n Development Finance Agenda (DEFA) - Blockchain technology as an enabler of economic development in Africa

Volume 6 Number 1
  • ISSN : 2413-256X


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.

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