The Economics of Blockchain Within Africa

Aaron Thegeya

Working Papers from African Economic Research Consortium

Abstract: The advent of blockchain technology offers massive potential for revolutionary innovations that address fundamental constraints and market failures across a wide span of sectors in Africa. Blockchain has the ability to transform economic activity and improve living standards in Africa by overcoming information asymmetry problems, property rights and governance barriers. Blockchain innovations have the ability to boost levels of productivity and unlock capital flows to underserved sectors, in addition to leveraging the increasing returns of information as an input to production in order to spur economic growth.

Date: 2022-02
Note: African Economic Research Consortium
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