News
16/10/2019
Blockchain in Africa
Tanzania's President John Pombe Magufuli is one of the world's leaders in the fight against corruption in all government institutions in East Africa. He made an unexpected visit to the Ministry of Finance the day he took over as president, gaining public confidence in the fight against corruption.
The Tanzanian government is optimistic that the blockchain has ended in corruption, solving the problem of ghost workers in all public sectors. In fact, ghost workers earn $ 195.4 in salary. Tanzania, however, is not alone in this struggle.
Uganda, South Africa, Ethiopia, Nigeria, Ghana and other African nations have turned to blockchain technology to end financial crimes.
In May 2018, Ugandan President Yoweri Kaguta Museveni decided to start using DLT in an attempt to boost the economy of the country and even East Africa.
“These members of the blockchain trust one another and are like universal SACCOs. Members have access to accounting books because they are aware of how badly the businessman is affected by trade secrets, ”Yoweri said.
Massive takeover
In June, the Kenyan government said it was planning to use blockchain technology to oversee the construction of 500,000 homes by 2020 for citizens in need.
The Reserve Bank of South Africa is testing a blockchain, based on Ethereum (ETH), for transactions from bank to bank.
In June 2018, Nigeria's Customs Service started using distributed ledger (DLT) technology, optimistic that revenue will increase by 50%, after a reduction in corruption.
In Madagascar, a public Internet platform for DLT and Things, called Ambrosius, partnered with a French flavored product firm, Premium Goods, offers guarantees for vanilla bourbon.
On the other hand, Ghana, Bitland, a local DLT company, is helping landowners with unregistered property titles create records that they can follow in their footsteps. In July 2018, the Government of Ghana partnered with IBM to develop DLT capabilities, which was used in land administration. The memorandum of understanding was then drafted to legalize the agreement, according to the Coinidol report. Takreem El-Tohamy, Managing Director of IBM in the Middle East and Africa, said: "We are doing this with a group of Ghanaian trading partners, ensuring knowledge and technology transfer."
Now or never
In May 2018, IOHK, a DLT research firm, headquartered in Hong Kong, partnered with the Ethiopian government to oversee the coffee supply chain so farmers could reap the benefits.
Dalton Kisanga, a computer science professor at Dar es Salaam Institute of Technology, said: "Blockchain creates an invariant trace of information that enables complete traceability in every transaction."
Additionally, in March, Starbucks began a large pilot project that allows farmers in Colombia, Rwanda and Costa Rica to efficiently track their coffee beans.
However, Jason Eisen is the founder and CEO of Utu, a DLT startup based in Kenya (Nairobi). Eisen said: "What is really exciting is that they are building a technology stack in Africa, with decentralized infrastructure and applications that are tailored to the special needs of the continent."
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