Africa must not miss the Blockchain bus

Academics argued that there isn’t a problem that Blockchain is solving. In particular, Stefaan Verhulst, co-founder of the Governance Laboratory (GovLab) at New York University said recently that some of the technology’s challenges are a “lack of governance and ethical frameworks that can help scale the use of blockchain” and that it is “still being promoted as a solution in search of a problem.”

To the contrary, blockchain’s safety, transparency and immutability have never been questioned. There is always a problem when these three attributes are missing especially in transferring or exchanging anything of value, ranging from assets to payments and even data transfer.