Blockchain Technology as an Enabler of Economic Development in Africa

Enock Mokobi ()
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Enock Mokobi: Birguid

Development Finance Agenda, 2020, vol. 6, issue 1, 14-15

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.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:afj:journ4:v:6:y:2020:i:1:p:14-15

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