A question I ask myself when considering the potential benefits of blockchain technology for Africa is: why isn’t rapid adoption happening, especially when blockchain could dramatically transform economies and societies across the continent in such profoundly beneficial ways?
Many developed nations, for the time being at least, are managing without blockchain, though the need for transition is becoming increasingly urgent in both developed and developing countries. However, Africa faces unique and pressing challenges that likely cannot be effectively addressed without the solutions blockchain can offer. Socioeconomically, African nations are on a very tight timeline to deliver real positive economic growth and ensure political stability among their youth-dominant demographics.
So, the answer to why rapid adoption has not occurred is relatively straightforward, in my opinion. So far, no blockchain—or combination of blockchains—has demonstrated the capability to meet the specific needs of individual African nationswhile also undeniably providing the necessary regional, continental, and global …