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Blockchain Technology as an Enabler of Economic Development in Africa

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  • Enock Mokobi

    (Birguid)

Abstract

Blockchain is a promising and revolutionary technology because it helps reduce risk, stamps out fraud and brings transparency in a scalable way for myriad uses. Blockchain technology being a technological innovation is regarded as one of the primary drivers of long-term economic development. Digital technologies and innovation help in not only reducing poverty at low cost but also improving how the public and private sectors function, particularly in a world where development aid agency budgets are under increasing pressure. This article explores how blockchain could be used to enhance economic development in the African continent.

Suggested Citation

  • Enock Mokobi, 2020. "Blockchain Technology as an Enabler of Economic Development in Africa," Development Finance Agenda, Chartered Institute of Development Finance, vol. 6(1), pages 14-15.
    • Handle: RePEc:afj:journ4:v:6:y:2020:i:1:p:14-15
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    File URL: https://journals.co.za/content/journal/10520/EJC-1c2c7d9f08
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