Topic: Can Blockchain Bring change into Africa? - page 5. (Read 839 times)

It is possible, I have known several projects that are base in africa, and now I can say that africans has a power that is differ to the western . But government will be the one who needed to take the first step in this modern era, does Africa already legalize the bitcoin? or other cryptocurrency? Their government is the the key to gain their power back to them by using the blockchain that can improve their economy

Well.. that is the beauty of Bitcoin and Blockchain. You need only a smartphone and basic Android/Computer knowledge to use this technology (and a data connection as well). Blockchain technology in particular has the potential to change lives in Africa. It can be used in a wide variety of fields, although payment processing and money transfer remains its primary use. Blockchain technology can be applied on diverse fields such as real estate transfers, royalty/copyright protection, data sharing, medical record keeping and even in digital voting. This can bring down the expenses involved with these processes, and make the process more time-efficient and accurate. And for the African nations with limited spending capacity, the implementation of Blockchain technology can be a big boon.

Africa is considered as the new frontier for Bitcoin and cryptocurrency as this can the area where the platform can be severely tested taking into view the diverse cultures and different levels of economic development as well as the myriad of issues pulling the people backwards in terms of progress and political stability. Now, I am sure that blockchain and cryptocurrency can be of big help in many countries comprising the African continent. As an example, Bitcoin can be one of the proven ways to preserve wealth when a county is undergoing more-than-normal inflation rate just like the one affecting Zimbabwe.

Those who have the money to invest with Bitcoin can utilize it as a good store of value as well as an investment vehicle at the same time. However, it should be clear to all that Bitcoin should never be equated like a magic pill that can solve all the maladies affecting the people. Yes, this can be of big help but Bitcoin could never kick those in the pedestal of the government using their power to abuse the people and gain more wealth for themselves. Overall, the destiny of any country lies in the very hands of the people but if the people are forced to hand this power to selected few (we can call them the elites, if you want to) then there can be a very big problem.

for sure they will . if thats what they think will be better for them or they think that being decentralize can improve thier life then why not ? but the question if thier government also wants that.  i hear that government of africa is strict and other say that they are corrupt although idk really know if thats true.

blockchain is only a technology that can be used to make other system run better but i dont think that it can help a country to change from bad to good or from good to bad.

Blockchain technology could change the economic situation of Africa just like what it did in Asian countries. However, due to a very high percentage of corruption in Africa, it will be hard for Blockchain to pursue its potential to bring a huge change in the said country. Africa must be willing to accept adoption despite all the controversies that might hinder blockchain and cryptocurrency for their economic growth.

I am sure that, first of all, it is necessary to give an African an opportunity to get an education so that people become smarter and correctly use their full potential.  Without knowledge, not one High technology will improve life in Africa.

That is if Africans are truly ready to be decentralized. African had what it takes to become the world best but looking at the way they run things themselves africa greediness won't let them be.
Even the introduction of Bitcoin won't solve much problem because as Africa leaders love to make any issue a means of personal gains instead of solving it.
Hopefully, the true use of Blockchain technology can help solve Africa issue.

We already have that with Bitcoin. I don't think we need much more than decentralized money. I honestly believe that decentralization has been taken out of context due to how people expect it to be a wonder pill to solve all problems.

If we put the focus on every day tasks that can be improved in terms of efficiency, we only need to have businesses use smart databases and push the cost gains to the people too.

I seriously hope that we will get the cost of service to go down, but if they don't socialize the benfits in terms of cost too, we will continue to pay up for the fees we are charged, while the businesses maximize their profits.

I'm just thinking that you overestimate this blockchain technology, the utility of blockchain is worth consulting but its power is not enough to change an area, a country, especially with an Africa region that is so limited with technology and equipment, blockchain will not be able to bring any change here. Change can only rely on the vision and insight from the government, if governments in Africa are aware of their problems, efforts will improve everything here, but unfortunately the visibility is limited and the policy is too conservative, things have only gotten worse until now

Adopting blockchain technology in Africa is a great way for development and innovation since we all know that they're lacking when it comes to this. Yet, this technological advancement wouldn't bring back decentralization in the country. Why? Because it's just merely a technology and westerners wouldn't allow decentralization back in Africa since they're benefitting from their resources. It's not that easy for them to get back decentralization since westerns are already controlling them.

Blockchain can bring decentralization at some point just like cryptoccurency but not at all aspect.

I don't know exactly what you mean about power, but if you pertain is the power of African civilization back on those historical days then I'm getting a little bit skeptical about it. I mean, the current situation of Africa is not a joke. Famine and poverty is widely spreading, lack of education was there and topographical feature of the continent serves a barrier somehow; and for me this is very hard to addressed even with use of blockchain technology. Such innovation can contribute on modernizing their lifestyle (I heard that Electroneum is widely used there, that's good news) but not totally the main solution for the major problems of their country. 

If the government will use blockchain a way to improve their finances and living then it will help them to make their countries budget allocation fair for different projects and resources needed. It will ensure that the budget will be given it that project wallet since blockchain's transparency and efficiency are helping to reduce fraud and automate compliance. Though, the change will only be visible if the government will implements it a right process and allows their people to use it too for their improvements.

Carthage, Carthaginians... were of Phoenician decent and originated from the eastern shore of the Mediterranean sea.
So you would have to go back not 2 Millenium but 3 or 4  in the glory days of Egypt to find some true African leadership.
But nothing is left out of that civilization and its people.



You see, this is what is keeping Africa's countries down.
You need a blockchain, an f word ICO do create a project for drinking water.
The Romans did that 2000 years ago, with no ICO, no blockchain, no smartphones, no electricity.

But, you put your hope in a scammy ICO who, guess what, needs the money and will reward you!!
So, you want to benefit x times by putting some money in what is supposed to be basic stuff for every human being!
And you people are all blaming the vile government......lol...hypocrisy at its finest.
 

Africa has a lot unbanked population and some countries because of the bad reputation can't access online payment options too. Blockchain gives such countries a chance to have an online payment system through cryptocurrency which will help in boosting the e-commerce business too. This in turn will help in boosting the economy and can help in giving many people a job too. There are a few countries in Africa which are going through hyperinflation and for that crypto gives an option of alternative investment.

They can sell their natural resources using bitcoin or altcoin payment to change their economic, how ever every africa country have much natural resources with higher value and never selling using USD payment because price increase just little, they have sell with using bitcoin or crypto as payment to get much profit.

Blockchain might help solve some crisis regarding corruption and will provide more transparent and faster transaction to other countries to further boost their economy. It is also true that the decentralized nature of this technology would help them somehow control their country and minimize the regulations imposed by the big countries to them. However, the future of Africa, given with the blockchain, will still rely from the people who utilizes them. Blockchain also provides freedom, and it depends on the user to use it for the general good or only for his own.

I couldn't agree more. Africa needs the blockchain technology more than others. Although other governments in other continents are also dirty in many of their transactions, the African people are suffering more than others. Many are dying out of the selfishness of a few. And to think that the continent is not lacking of natural resources. Natural resources like minerals are very abundant in the region. It is just that aside from the foreign players taking the major slice, the local governments are also conniving with them.

Blockchain technology will make all these transactions transparent and immediately available to the eyes of the public. It then boosts their responsibility to make their leaders accountable for anything. Especially finances, blockchain is of extreme significance to this.

More projects were integrated with the blockchain technology to support African people. I saw one such project for drinking water in our forum. This way blockchain is being used for good, by the same time more scammers from Africa try to make an earning out these people. This gives a negativity as well, so people need to be taught to stay away from scams and use the right thing. This will surely help Africa flourish.

In my own personal opinion, blockchain and bitcoin could help change africa because there are a lot of people who have change their lives from investing and trading in bitcoin, so that they can provide their necessities. But people in africa needs the enough technology for them to trade and invest in cryptocurrency like computers and smartphones as well as an internet connection.

It actually can be the ice breaker. You see what Africa is currently experiencing was faced by Indian Subcontinent around 30 years ago. India was the richest country with wide variety of natural resources and European powers not only took that away but also split the subcontinent into a ever raging war. But a gift which they passed away was English. India developed and got educated and then came the technology revolution in which countries tried to find a cheaper alternative to outsource some tedious and unproductive tasks they have to do. India encashed the opportunity and here they are today emerging as the biggest BPO, KPO Industry in the world. Now similarly world is changing its gears again and blockchain could be the next big thing. So if African countries channelize their resources into education and health then Blockchain can bring some change into Africa. Otherwise don't expect the change like world will be run using bitcoin and every African will get to share it. You have to pave your way out get a recognition on the world map.