A trend or a fad?
Yup! Everyone is talking bitcoin. But in Africa, a continent still grappling with an unbanked majority, to date cryptocurrencies have mostly offered opportunities to serve those without access to traditional financial services. And while there’s no denying that many businesses have gone ‘crypto-crazy’, a greater breadth of organizations are also busy tinkering with, and unlocking value, from the revolutionary technology that’s behind those cryptocurrencies: blockchain.
As a transparent, secure and decentralized ledger, the potential blockchain technology has when it comes to disrupting Africa’s business arena is indisputable. Especially at a time where governments and industries are still rife with corrupt deals, poor record-keeping and untraceable transactions.
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