In many African countries, there is the lack of desire to be among trail-blazers. The internet is decades old but Ghana is still building infrastructure for the invention to reach the entire population. An 800 km fibre optic cable was recently launched on the eastern corridor. Another is under construction in Accra. While Ghana lugs behind the developed world in internet infrastructure, a similar invention was announced and Ghana is already six years behind.
The new technology is “ blockchain ”. It was launched in 2009 and has been making the waves since. You may be wondering what sort of invention this might be that, you of all people, are not aware of. That is the problem. Blockchain is the technology on which cryptocurrecies like bitcoin and virtacoin travel. Bitcoin and virtacoin are more popular names than blockchain but the latter is the vehicle that drives them from one point to another.
This technology is believed to be the future of business, communication, auditing, banking, player age authentication, sports administration, land title ownership authentication, etc.
Source: http://www.modernghana.com/news/634068/1/what-are-banks-in-ghana-doing-about-blockchain.html
