matter how great you can make a ledger it isn't going to cause a revolution in any country, much less Africa.  And don't you think we would already be seeing signs of this happening if it was going to at all?  I mean its been 10 years since bitcoin was created.

If there are any Africans who would be willing to provide solid examples of how their lives had changed because of a blockchain or even bitcoin, I'd really like to read them.  I don't think that has happened and don't think it will.

What some African countries need is not blockchain technology though it can to some extent regulate the level of corruption. What they need is a TRANSFORMATION of their mindset and when to know that this is right and that is wrong. Until then, they would still make any solution worthless to the development of their country.

But isn't the main problem of most African countries is that the help they are getting from the West is used by corrupted governments for buying weapons, private jets, luxury vehicles ... anything but food and water for the people in need?  Aren't people in countries rich with cobalt, uranium, diamonds and gold starving because the money from selling those resources go to the wrong hands? Can't blockchain-powered supply chain change this situation for better?

African countries need to tackle the basic issues first. For example, in my opinion the most serious issue facing most of these countries is the uncontrolled growth of population. This results in increased competition for the scarce resources (as we have seen in countries such as Nigeria, where thousands have been killed in clashes between farmers and cattle herders). Only if the population growth is controlled, then other issues such as illiteracy, corruption, and crime can be taken care of.

It's a problem, but it's not the main problem, because no amount of aid can solve poverty, poverty is just a lack of strong economy.


That is indeed a big problem, but it can not be solved by blockchain. First, you are essentially asking people who control the resources to share their profits with population - you don't need blockchain to implement it, people were successfully doing it for thousands of years, the only missing part is willingness to do so. Next, blockchain is not a silver bullet for supply chain, it's just as malleable as any other scheme, because it inherently relies on trusted parties to maintain the ledger. The problem of corrupt countries is not that citizens can't detect corruption, but that no one is willing to punish it.

What they need is to revolt. Remove all the ones that occupy there, it could be bloody but that will earn them respect that they should have done long time ago. A strong willed military man that wants change kinda like a Lee Kuan Yew or the Duterte who will carry out force and accountability to what he does. And not depend to any country on how he will run it. And not act like they all have the stockholm syndrome.

Honestly, I think that it is in Africa is where Blockchain technology is needed the most as it will really help in gaining the countries power back fully and even most especially their citizens that has been slave to so many of their government in the area of politics, economy, finances and many other area.

The area where I even feel that blockchain technology will be more useful in the aspect of politics, with blockchain technology, there will be lots of transparency in the system of government and also there will be a free and fair election. All these middle men that is making the operations in Africa to be cost and less effective will be eliminated, but I doubt if these people who are usually at the helms of government will allow this to see the light of the day.

It actually can be the ice breaker. You see what Africa is currently experiencing was faced by Indian Subcontinent around 30 years ago. India was the richest country with wide variety of natural resources and European powers not only took that away but also split the subcontinent into a ever raging war. But a gift which they passed away was English. India developed and got educated and then came the technology revolution in which countries tried to find a cheaper alternative to outsource some tedious and unproductive tasks they have to do. India encashed the opportunity and here they are today emerging as the biggest BPO, KPO Industry in the world. Now similarly world is changing its gears again and blockchain could be the next big thing. So if African countries channelize their resources into education and health then Blockchain can bring some change into Africa. Otherwise don't expect the change like world will be run using bitcoin and every African will get to share it. You have to pave your way out get a recognition on the world map.

In my own personal opinion, blockchain and bitcoin could help change africa because there are a lot of people who have change their lives from investing and trading in bitcoin, so that they can provide their necessities. But people in africa needs the enough technology for them to trade and invest in cryptocurrency like computers and smartphones as well as an internet connection.

More projects were integrated with the blockchain technology to support African people. I saw one such project for drinking water in our forum. This way blockchain is being used for good, by the same time more scammers from Africa try to make an earning out these people. This gives a negativity as well, so people need to be taught to stay away from scams and use the right thing. This will surely help Africa flourish.

I couldn't agree more. Africa needs the blockchain technology more than others. Although other governments in other continents are also dirty in many of their transactions, the African people are suffering more than others. Many are dying out of the selfishness of a few. And to think that the continent is not lacking of natural resources. Natural resources like minerals are very abundant in the region. It is just that aside from the foreign players taking the major slice, the local governments are also conniving with them.

Blockchain technology will make all these transactions transparent and immediately available to the eyes of the public. It then boosts their responsibility to make their leaders accountable for anything. Especially finances, blockchain is of extreme significance to this.

Blockchain might help solve some crisis regarding corruption and will provide more transparent and faster transaction to other countries to further boost their economy. It is also true that the decentralized nature of this technology would help them somehow control their country and minimize the regulations imposed by the big countries to them. However, the future of Africa, given with the blockchain, will still rely from the people who utilizes them. Blockchain also provides freedom, and it depends on the user to use it for the general good or only for his own.

They can sell their natural resources using bitcoin or altcoin payment to change their economic, how ever every africa country have much natural resources with higher value and never selling using USD payment because price increase just little, they have sell with using bitcoin or crypto as payment to get much profit.

Africa has a lot unbanked population and some countries because of the bad reputation can't access online payment options too. Blockchain gives such countries a chance to have an online payment system through cryptocurrency which will help in boosting the e-commerce business too. This in turn will help in boosting the economy and can help in giving many people a job too. There are a few countries in Africa which are going through hyperinflation and for that crypto gives an option of alternative investment.

Carthage, Carthaginians... were of Phoenician decent and originated from the eastern shore of the Mediterranean sea.
So you would have to go back not 2 Millenium but 3 or 4  in the glory days of Egypt to find some true African leadership.
But nothing is left out of that civilization and its people.



You see, this is what is keeping Africa's countries down.
You need a blockchain, an f word ICO do create a project for drinking water.
The Romans did that 2000 years ago, with no ICO, no blockchain, no smartphones, no electricity.

But, you put your hope in a scammy ICO who, guess what, needs the money and will reward you!!
So, you want to benefit x times by putting some money in what is supposed to be basic stuff for every human being!
And you people are all blaming the vile government......lol...hypocrisy at its finest.
 

If the government will use blockchain a way to improve their finances and living then it will help them to make their countries budget allocation fair for different projects and resources needed. It will ensure that the budget will be given it that project wallet since blockchain's transparency and efficiency are helping to reduce fraud and automate compliance. Though, the change will only be visible if the government will implements it a right process and allows their people to use it too for their improvements.

I don't know exactly what you mean about power, but if you pertain is the power of African civilization back on those historical days then I'm getting a little bit skeptical about it. I mean, the current situation of Africa is not a joke. Famine and poverty is widely spreading, lack of education was there and topographical feature of the continent serves a barrier somehow; and for me this is very hard to addressed even with use of blockchain technology. Such innovation can contribute on modernizing their lifestyle (I heard that Electroneum is widely used there, that's good news) but not totally the main solution for the major problems of their country. 

Adopting blockchain technology in Africa is a great way for development and innovation since we all know that they're lacking when it comes to this. Yet, this technological advancement wouldn't bring back decentralization in the country. Why? Because it's just merely a technology and westerners wouldn't allow decentralization back in Africa since they're benefitting from their resources. It's not that easy for them to get back decentralization since westerns are already controlling them.

Blockchain can bring decentralization at some point just like cryptoccurency but not at all aspect.

I'm just thinking that you overestimate this blockchain technology, the utility of blockchain is worth consulting but its power is not enough to change an area, a country, especially with an Africa region that is so limited with technology and equipment, blockchain will not be able to bring any change here. Change can only rely on the vision and insight from the government, if governments in Africa are aware of their problems, efforts will improve everything here, but unfortunately the visibility is limited and the policy is too conservative, things have only gotten worse until now

We already have that with Bitcoin. I don't think we need much more than decentralized money. I honestly believe that decentralization has been taken out of context due to how people expect it to be a wonder pill to solve all problems.

If we put the focus on every day tasks that can be improved in terms of efficiency, we only need to have businesses use smart databases and push the cost gains to the people too.

I seriously hope that we will get the cost of service to go down, but if they don't socialize the benfits in terms of cost too, we will continue to pay up for the fees we are charged, while the businesses maximize their profits.

That is if Africans are truly ready to be decentralized. African had what it takes to become the world best but looking at the way they run things themselves africa greediness won't let them be.
Even the introduction of Bitcoin won't solve much problem because as Africa leaders love to make any issue a means of personal gains instead of solving it.
Hopefully, the true use of Blockchain technology can help solve Africa issue.

I am sure that, first of all, it is necessary to give an African an opportunity to get an education so that people become smarter and correctly use their full potential.  Without knowledge, not one High technology will improve life in Africa.

Blockchain technology could change the economic situation of Africa just like what it did in Asian countries. However, due to a very high percentage of corruption in Africa, it will be hard for Blockchain to pursue its potential to bring a huge change in the said country. Africa must be willing to accept adoption despite all the controversies that might hinder blockchain and cryptocurrency for their economic growth.

for sure they will . if thats what they think will be better for them or they think that being decentralize can improve thier life then why not ? but the question if thier government also wants that.  i hear that government of africa is strict and other say that they are corrupt although idk really know if thats true.

blockchain is only a technology that can be used to make other system run better but i dont think that it can help a country to change from bad to good or from good to bad.

Africa is considered as the new frontier for Bitcoin and cryptocurrency as this can the area where the platform can be severely tested taking into view the diverse cultures and different levels of economic development as well as the myriad of issues pulling the people backwards in terms of progress and political stability. Now, I am sure that blockchain and cryptocurrency can be of big help in many countries comprising the African continent. As an example, Bitcoin can be one of the proven ways to preserve wealth when a county is undergoing more-than-normal inflation rate just like the one affecting Zimbabwe.

Those who have the money to invest with Bitcoin can utilize it as a good store of value as well as an investment vehicle at the same time. However, it should be clear to all that Bitcoin should never be equated like a magic pill that can solve all the maladies affecting the people. Yes, this can be of big help but Bitcoin could never kick those in the pedestal of the government using their power to abuse the people and gain more wealth for themselves. Overall, the destiny of any country lies in the very hands of the people but if the people are forced to hand this power to selected few (we can call them the elites, if you want to) then there can be a very big problem.

Well.. that is the beauty of Bitcoin and Blockchain. You need only a smartphone and basic Android/Computer knowledge to use this technology (and a data connection as well). Blockchain technology in particular has the potential to change lives in Africa. It can be used in a wide variety of fields, although payment processing and money transfer remains its primary use. Blockchain technology can be applied on diverse fields such as real estate transfers, royalty/copyright protection, data sharing, medical record keeping and even in digital voting. This can bring down the expenses involved with these processes, and make the process more time-efficient and accurate. And for the African nations with limited spending capacity, the implementation of Blockchain technology can be a big boon.

It is possible, I have known several projects that are base in africa, and now I can say that africans has a power that is differ to the western . But government will be the one who needed to take the first step in this modern era, does Africa already legalize the bitcoin? or other cryptocurrency? Their government is the the key to gain their power back to them by using the blockchain that can improve their economy

This actually depends on how their country would implement and adapt the change. It may provide various opportunities to people considering that their diverse culture and population can certainly increase the reputation and usage of cryptocurrencies in general. But the problem would arise when it comes to its application.

Remember that Africa, being divided into countries that are on the underdeveloped and developing states, have different priorities that their government needs to address. Education, infrastructures, poverty, and job opportunities are only a few of their current problems presently and I doubt that they could fit cryptocurrencies as their priority.

Maybe, maybe not, we can't see the results if they are not going to try. Most of the population in Africa doesn't have technology in their homes, laptop, smartphones, even WIFI that is the main ingredients to make money using the blockchain, if they all have this, I assume that this will be a big opportunity for them to have an everyday income to support their family needs and they will have a better home and not in slums.

Bitcoin changed so many lives including mine, there is no doubt it can change all of us if we are letting it to.

I think it doesn't mean the historical power like the nations power type of big deal, I think it just means it could have an affect over the non democratic version of living there right now. Because dictators have the control over many nations in africa, having a decentralized currency option would mean no matter what happens in their nation people would be able to save their own economy by using bitcoin.

Look at Venezuela, people who held bitcoins when the economy collapsed didn't get affected as much as people who held fiat, it is still a bad situation there no matter what you held but in the end being a bit better is all you can ask for. Same goes for africa, people who buy/sell or earn/spend bitcoins would be better than people who use fiat in those nations.

as I know blockchain is a technology used for payment transactions and is a big data that can store some small data, so blockchain technology can be carried anywhere wherever the most important thing is to have internet access then the blockchain can be applied.

Blockchain can bring positive change to Africa. Most of the African countries have problems with jobs or employment which leaves most of the natives unemployed. Blockchain cryptocurrency related projects in Africa will create employment opportunities for most people and this will go a long way to impact positively into the economic status of the country and Africa at large.

You should remember that blockchain is a tool to manage and process peer-to-peer transactions. It's not a valuable asset that can make Africa rich again. Africa needs better resources and living conditions to develop, instead of just focusing on blockchain technology, it will not help when Africa has no goods to trade.

It's not only about changing lives of the individuals who work with it for better. Uneducated people, some of whom even can't read(775 million people in the world are illiterate), can still benefit from blockchain technology. Because of the lack of transparency corruption flourishes in underdeveloped countries, and socially unprotected suffer from it the most. If the sale of a country's resources was put on a blockchain, it would be much harder for corrupt officials to embezzle the money from the sale.

The African continent is in fact full or resources that could be used to improve the lives of those that live there, but this does not happen because of two of the biggest problems for many of the governments in Africa and those are corruption and political instability, politicians sell the resources of their countries and instead of using those resources to educate people, build their infrastructure and to accelerate their internal market they steal that money.

This generates instability and then the president is removed and someone else is put in his place but instead of trying to change things the persons in power keep doing the same thing and steal from their citizens.

At some point this could bring positivity vibes to the people. Since their countries suffering from corruption at least this Blockchain could help them to survive. That’s true, people can have this as opportunities to develop and grow their skills by having this Blockchain technology. There’s no qualm that bitcoin technology could help many lives.  

Most African States have very weak economies. This is partly due to the high level of corruption, but there are other reasons. I think a decentralized fair blockchain system can help Africa lift the economy. In addition, a number of countries on this continent are already beginning to show interest in the new technology. If they begin to actively implement decentralization in their infrastructure, they will receive a profit in the form of strengthening the economy.

Yes can, blockhcain can bring change into Africa become better country. Many cases in Africa today with many children can't get education, food and many African people can get their house, with blockhcain I think can bring Africa better the best country and become better with transparent for every transaction from foundation to bring africa to help their people there to get good service in live.

Economically yes it can help Africa, but if your talking about independence then that’s different story. Blockchain can really bring change in some developing countries but it cannot change the government. It can empower people but in different ways.

Blockchain is really just a technology and it does not make a country rich. the use of many new technologies is good but in Africa do not have good resources and that is why they are always disadvantaged.
Besides, Africa always lets their fate be decided by the gods. Over belief in beliefs is also a factor that helps them not to develop.

Oh man, Africa is one of the richest continents, they have so many resources. You need to learn more about Africa, make statements later. Africa is occupied for centuries, in 21 century they still work for everyone else except for themselves. Why it's like that, well Western countries are very good in manipulations with entire nations, divide and rule. But that's another topic, we can continue about that in this topic https://bitcointalk.org/index.php?topic=5107086.msg52627376#msg52627376 (https://bitcointalk.org/index.php?topic=5107086.msg52627376#msg52627376) headline tells a lot Africa isn't poor - Africa is being raped.
Blockchain is a technology that can be used for many things, people can choose to use it for good things. My opinion is clear about that, blockchain can help entire world to be a better place.

Indeed they have a lot of resources--that's the main reason why the British built colonies.

I think as of now, the South African government/people are trying to unite, but that's becoming more of a chore than voluntary. I've heard bad news from them, particularly rebellion, coup de ta, dictatorship--corruption, etc.


I don't think this will help them given the current state they are in. It should be wise if they would push for the treaty, agreement even peace if possible, before they can progress on something like blockchain. And also as you said, they have a lot of resources, using those resources to improve the country and their economy would be better at first.

We already know that the Africa is decentralized but we must ensure first that the Africa will be have a fine and good internet connection for them to access the blockchain technology and also crypto. If they will ensure that, they can easily brings back again the good economy and change the economic growth of it. Being a decentralized by Africa makes them unique and good for blockchain.

It can change Africa for the better, if blockchain is used for good and better. Blockchain can be used in various field that can help them to develop and innovate their means of living. But I don't think it can help them politically. Also, in order for them to utilize the use of blockchain they need better education and knowledge which they need first to achieve before adopting to blockchain technology.

It can certainly help but all by itself it is not quite possible. Looking at the situation Africa is in, there is a lot of corruption going on and a lot of "every man for himself" type of situation in the communities as well, everyone tries to take care of themselves first than the others which means countries can't get better unless people stop working just for themselves and start working for the whole community.

People do not realize that you can be a billionaire but if everyone around you is in poverty then you do not have any proper way to be a "billionaire" even when you have that kind of money. They are not UK like people live in castles when they are rich and dine with other super rich people, that is why they need to first increase the level of living as a nation. If they start on that, blockchain could help them out a lot.

One thing that is common in many countries of Africa is for there to be mobile money usage. the largest mobile digital payments transfer market in the world is based in East Africa (Mainly between Kenya, Tanzania and Uganda). So cashing out Bitcoin via a person-to-person trade using LocalBitcoins because fairly easy, and with reputation and user history, safe to use. Mobile money allows account-to-account transfers, where you only need to know the phone number of the recipient to be able to transfer to them money.

With Bitcoin the people of Africa can become their own bank where they do not need to queue to withdraw their money. with Bitcoin Africans can make their purchase from anywhere in the world where Bitcoin is accepted. Also those in Africa who have families abroad can send them money within minutes. The transaction fee is very low compared to those incurred using traditional fiat currency.

Blockchain if used effectively can bring massive change all over the world, and Africa is no exception. There are a lot of African nationals living and working in developed nations, such as the European Union and the United States. Sending remittance payments back to Africa is always a major issue for the expats. With the implementation, this issue can be resolved forever.

The blockchain will bring matches everywhere, and therefore also in Africa. It is all to be proved, however, that these changes are positive, because if decentralization - as likely - is only apparent, then this will mean even more control, instead of freedom.

yes I agree with you with the application of blockchain technology, financial transactions will be more transparent and can reduce corruption. and when Africa can apply blockchain technology well in industry and banking. I am optimistic that blockchain can improve the economy of the African nation. because the process of all transactions can be done safely, transparently, quickly and at a lower cost.

I am not pretty sure but if we will going to think about it deeply, the main reason why africa will going to have a difficulty in adopting to cryptocurrency and the blockchain is because they somehow lack in resources that they can use to utilize cryptocurrency. In addition, spreading of news and updates to them will be hard in relation to the first reason. Maybe bitcoin and other cryptocurrency ATM will solve their problem.

The vast majority of the African leaders are corrupt and that is the reason why 99% of the population still lives in poverty even though the continent is very rich in natural resources. Take the case of Nigeria for example. This country has huge deposits of crude oil and natural gas, but even then the vast majority of the people still lives in abject poverty.

And this means that the politicians will stand against the integration of Blockchain technology in crucial domains, such as banking and stock market. If it is implemented, then Blockchain will make it possible to track the dirty money being accumulated by these people.

Another factor, which may be bigger than the deeply-rooted corruption in many African countries, is the manipulation and influence of powerful countries especially western countries on them. Many African leaders are puppets of huge companies or powerful governments. These local leaders are elected out of the money of these external powerful players. Their local resources are developed, exploited, and taken out from them by foreign powers. Do they really have the power to say no? I don't think so. If blockchain will stop this problem, then blockchain will not be able to enter their territories.

They have the power to say no. Have you seen Hong Kong against mainland China? Well, it's not really the issue here but definitely they can retaliate with these major countries. They are blinded with money, they thought that money solves everything in a poor country like theirs (well, not exactly poor--some of 'em are well developed).

First of all, they need to fix their social issues. Well, discrimination exists everywhere but their case is massive. From what I've seen in the news and articles that I've read, they are very disorganized--undisciplined. They always rely on these massive countries particularly the US and EU. Sure they definitely help them by means of giving medicine and healthcare services or provide rations to remote towns/villages but that doesn't really help them in the long run, if they provide something like education or equipment start their own development, that's what will make the country be a lot more civilized--developed. And their politics(?), it's such a mess, lots of corruption here and there, being puppets by the other countries. That's also the reason why a lot of rebels exist in Africa, though I don't promote terrorism/violence, they are the ones who retaliates from these ill governments.

So blockchain isn't really going to help them, not at this point at least.

Could possibly be. Because blockchain can change everything as my life now relies only on cryptocurrency.
China also gives interesting news that they need to use or adopt a blockchain for their governance. So it is possible if Africa wants to use such technology.

Their nature being decentralized? I don't think so. Blockchain is a technology created to alleviate people's way of living but not to extend it can get their power back against colonial people. We're talking about decentralization but let's not forget that blockchain technology also has limitations. Technology might help them but it's not the main factor. What they need to achieve their power back is to use their power as individuals.

If blockchain technology is used with an aim of stabilizing the economy by minimizing corruption then it will help the nation but what if those colonial leaders don't want to give up corruption? They will never accept blockchain,  I feel bit coin can help semi autonomous nation like Somali land as they are a developing nation and government their works for betterment of people and blockchain technology will help them to make lives easier and data accessible to everyonebif everything is based in blockchain I mean government's financial transactions.

Africa is a potentially very powerful region. And I know that many companies go to this continent in order to gain an audience because people are very poor and dream of getting rich quick. As far as I know, Africa even has its own SouthXchange — https://neironix.io/exchanges/southxchange
but so far it is not popular judging by the volume of trading.

Bitcoin can change Africa economic situation, if they want to adopt bitcoin as transaction payment maybe African country will the same with europe country, they can take benefit if using bitcoin and altcoin as e currency payment. Africa have big potential to chance from economic condition from now if adopt bitcoin as legal transaction payment,

It could happen if African people can think about their future and not just for a short time, but they also think about a long time. They can adopt cryptocurrency, and I am sure that they have resources that could help them to grow in using cryptocurrency. But that will depend on how they can accept cryptocurrency as a new thing because to have an open mind about something new will need a big effort to do. Besides that, they need to have a good motivator that can help them realize the potency that they have to change their life to a better life.

Just like any other country that is doing well today, corruption has been a very big challenge to economic growth. People in power misuse money meant for projects that will develop the country. So if this can stop or a stronger penalty backed with political willingness to execute the penalty, then Africa will be better for it.

MPesa only happened because the telecoms regulators in Kenya gave the green light. Once they gave permission, the mobile phone networks quickly developed the MPesa network and it works smoothly without the govt having to intervene.

So open-minded governments are the key.

Decentralization is a very useful thing, especially in those countries where there is a high level of corruption and inflation. I think that not only Africa can help blockchain, but Africa may be one of the first to try to fundamentally change its amenities and quality of life using blockchain technology. Of course, success will depend on the spread of this idea among the population. Indeed, detailing is not beneficial for the government, because it significantly complicates the management of the population. One way or another, Africa can be a good example for developing countries and countries with already developed economies.

If you look at the recent approval of Binance by accepting the fiat-to-crypto gateway for Nigeria’s Niara shows how there is an impact for bitcoin in Africa, if an exchange is to add Niara as a trading pair then it is possible that the trading volume is higher. So it is accepted in the African region and it will make an impact in the economy.

Africa is a very large country, diamonds can be mined there, lots of it. When it comes to their economy, we all know how unstable it is just like all the other countries in the world. If we are going to put our hope on blockchain to make a change into Africa, we should be well aware that technology out there is not as advanced and as well managed as we have on countries like Japan, China and Europe. Having that fact makes us jump into conclusion that Africa should be civilized more first before testing crypto to improve their economy.

Before implementing something it is a must to civilize the people. In specific basic education and technology associated knowledge needs to be provided. The future will be completely functional on blockchain, and in countries like Africa through blockchain technology the corruption can be decreased, and a better management can be developed. First thing education, then it is all about the change it can make.

1) Even the poorest countries suffer from corruption. Not only economic growth is being affected but also the well-being of the people.
2) Well, 'cause you know "politics". They don't actually take "all" the money, just lump sum(s) of it. How'd they do that you ask, I could think of a couple of ways, for instance, thinking ahead--by intentionally asking for funds that does not actually cost that much. They will still use the "supposedly" designated funds but the rest will go to their bank accounts.
3) Putting up a penalty doesn't really do much, they would just hire extremely good lawyers to get away with it (aka money-laundering). What Africa really needs IMO is social stability.


Can we have a source for this? To justify your answer and as well as provide information.


1) It's continents, North Africa and South Africa to be precise.
2) What did you expect? Compare to Japan and China, which both countries have a really good civilization ever since--in tradition, science, and military. In Europe, of course, they also have a really rich history here and there. While in Africa, they've been treated "differently" (disclaimer, I'm not belittling them I'm stating facts)--of course they wouldn't be that civilized as their counterpart countries (or continents).


I wonder how well these "projects" are right now.


1) African people aren't that uncivilized, you'd be surprised how well-educated their people are.
2) How can you be so sure about this? Can you provide a "concrete reasoning" and "practical" statement that will support your claims?

I don't think it will. Decentralization means individuality and the government purpose was to unite and make progress to the country they govern. Though bitcoin can be good to them but it doesn't mean they have to be decentralized as well. It will surely be a problematic society greed everywhere will start to occur as everybody wanted to be on the top.

I am not really sure about the position Africa has in the list of countries with advanced technology. But Africa has the equal opportunity like every other country of the world to change its fate with the help of blockchain technology and crypto currencies. Nobody is stopping it from this. People of Africa can invest in bitcoin and improve their financial standard. They can create new thing on the basis of blockchain, totally up to them.

in my opinion blockchain technology can be applied in any country including in Africa. after aperthaid's politics were abolished the economic and political development of Africa was getting better. decentralized blockchain technology can expand financial access because there are no third parties. and transactions can be done safely, quickly and at low cost. and blockchain can be applied in all fields. so in my opinion it can drive the African economy.

Adopting bitcoin and altcoin will less of corruption in Africa, every transaction will be clearly if using bitcoin than have use cash money for sending to government institution, Africa will be clearly from corruption if they want adopt bitcoin as legal transaction where for every sending payment always have history of sending and receiving, there are no have reason how to manipulated with transaction sending and receiving payment history.

Honestly, I think not. Africa isn’t ready yet to accept Blockchain with open arms.

The change should start with the people itself first as we know corruption is a serious issue to be tackled there along with the level of technological advancement which is one pf the fundamental requirement for Blockchain to prosper.

In line with the thought of making the situation severe, I think that blockchain would be abused and be used wrongly rather than for the better.

MPesa = Mobile Money which is identical to a cashless society. The MPesa package is very different from the blockchain. If what you mean by change here is poverty alleviation in Africa, in my opinion very little change can occur. Problems in Africa are complex and systematic. Political, military conflicts and ongoing human rights violations have led to very small investment figures in African countries. For human resources, education and health issues can be fixed but conflicts of interest are difficult to resolve in Africa, and systemic poverty caused by other countries' foreign policy towards Africa as part of providing assistance and also loans to Africa.

The growth and adoption of blockchain technology in Africa is indeed very good because it is supported by the small level of trust of the African community and the world community towards banks in Africa and the government does not reject the cryptocurrency but government disclosure and adaptation to blockchain technology is not enough to solve chronic African disease.

The change has already began with most of the African countries embracing the idea of crypto. Now, Africa is becoming the next target of crypto market although most of the governments have not announced crypto to be legal, they still remain a neutral grounds for crypto projects to thrive. Crypto merchants in Nigeria, Ghana, Kenya, South Africa etc are offering incredible services which allows citizens to pay TV bills, water bills, school fees mobile phone airtime etc with their cryptocurrency (BTC, LTC, ETH)

The good thing is that till now the African governments haven't taken a hostile stance against the cryptocurrency usage in their jurisdictions, unlike the case with some of the Asian countries such as China and India. But even then, the usage levels remain very low in these nations. A lot of hype is going around cryptocurrency usage in Nigeria, but the trade volumes tell us that the usage is quite low there.

What do you mean by not being ready?
It is indeed that the corruption in Africa is severe, but I don't think that it will be a hindrance for adopting blockchain technology. If there will be an individual or a group of people that will push through of using blockchain technology, who has enough knowledge and experience using it, proposing to adopt it to their govenment can be possible. Africa is not late on using technology, so I know there are people in the country that has somehow heard or experienced using it.

There is a reason why new technologies always seem to be adopted the fastest in developed countries than in undeveloped ones and it is simply because their level of infrastructure is higher than the one that you can find in undeveloped countries, there is no doubt Africa could benefit greatly from the use of the blockchain technology since it could lower the level of corruption that you find in the continent, but do you think that politicians want that?

If the people there will create a blockchain project that can make that thing come true then even the politician will be against it then they cannot do anything because people will push that project through. The only thing that they needed to do is to start creating projects that is related to blockchain so they can join the cryptocurrency space and possibly gain support from other countries that will support them to bring the change in their country.

There is nothing to worry about Africa as they are one of the top country who has the most number of Bitcoin users or crypto enthusiasts, they believed well in crypto and they are actually developed some of it. There is also a study that Africa will be one of the homeland for cryptocurrency as the adoption is rapidly increasing. For sure in the coming years, crypto adoption in Africa will be more popular.

Many people talk about the African continent left behind. in my opinion this is a big one because several times the Blockchain convention was held on the continent. and I'm including people who are always updated about the news. This year I read an article about Africa Using the Blockchain to Drive Change: Nigeria and Kenya, Evidence that indeed developments on the continent have also taken place. to be more complete you can read on cointelegraph. I better advice us to talk with facts and data so that it is not the origin of our opinions

Corruption is the major problem with Africans, all their leaders are self-centered and does not care about their citizens, they should not blame the western world colonial masters for their problems.

The solution to the African problems can not be solved by blockchain due to the high level of corruption operating there, what exist in papers are always different from the realty.

yeah it's sad to see reality like that. the intentions are good and I am sure blockchain can indeed change Africa but if there are many who commit corruption, changes in any type will have no effect and ultimately will be useless.

maybe the african country wants to develop economically and its human resources and the government in africa uses the economic system using blockchain and crypto as the currency used and it might be able to encourage the development of the country's economic level i'm sure many countries will follow the breakthrough of the country Africa

Now the African society has begun to build their thinking with Blockchain technology,
of course it will make a good development in the country. Changes will occur if their Blockchain technology is applied in the life of their national economy.

Africa is one of the country that is very interested in blockchain or crpto industry, they are the one which has the most number of crypto users, they are also developing as their talents is increasing as they are more in to technology. Let's see how things will go for their country. It's a good step for Africa country economy too as well as for their people.

When most of the part of a continent like Africa is still suffering for their basic needs like food, clothes etc, so it is not a good time to talk about the crypto coins. Even to use the coins they need 24 hours of electricity and data connection. So it is very hard for them to adopt any cryptocurrency.

But rather than the cryptocurrency, we should find out the use of blockchain such that it may help the Africans. The blockchain technology is a great technology and I hope very soon we are going to use it in the daily life. And if we can use it to help fulfilling our basic needs then that will be a great gift to humanity.

Great users are there.. improvement of blockchain will start in africa. because we can see how they really believe that blockchain and crypto are a good part of our daily lives. with their knowledge and support for blockchain and crypto, other country will saw how blockchain be our system that can able to change our current situation of transactions and illegal doings. with transparency of blockchain, evil people can easily find and we can easily see what they are doing. improvement of this system will truly help us.

very nice points here. maybe to add: in coutries which have more development to go through, some steps are just skipped. and middleman problem is bigger in some lower developed places, so blockchain might be a solution. i think of usecase like the land register. so there cannot come any dictator and claim it is his brothers land, or at least not so easy..

Indeed, some of the great project ive known is originated there, it can actually help their economical status, but the thing is, we cannot rely the change of a country for just a cryptocurrency, government  and its people might change too. They need to be develop so that they can absolutely ride the flow of the modern technology too.

If blockchain will be implemented in Africa or any country who is facing the problem of corruption, will get rid of such institutes with the help of blockchain. Blockchain can replace them. Not only this but it is also better for cross-border payments. It can control inflation. Economy can be improved with the help of blockchain. But the initiative needs to be taken by the government itself.

Numbers are not enough to make a change or to make development even, to say that there's nothing to worry about. Because Bitcoin aside, there are so many things to worry about in Africa.

And those developed cryptos you mentioned, I wonder how well they are right now? For all I know, it's just some scheme for scamming people.

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That is because Asian countries (such as China and India) are more developed and independent from other countries/continents, especially Africa. And real talk here, I believe politicians in Africa are busy corrupting the country and eagers power for governance. And I think because of that, the government doesn't give an F to Bitcoin.

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Thanks, for the heads up. People from other countries forget how devastated Africa has been in the past--still even now. Nothing change much IMO. And why do people think that cryptocurrency, blockchain will solve every problem in Africa(?) just because many Africans use Bitcoin(?) Even if they do, that doesn't really matter if the governance and the system don't change.

But only the reacher one would use it and have an access to develop his blockchain or crypto knowledge because of poverty most of people in Africa can't use or doesn't afford to buy a technology in order to introduce to them.

But yes it can help the African by using blockchain but it was better if they use cashless money much better.

  But if we see the benefits of crypto at individual level, I believe struggling people of Africa can live a good life since crypto currencies are not exclusively there for governments rather they are more inclined towards individual economical freedom. I am strongly of the view that small businesses shall adopt crypto currencies in order to be financially free than a burden on government.

Being a motivated person, yes it can be achieved further but with their underlying problems that the people of Africa is facing particular on financial struggles, I don't think crypto is the solution for that. Without education about crypto, the people in this country cannot obtain proper mindset on emerging digital currency to their businesses regardless if big or small type.
Their situation wasn't easy, yet African government should have a good alternatives to solve the problems of the country.

With very abundant natural resources i think Africa should be can be consider as one of the richest continent in the world but some of african countries cannot utilize existing natural resources and their citizen still poor until now and about how to utilize blockchain technology in africa i think it's hard to be implemented because at there still too many issue have to be resolved and some of the countries also don't have facilities to support this technology

Blockchain you say? Well, it can change Africa in some ways but if you mean like saving people from poverty and making a lot of people rich, then that's where you're getting it wrong because that one is not going to happen, not even Bitcoin which is an asset can do that, not to talk of blockchain that is just a system that powers cryptocurrencies.

How is Blockchain going to change Africa? If the companies in Africa decide to adopt blockchain technology that means they will be able to improve their business models, cloud storage, payment methods and a lot more.

The first impact that blockchain will make its security and keeping them safe from cyber-attacks. Another thing is transparency and we are all aware that there is less transaction time when making use of blockchain.

This technology can be used in so many areas and that includes banking, government, legal, healthcare, and voting. And I believe that in the future there will still be more. So, imagine Africa taking advantage of all that.

People don't follow family planning in Africa and they have dozens of kids each. And the end result is that none of them gets proper education or skill training and in most cases they themselves will produce a dozen kids each. Bitcoin can help poor people all over the world. But Africans will remain as poor unless they give priority to education over child-bearing.

With the high levels of corruption in most African countries, I believe that the blockchain technology would be the very important thing that this continent needs. Banks can use Blockchain to develop it's connexion with other countries in the world, with cryptocurrencies people will be satisfied and will use it to found solution to their countries. It will be a great opportunity for African country if they can adopt blockchain but not African countries also we can talk about some Asian countries like minamar, Cambodia, bengladech and other poor countries...

I think most of the 3rd world countries don't really follow any family planning. And I think it is most likely because there is no policy/law passed on regarding the number of children from each family allowed in a country. IIRC, China has a 1-child policy, because they've suffered from a lot of issues from having such a massive amount of population. If I'm not wrong, China is really handling it well enough. After all, it's a very powerful country. So Africa might consider doing the same thing.


I think that would not be the solution at all. There are more important matters that this continent needs fixing.

China has a good family planning but do you really think that all the Chinese are educated. Poverty is everywhere, even the rate of this curse is high in countries like America. Though there should be planning in everything, but who desire to move forward do not come up with such excuses. Today we have sufficient resources to get skills. Owners of Giant companies mostly do not hold degrees.

I don't see any correlation between the level of corruption in a country and the use of cryptocurrency in Africa which can reduce its value. Blockchain is an option with the aim of accelerating and validating transactions.
Why in Africa and other conflict countries, crypto is usually used as a solution because of TINA (there is no alternative).

What is needed by Africa and conflict countries is an opportunity to survive, how they can survive is by means of the many jobs, jobs need investment.

China sees the potential of Africa, so China mimics the American strategy of siphoning Chinese assets. China plans to move many of its factories to Africa, as was the American strategy of 1900-2000 which moved many of its factories to China. Sustainable transformation requires a radical new approach in Africa.

True, but those living in countries with high corruption are trapped, if the blockchain was adopted then corruption will go down but for the blockchain to be adopted you will need honest politicians that care about the people and want what it is best for them, but if they had those kind of politicians then they will not need to blockchain, and like always the dream of a change coming from the top does not work, if we want the blockchain and bitcoin to improve the conditions of those living in Africa then each person needs to take the personal decision to adopt it one at the time.

although like that I think in China has good facilities and infrastructure, despite the limitations of education, people can work with the facilities provided. It is different from Africa, where there are minimal facilities for the development of the blockchain.

It will be easy to africa to adapt the blockchain especially now that their country are growing and they have ability now to use technology. Africa is nice country because of their tourist spot like wild animals. And I think they will consider to adapt the blockchain which they have decentralized economy before. But at some point this country also have some problems because of poverty but I think if someone can teach them about blockchain they will understand it even some of them don't have proper education.

By that, it is obvious that China is more developed and rich than Africa. After all, they had a very rich history and that foundation alone makes them supreme from other neighboring nations.


This is the very reason why Africa shouldn't be hasty on getting involved in this matter. Well, they already are, and I think that's inevitable. But what my point is, this shouldn't be the priority of Africa, and to believe that this is the way (no pun intended) to make them better.

As you mentioned education, it is very crucial to anyone. If they would focus more on things that are "priority" I think they would be one step closer to prioritizing other things such as Blockchain.

If Africa adapts blockchain then it will be able to solve the problem of corruption but then again, this is the question, that whether the governments their want to get rid of this evil or not. Blockchain is for everyone. Any system can improve its security and reliability with this technology. Poverty is a problem that common public faces, not authorities and they can implement any technology they want to. At most, it will take a lot of time.

Knowledge, if not implemented, is useless. It is not exactly the education but not changing your way of thinking even after getting some education. This is the real problem of today's world. Do you really think Africa lacks educational institutes, it lacks wise people. China was able to build it from ashes. It did that with the help of implementing the little knowledge they hold and chasing the best.

Thank you for pointing it out.

Exactly. That's a big advantage that China has over Africa. Well, I didn't really specify what I really meant. I don't mean that Africa doesn't literally have education per se, but they're not utilizing it properly (as you said). And I don't think they don't have "wise" people also, I think they do, but turning a blind eye--for wealth. That's why there's no "major" development in Africa. When we talked about China, they have built their civilization way back, so I think it's not an equal comparison at all (no intention on belittling Africa).