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The blockchain and our future: Africa Arise

lordjamesPosted for Everyone to comment on, 5 years ago4 min read
I read this some days ago,

The tools to empower Africa are now with us. It is a responsibility now. It is irresponsible to ignore the situations and not seize the day. These are tools of liberty and must be prized and develop as sacred to humanity

If you read those words and you think the message is for the governments and big corporations, you are wrong. In the last couple of weeks I have taken an in-depth study into how the Blockchain technology can solve real life problems in Africa.
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A lot of African state are still considered developing nations and have been held back by legacies of colonialism, this has resulted in issues like armed conflict, corruption and poverty. Blockchain technology is already making impact and garnering strength, which I believe it has the potential to make huge imparts on African economies and society.

This is a crucial moment in the economic advance of developing nations as Africa, the options of using many technologies to skip steps when it comes to economic transformation. We have the natural resources, the technology is here and our greatest resources - the people - offer large workforce which if properly utilise can leapfrog most developed nations, same way we jumped over the landlines and move straight to mobile phone.

How powerful can the blockchain be in Africa? The blockchain technology and cryptocurrency have the power to reshape africa by connecting the millions across the continent who have no access to information and financial services.

Real Problems? Real Solutions

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I might not have the technical know-how, but I am hitting the books hard enough to see how we can have practical solutions to real problems. Blockchain can tackle real social, economic and political problems we face everyday in africa. In my village where I come from and most other similar communities, a large number of the people are excluded from global economy because they can't open a bank account, don't have a birth certificate, passport, drivers licence, utility bill etc so they missed out of economic opportunities and financial services. I still have many people who come to ask me to help transfer cash to their loved ones. But the blockchain through cryptocurrency can solve that problem without any middle man. Africa is on its way to a cashless society due to his aggressive adoption of mobile technology. We can see the huge adoption of P2P digital fund transfer services like M-PESA. The blockchain will be the catalyst that will bring this cashless revolution and open more opportunities for the people of Africa.

A major challenge around the world today is corruption and transparency. Blockchain technology is decentralized, transparent leading to many possible use cases based on fighting corruption when deployed in elections and voting systems. We have seen the cases of a Swiss company, Agora, and their involvement in Sierra Leone last election.

How about in keeping an accurate and comprehensive records of public expenditure by public office holders. This could be very effective in combating fraud/corruption and promoting accountability.

Blockchain technology is useful in enabling cross-border remittance, disrupting energy and oil sectors, trading commodities, improving identity/verification systems, spreading education reach to many.

Now the problem is that we all expect governments and corporations to solve these problems with innovations. No dear, things have changed, the power is in our hands now. I want to see massive adoption of the blockchain cryptocurrency market in Africa. Thanks to people like @McSamm who are working hard to bring small businesses in Ghana to the steem blockchain where you and I can pay for goods and services via steem/sbd without the banks acting as exchanges. I have been buying mobile data for awhile now from @ciocolony with my steem/sbd without need for banks and no transaction charges.

If you are only on Steemit to write posts and hope for upvotes, you are not helping the nation and not helping yourself. Don't plan all your future only on making articles, get involve in blockchain tech, go online and read about it, grow above just making posts and start learning what else you can use the blockchain tech to do.

We are the government, We are the corporations, We are the change we want to see. Act it.

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Image three from Pixabay.

Shared from my Steem blog here

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