Greetings nairalanders

I salute the founders of the forum, it has been a great place for information sharing. Good Job Seun

Embito a blockchain Enthusiast and I ask what you think Blockchain can be for Africa?

A major problem in Africa has been transparency in operations of major economic activities that have, in turn, affected the continent ways of handling resources to deliver development to the Nations in it.

If Africa account for major Raw materials used in producing major commercial goods serving the billions why is the continent still taking Aids from the east & west?

Something seems really wrong here!!

Blockchain is creating a decentralized environment where data can be shared on a network with an Implemented cryptography which makes its data Immutable and needs no third party system to verify transactions created, that means the public chain network can accept anyone with a laptop to be part of the network, that is distributed in a Peer to peer system.

this was the birth of Bitcoin by Satoshi, and every transaction on the network from the very start till date are recorded and can easily be seen,
that means if Africa business implements a blockchain network to handle operations, every revenue can be tracked and every use of it can also be monitored. that will, in turn, improve operation and give business a chance to scale up easily.

If asked Blockchain is good for Africa, we just need to find the use of it in all major sectors.

for more details on Blockchain technology feel free to write to me


Best Regards
Embito

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