Blockchain and its opportunities for Africa
August 3, 2022
On July 30, Inkuba held conference was held at the conference hall of the Chamber of Commerce and Industry of Burkina / Haut-Bassins for the benefit of young people.
Purpose of the Conference
The theme was:”Blockchain and its opportunities for Africa” We had in attendance developers, programmers, entrepreneurs, and students.
The speakers were:
Madam Laurentine Djatsa, the host and director INKUBA ( from Ghana) whose presentation was about the vision of Inkuba as an NGO, firstly to present the NGO INKUBA (its vision and its missions).The second part of her presentation was about Project Catalyst as she encourage attendees to join the Catalyst communities to take advantage of the opportunities.
Mr. Frédéric SAMVURA,
Business Initiatives & DRC Hubs Oversight Lead(from Canada) He spoke by videoconference (via Zoom) on《 Cardano in Africa: Its opportunities for companies》
Dr. KODJO AGBEZOUTSI Professor of Computer Science at ESI(Burkina Faso)
His presentation was about p《The BLOCKCHAIN AND ITS SOLUTIONS》
Cardano's Mission in Africa
Cardano – the first peer reviewed third generation blockchain – is one of the few cryptocurrencies aiming to serve underdeveloped nations by banking the unbanked. To that end, Cardano has a vision for developments in Africa and EMURGO, as the official commercial arm of Cardano, will help drive Cardano’s success in Africa. Along those lines, a key use case for blockchain is in the supply chain industry and Cardano can penetrate the African market for betterment of the society. Cardano’s strategy in Africa, along with the key use case of blockchain in supply chain management, will be explored in this blog post.
Africa’s Digital Focus
Africa is an extremely young continent with a large focus on digital developments. The median age in Africa is estimated at being 19 years, and is home to over 1.3 billion people. Africa is also home to millions of digital-wallets, where individuals can make transactions rapidly via mobile applications as an alternative to cash. Of the 54 countries in Africa, 24 African states are members of SMART Africa. This alliance aims to transform all 54 African countries into a single digital market. SMART Africa is focused on investing heavily in digital infrastructure which will allow new industries to bloom and create massive opportunities within African economies. This includes investments in fiber optic networks, mobile broadband centres, satellites, data centres and many other initiatives. Investments in these areas will act as the foundation of a truly digital African market.
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