Africa Using Blockchain to Drive Change: Nigeria and Kenya, Part One

Blockchain technology is finding real-world utility across Africa via public-private partnership agreements in solving some of the continent’s burning issues.
Blockchain adoption in Africa is on the rise. From transportation to the gaming and lottery industries, reports of companies utilizing decentralized ledger technology (DLT) across the continent are emerging. Several stakeholders in the African blockchain scene say DLT is the key to solving the developmental issues plaguing the continent as a whole. They also believe the technology provides a platform for Africa to elevate itself to a position of greater relevance in global affairs.While the general attention of governments still appears minimal, some countries are reportedly taking steps to promote increased blockchain adoption. Nations such as Kenya and Nigeria have announced plans in recent months to pursue regulation and greater cooperation with the private sector to leverage the benefits accruable from blockchain utilization.The Nigeria Union of Road Transport Workers (NURTW) and a group of partners in the private sector have already launched a blockchain-based scheme targeted at improving interstate road transportation. Stakeholders of the project say the program will improve safety, record keeping and insurance for road travelers.However, some effort within the technological implementation needs to be dedicated to ensuring blockchain protocols are easy to use. Some commentators point to the steps taken by telecommunication service providers that have resulted in the significant penetration of mobile services across the African continent.Related: Young Africa Looks to Crypto for PaymentThe Nigerian government sets its sights on decentralized technologyAs previously reported by Cointelegraph, Femi Gbajabiamila, the speaker of Nigeria’s House of Representatives, said a concrete legislative framework should be in place for crypto and blockchain regulation.The Honorable Solomon Adaelu, a member of the House, is one of the most vocal proponents for blockchain and crypto regulations in Nigeria. The legislator is the current chairman of the bipartisan committee on blockchain technology. For Adaelu, failure to move quickly on creating an environment conducive to digital technology will see the country fall even further behind in terms of technological advancement.In a series of motions brought up before the House, Adaelu espoused the idea that blockchain technology will form a major part of the Fourth Industrial Revolution. An excerpt from one of these motions reads:“Africa was not part of the first, second, and the third industrial revolution & these group of lawmakers believe that the fourth industrial revolution, driven by digital transformation should not pass us by. Hence, the need to engage all stakeholders to initiate the process of blockchain and internet discussions at this time.”According to Adaelu, blockchain technology also presents another useful solution for Nigeria — and Africa as a whole — in creating trustless protocols in a country said to be beset by institutionalized corruption. Speaking during one of the sessions of the blockchain committee back in July, Adaelu declared:“Blockchain is for Africa and Africa must take advantage of it to close the gap in the industrial and economic advancement between the African continent and the rest of the world.

Post written by our friend Osato Avan-Nomayo and Syndicated from Cointelegraph
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