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Can blockchain save Africa?

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  • Can blockchain save Africa?

    According to the World Economic Situation and Prospects 2018, a product of the United Nations, GDP growth rate of at least 7% is the starting point for emerging economies’ move into the advanced group. The only possible way to achieve growth rates as strong as that is ongoing large-scale investments in their economies. However, nobody especially wants to take the risk of investing in countries where even the most basic needs represented in Maslow’s pyramid remain unresolved. This is an issue that blockchain technology can tackle.

    Major challenges facing the countries of Africa according to the Guardian

    “Business as usual is not an option in developing countries,” the Guardian investigation reveals. “By 2050, more than 3 billion additional people will be living in what is now described as the developing world, thus opening up the broadest prospects for business openings. It is time to talk about it.”

    Here is a list of the massive challenges which, if solved, will enable business to develop:
    • The World Bank defines corruption as “Public Enemy Number One”in developing nations.
    • The population of the African continent has virtually no access to the banking system.
    • A great many adult people are unable to obtain documents as the public administration system has totally collapsed.
    • Poverty levels remain unacceptably high. The supply of food, drinking water, drugs still poses a challenge.
    • The Internet is not available to a broad range of African nationals.
    Read the full article following the link below.
    According to the World Economic Situation and Prospects 2018, a product of the United Nations, GDP growth rate of at least 7% is the starting point for emerging economies’ move into the advanced…

  • #2
    Fascinating article. So is Africa one of target audience now?

    Comment


    • MDiffenbakh
      MDiffenbakh commented
      Editing a comment
      Currently our main focus is Asian market, such countries like south korea, china, India. With time we will expand our forces all over the world, African countries have a huge potential for systematic growth, and I'm sure our technology will help as well and will become good foundation for that. Also in London, Credits and Africunia Digital Bank will start accepting their respective tokens. The agreement signed by the companies will allow buying AFCASH, which is a token supplied by Africunia, with CS tokens. This partnership will no doubt help to drive the ambitious growth of both partners that spans across Africa, Europe and Asia.
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