TCTownhall Snippets: Blockchain could be one of the biggest game changers for Africa

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type='application/ld+json'>{"@context":"https:\/\/schema.org\/","@type":"NewsArticle","mainEntityOfPage":{"@type":"WebPage","@id":"https:\/\/techcabal.com\/2020\/02\/28\/tctownhall-snippets-blockchain-could-be-one-of-the-biggest-game-changers-for-africa\/"},"headline":"TCTownhall Snippets: Blockchain could be one of the biggest game changers for Africa","image":["https:\/\/c76c7bbc41.mjedge.net\/wp-content\/uploads\/tc\/2020\/02\/emtech-townhall.jpg"],"datePublished":"2020-02-28T13:04:48+01:00","dateModified":"2020-02-28T13:07:45+01:00","author":{"@type":"Person","name":"Abubakar Idris"},"publisher":{"@type":"Organization","url":"https:\/\/techcabal.com","name":"TechCabal","logo":"https:\/\/x7d4c5z5.stackpathcdn.com\/wp-content\/themes\/tc1.5\/images\/tclogo-desktop.png"}}</script><section class="single-article"> <div class="content"> <article> <div class="single-article-meta"> <div class="single-article-category"> <a href="https://techcabal.com/category/uncategorized/">Uncategorized</a> </div> <h1 class="single-article-title"><span class="single-article-title-inner">TCTownhall Snippets: Blockchain could be one of the biggest game changers for Africa</span></h1> <div class="single-article-info"> <span class="single-article-author">By <a href="https://techcabal.com/author/abubakar/" title="Posts by Abubakar Idris" rel="author">Abubakar Idris</a> </span> <span class="single-article-date"> Feb 28, 2020 </span> </div> <div class="single-article-img poster-image"> <div class="image-holder"><img width="1186" height="790" src="https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall.jpg 1186w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-300x200.jpg 300w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-1024x682.jpg 1024w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-240x160.jpg 240w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-768x512.jpg 768w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-690x460.jpg 690w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-1050x699.jpg 1050w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-480x320.jpg 480w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-760x506.jpg 760w" sizes="(max-width: 1186px) 100vw, 1186px" /></div> <p class="wp-caption-text"> Image source: Techcabal </p> </div> </div> <div class="single-article-main"> <div class="single-article-main-share"> <div class="share-block one-column"><div class="share-header">Share</div><ul class="social-links one-column"> <li><a target="_blank" href="https://twitter.com/intent/tweet?url=https%3A%2F%2Ftechcabal.com%2F2020%2F02%2F28%2Ftctownhall-snippets-blockchain-could-be-one-of-the-biggest-game-changers-for-africa%2F&text=TCTownhall%20Snippets%3A%20Blockchain%20could%20be%20one%20of%20the%20biggest%20game%20changers%20for%20Africa" class="share-icon share-twitter" data-type="twitter"><img src="//c76c7bbc41.mjedge.net/wp-content/themes/tc2.0/images/twitter_red.svg" alt="Twitter" srcset="//c76c7bbc41.mjedge.net/wp-content/themes/tc2.0/images/twitter_red.svg 1x, //c76c7bbc41.mjedge.net/wp-content/themes/tc2.0/images/twitter_red.svg 2x"></a></li><li><a target="_blank" href="https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Ftechcabal.com%2F2020%2F02%2F28%2Ftctownhall-snippets-blockchain-could-be-one-of-the-biggest-game-changers-for-africa%2F&title=TCTownhall%20Snippets%3A%20Blockchain%20could%20be%20one%20of%20the%20biggest%20game%20changers%20for%20Africa&summary=According%20to%20Uzoma%20Nwaga%2C%20Chief%20Operating%20Officer%20at%20Government%20Enterprise%20and%20Empowerment%20Program%20%28GEEP%29%2C%20%E2%80%9Cblockchain%20could%20be%20one%20of%20the%20biggest%20game-changers%20in%20Africa.%E2%80%9D" class="share-icon share-linkedin" data-type="linkedin"><img src="//c76c7bbc41.mjedge.net/wp-content/themes/tc2.0/images/linkedin_red.png" alt="Linkedin" srcset="//c76c7bbc41.mjedge.net/wp-content/themes/tc2.0/images/linkedin_red.png 1x, //c76c7bbc41.mjedge.net/wp-content/themes/tc2.0/images/linkedin_red@2x.png 2x"></a></li><li><a target="_blank" 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//c76c7bbc41.mjedge.net/wp-content/themes/tc2.0/images/facebook_red@2x.png 2x"></a></li><li><a target="_blank" href="mailto:?body=https%3A%2F%2Ftechcabal.com%2F2020%2F02%2F28%2Ftctownhall-snippets-blockchain-could-be-one-of-the-biggest-game-changers-for-africa%2F&subject=TCTownhall%20Snippets%3A%20Blockchain%20could%20be%20one%20of%20the%20biggest%20game%20changers%20for%20Africa" class="share-icon share-email" data-type="email"><img src="//c76c7bbc41.mjedge.net/wp-content/themes/tc2.0/images/mail_red.png" alt="Email" srcset="//c76c7bbc41.mjedge.net/wp-content/themes/tc2.0/images/mail_red.png 1x, //c76c7bbc41.mjedge.net/wp-content/themes/tc2.0/images/mail_red@2x.png 2x"></a></li></ul> </div> </div> <div class="single-article-content" id="single-article"> <div class="single-article-content-inner"> <p>Like cryptocurrency and AI, blockchain is one of the buzziest terms in the tech world today. </p> <p>According to Uzoma Nwaga, Chief Operating Officer at Government Enterprise and Empowerment Program (GEEP), “blockchain could be one of the biggest game changers in Africa.” Uzoma was speaking at the TechCabal Townhall: Emerging Tech held on 28 February 2019.</p> <p>At its most basic form, blockchain can be described as a data structure that holds information about transactions in a transparent and decentralized way. <a href="https://hackernoon.com/blockchain-technology-explained-introduction-meaning-and-applications-edbd6759a2b2">Hackermoon</a> describes it as a “distributed ledger that is completely open to any and everyone on the network.”</p> <p>Uzoma explains that blockchain can help African governments become more transparent and better address identity issues on the continent.</p> <p>“At the heart of Africa’s challenges are transparency, credibility, identity and verification,” he said. “These are governmental and infrastructural challenges that we have, and everything else can befall on these.”</p> <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="683" loading="lazy" src="https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-23-1024x683.jpg" alt="TCTownhall Snippets: Blockchain could be one of the biggest game-changers for Africa" class="wp-image-66339" srcset="https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-23-1024x683.jpg 1024w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-23-300x200.jpg 300w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-23-240x160.jpg 240w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-23-768x512.jpg 768w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-23-1536x1024.jpg 1536w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-23-2048x1366.jpg 2048w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-23-690x460.jpg 690w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-23-1050x700.jpg 1050w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-23-480x320.jpg 480w, https://c76c7bbc41.mjedge.net/wp-content/uploads/tc/2020/02/emtech-townhall-23-760x506.jpg 760w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <p>“The quicker we can get into blockchain and help regulators understand its applications, the better for us,” Uzoma added.</p> <p>Uzoma is at the forefront of tech adoption by the Nigerian government. As COO of GEEP, a venture by the Nigerian Bank of Industry (BOI), he is in charge of the important government initiatives like TraderMoni and MarketMoni. Both initiatives are financial inclusion drives that offer micro-lending services to millions of Nigerians.</p> <p>Since 2018, both initiatives have provided loans worth billions of naira to low-income Nigerians mostly in the informal sector. Uzoma said blockchain and greater adoption of technology could make it easier to handle issues like people defaulting on repayment, identity verification and assessing creditworthiness.</p> <p><em>This is a brief extract from sessions and conversations at the <a href="http://techcabal.com/event/emergingtech">TechCabal Emerging Technologies Townhall</a>.</em><br></p> </div> <div class="social-widget social-share"> <span>Share this article</span> <ul class="social-links"> <li><a target="_blank" href="https://twitter.com/intent/tweet?url=https%3A%2F%2Ftechcabal.com%2F2020%2F02%2F28%2Ftctownhall-snippets-blockchain-could-be-one-of-the-biggest-game-changers-for-africa%2F&text=TCTownhall%20Snippets%3A%20Blockchain%20could%20be%20one%20of%20the%20biggest%20game%20changers%20for%20Africa" class="share-icon share-twitter" data-type="twitter"><img src="//c76c7bbc41.mjedge.net/wp-content/themes/tc2.0/images/twitter_red.svg" alt="Twitter" 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value="Latvia">Latvia </option> <option value="Lebanon">Lebanon </option> <option value="Lesotho">Lesotho </option> <option value="Liberia">Liberia </option> <option value="Libya">Libya </option> <option value="Liechtenstein">Liechtenstein </option> <option value="Lithuania">Lithuania </option> <option value="Luxembourg">Luxembourg </option> <option value="Macau SAR China">Macau SAR China </option> <option value="Macedonia">Macedonia </option> <option value="Madagascar">Madagascar </option> <option value="Malawi">Malawi </option> <option value="Malaysia">Malaysia </option> <option value="Maldives">Maldives </option> <option value="Mali">Mali </option> <option value="Malta">Malta </option> <option value="Marshall Islands">Marshall Islands </option> <option value="Martinique">Martinique </option> <option value="Mauritania">Mauritania </option> <option value="Mauritius">Mauritius </option> <option value="Mayotte">Mayotte </option> <option value="Metropolitan France">Metropolitan France </option> <option value="Mexico">Mexico </option> <option value="Micronesia">Micronesia </option> <option value="Midway Islands">Midway Islands </option> <option value="Moldova">Moldova </option> <option value="Monaco">Monaco </option> <option value="Mongolia">Mongolia </option> <option value="Montenegro">Montenegro </option> <option value="Montserrat">Montserrat </option> <option value="Morocco">Morocco </option> <option value="Mozambique">Mozambique </option> <option value="Myanmar [Burma]">Myanmar [Burma] </option> <option value="Namibia">Namibia </option> <option value="Nauru">Nauru </option> <option value="Nepal">Nepal </option> <option value="Netherlands">Netherlands </option> <option value="Netherlands Antilles">Netherlands Antilles </option> <option value="Neutral Zone">Neutral Zone </option> <option value="New Caledonia">New Caledonia </option> <option value="New Zealand">New Zealand </option> <option value="Nicaragua">Nicaragua </option> <option value="Niger">Niger </option> <option value="Nigeria">Nigeria </option> <option value="Niue">Niue </option> <option value="Norfolk Island">Norfolk Island </option> <option value="North Korea">North Korea </option> <option value="North Vietnam">North Vietnam </option> <option value="Northern Mariana Islands">Northern Mariana Islands </option> <option value="Norway">Norway </option> <option value="Oman">Oman </option> <option value="Pacific Islands Trust Territory">Pacific Islands Trust Territory </option> <option value="Pakistan">Pakistan </option> <option value="Palau">Palau </option> <option value="Palestinian Territories">Palestinian Territories </option> <option value="Panama">Panama </option> <option value="Panama Canal Zone">Panama Canal Zone </option> <option value="Papua New Guinea">Papua New Guinea </option> <option value="Paraguay">Paraguay </option> <option value="People's Democratic Republic of Yemen">People's Democratic Republic of Yemen </option> <option value="Peru">Peru </option> <option value="Philippines">Philippines </option> <option value="Pitcairn Islands">Pitcairn Islands </option> <option value="Poland">Poland </option> <option value="Portugal">Portugal </option> <option value="Puerto Rico">Puerto Rico </option> <option value="Qatar">Qatar </option> <option value="Romania">Romania </option> <option value="Russia">Russia </option> <option value="Rwanda">Rwanda </option> <option value="Réunion">Réunion </option> <option value="Saint Barthélemy">Saint Barthélemy </option> <option value="Saint Helena">Saint Helena </option> <option value="Saint Kitts and Nevis">Saint Kitts and Nevis </option> <option value="Saint Lucia">Saint Lucia </option> <option value="Saint Martin">Saint Martin </option> <option value="Saint Pierre and Miquelon">Saint Pierre and Miquelon </option> <option value="Saint Vincent and the Grenadines">Saint Vincent and the Grenadines </option> <option value="Samoa">Samoa </option> <option value="San Marino">San Marino </option> <option value="Saudi Arabia">Saudi Arabia </option> <option value="Senegal">Senegal </option> <option value="Serbia">Serbia </option> <option value="Serbia and Montenegro">Serbia and Montenegro </option> <option value="Seychelles">Seychelles </option> <option value="Sierra Leone">Sierra Leone </option> <option value="Singapore">Singapore </option> <option value="Slovakia">Slovakia </option> <option value="Slovenia">Slovenia </option> <option value="Solomon Islands">Solomon Islands </option> <option value="Somalia">Somalia </option> <option value="South Africa">South Africa </option> <option value="South Georgia and the South Sandwich Islands">South Georgia and the South Sandwich Islands </option> <option value="South Korea">South Korea </option> <option value="Spain">Spain </option> <option value="Sri Lanka">Sri Lanka </option> <option value="Sudan">Sudan </option> <option value="Suriname">Suriname </option> <option value="Svalbard and Jan Mayen">Svalbard and Jan Mayen </option> <option value="Swaziland">Swaziland </option> <option value="Sweden">Sweden </option> <option value="Switzerland">Switzerland </option> <option value="Syria">Syria </option> <option value="São Tomé and Príncipe">São Tomé and Príncipe </option> <option value="Taiwan">Taiwan </option> <option value="Tajikistan">Tajikistan </option> <option value="Tanzania">Tanzania </option> <option value="Thailand">Thailand </option> <option value="Timor-Leste">Timor-Leste </option> <option value="Togo">Togo </option> <option value="Tokelau">Tokelau </option> <option value="Tonga">Tonga </option> <option value="Trinidad and Tobago">Trinidad and Tobago </option> <option value="Tunisia">Tunisia </option> <option value="Turkey">Turkey </option> <option value="Turkmenistan">Turkmenistan </option> <option value="Turks and Caicos Islands">Turks and Caicos Islands </option> <option value="Tuvalu">Tuvalu </option> <option value="U.S. Minor Outlying Islands">U.S. Minor Outlying Islands </option> <option value="U.S. Miscellaneous Pacific Islands">U.S. Miscellaneous Pacific Islands </option> <option value="U.S. Virgin Islands">U.S. Virgin Islands </option> <option value="Uganda">Uganda </option> <option value="Ukraine">Ukraine </option> <option value="Union of Soviet Socialist Republics">Union of Soviet Socialist Republics </option> <option value="United Arab Emirates">United Arab Emirates </option> <option value="United Kingdom">United Kingdom </option> <option value="United States">United States </option> <option value="Unknown or Invalid Region">Unknown or Invalid Region </option> <option value="Uruguay">Uruguay </option> <option value="Uzbekistan">Uzbekistan </option> <option value="Vanuatu">Vanuatu </option> <option value="Vatican City">Vatican City </option> <option value="Venezuela">Venezuela </option> <option value="Vietnam">Vietnam </option> <option value="Wake Island">Wake Island </option> <option value="Wallis and Futuna">Wallis and Futuna </option> <option value="Western Sahara">Western Sahara </option> <option value="Yemen">Yemen </option> <option value="Zambia">Zambia </option> <option value="Zimbabwe">Zimbabwe </option> <option value="Åland Islands">Åland Islands </option> ?> </select> <select name="gender" class="gender" required placeholder=""> <option value="" disabled selected> Gender </option> <option value="male"> Male </option> <option class="female"> Female </option> <option value="others"> Others </option> </select> <div class="tc-newsletter-checkbox"> <label class="checkbox"> <span class="checkbox-input"> <input class="checkbox-input-elem" type="checkbox" name="list_tcdaily" value="beehiiv" checked> <span class="checkbox-control"> <svg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 24 24' aria-hidden="true" focusable="false"> <path fill='none' stroke='currentColor' stroke-width='3' d='M1.73 12.91l6.37 6.37L22.79 4.59' /> </svg> </span> </span> <span class="checkbox-radio-label">TC Daily</span> </label> <label class="checkbox"> <span 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