Can Blockchain Bring change into Africa?

[uray]

I guess this was possible if there was an organization that will manage it for them. If there are no useful equipments for cryptocurrencies it wasn't possible. Also, they must be somehow have a knowledge about cryptos so that they became aware about its system.

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.

[agentx44]

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?

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.

[KennyR]

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?

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.

[DaftAjax]

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

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.

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.

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

1) Africa is a very large country
2) 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.

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).

There are people in the Africa that are educated enough to handle projects related to blockchain and there is already existing projects there that are blockchain powered.

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

1) Before implementing something it is a must to civilize the people. In specific basic education and technology associated knowledge needs to be provided.
2) 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.

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?

[alexsandria]

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 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.

[supercanada1]

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.

[barabarian1]

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.

[cutesgirl]

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.

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.

[Memminger]

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.

[abhiseshakana]

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.

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.

[reality18]

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)

[Vishnu.Reang]

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.

[Zeke_23]

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.

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.

[drachman]

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.

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?

[meliodas]

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.

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.

[JC btc]

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.

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.

[zidanw]

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

[tinyteapot]

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?

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.

[Landak]

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?

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.

[toast]

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.

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