Kenya, Nigeria, Uganda and South Africa have been listed among countries taking the lead in blockchain experimentation. The four nations have been recognized as pioneers in Africa in terms of financial inclusion and technology adoption.
“Africa is rising and technology is at the forefront of our growth as a continent,” said John Kamara, Director for Global Gaming Africa, an industry leader in the continent’s betting arena.
He was speaking with Katy Micallef, an Author for the ‘Malta Blockchain Summit’, an event slated for November 2018 in Malta, Europe that aims to showcase developments within the industry.
“We have seen the explosion of the mobile space in the continent and how it has allowed a number of services and solutions to become easier. Blockchain is about to help solve a number of issues we are currently facing in the public and private sector. Pockets of blockchain innovation are fast springing up in innovation hubs across Africa, as the public and private sector alike seek effective new systems of record with trust embedded,” he added.
Speaking in regard to the Malta Blockchain Summit, he explained that with Kenya, Nigeria, Uganda and South Africa among the countries taking the lead in blockchain experimentation, the financial sector looks set to be the continent’s earliest big adopter.
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He noted, however, that development and trials are also underway to apply blockchain technology to virtually every industry sector, from health and social development to retail and agriculture. Governments are exploring ways of using blockchain to aid corruption across multiple verticals and also to push value to service sectors.
According to Kamara, other countries like Kenya and Nigeria have either setup a blockchain committee or advisory programs to explore the opportunity. Some of the happenings in the private sector around blockchain education are key to usage of the technology, such as IBM research on blockchain and movement of trade in Africa. ITEX, a payment solution company, servicing multiple POS solutions and software for banks across Africa is exploring blockchain for security and trust.
He said that some momentum has been gathered around the use of blockchain in Africa so far and throughout 2018.
Jamborow, the Pan African business to business (B2B) platform for financial inclusion in Africa is also building a blockchain solution to help secure data, transactional information and identity management for her clients in Africa.
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