Can Blockchain Bring change into Africa?

[Genemind]

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.

[imstillthebest]

That is if Africans are truly ready to be decentralized.

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.

[CryptoBry]

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.

[Sithara007]

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.

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.

[Mumbeeptind1963]

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 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

[qwertyup23]

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?

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.

[AicecreaME]

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.

[redsun114]

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.

[Google+]

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.

[reality18]

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.

[leavolnhals]

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?

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.

[Betwrong]

~Blockchain is revolutionary, no doubt. Anyone with the required knowledge can change his life, even an African.

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.

[wxa7115]

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.

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.

[Inkdatar]

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.

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.  

[EdvinZ]

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.

[Xxmodded]

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.

[ecnalubma]

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.

[leavolnhals]

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?

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.

[iv4n]

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 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.

[DaftAjax]

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.

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.

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.

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.