Can Blockchain Bring change into Africa?

[White Christmas]

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?

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.

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[airdnasxela]

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.

[beerlover]

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.

[Darooghe]

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.

[Vishnu.Reang]

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.

[Brunus]

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.

[yulionoo]

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.

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.

[Eugenar]

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 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.

[bryant.coleman]

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.

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.

[NathanJB]

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.

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.

[DaftAjax]

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.

[huu78]

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.

[Eclipse26]

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.

[Wysi]

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.

[AGroose]

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.

[asus09]

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?

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,

[michellee]

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 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.

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.

[carter34]

Now that the world is changing and  blockchain is bring back  decentralization to the world would Africa get  their  power back?

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.

[alyssa85]

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.

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.

[desticy]

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.