Can Blockchain Bring change into Africa?

[Spaffin]

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.

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[hugeblack]

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.

[Pinkris128]

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?

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.

[Mometaskers]

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?

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.

[skyline247]

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.

[rocku12345]

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.

[davide72]

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?

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

[DaftAjax]

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.

[Periodik]

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?

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. 

[yulionoo]

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.

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.

[Anegg]

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.

[yoseph]

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.

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.

[stompix]

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?

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

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

The Kingdom of Dahomey (/dəˈhoʊmi/) was an African kingdom (located within the area of the present-day country of Benin) that existed from about 1600 until 1894.....They traded prisoners, which they captured during wars and raids, and exchanged them with Europeans for goods such as knives, bayonets, firearms, fabrics, and spirits.

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.

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.

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.

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.

[Faxmate]

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?

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.

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.

[ShooterXD]

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.

[shield132]

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...

[dothebeats]

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.

OP wait wait, Africa was great until.... When was it great? I don't remember such fact in history.

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.

[seagates]

Nothing can be changed in Africa if they dont start work

[Pearls Before Swine]

The  nature of Africa was decentralization! Africa was unite and great until  colonial masters began to centralize  everything.

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.

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

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.

[hahahafr]

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.