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Africa Using Blockchain to Drive Change: Nigeria and Kenya, Part One

Published 09/15/2019, 03:26 PM
Updated 09/15/2019, 03:41 PM
Africa Using Blockchain to Drive Change: Nigeria and Kenya, Part One

Blockchain adoption in Africa is on the rise. From transportation to the gaming and lottery industries, reports of companies utilizing decentralized ledger technology (DLT) across the continent are emerging. Several stakeholders in the African blockchain scene say DLT is the key to solving the developmental issues plaguing the continent as a whole. They also believe the technology provides a platform for Africa to elevate itself to a position of greater relevance in global affairs.

While the general attention of governments still appears minimal, some countries are reportedly taking steps to promote increased blockchain adoption. Nations such as Kenya and Nigeria have announced plans in recent months to pursue regulation and greater cooperation with the private sector to leverage the benefits accruable from blockchain utilization.

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