A number of countries in Africa have seen rapid technological
development in recent years, as exemplified by mobile internet
deployment across Uganda and Tanzania. This is largely due to a
lack of existing infrastructure and regulation allowing for new
technologies to leapfrog traditional solutions and for policy
frameworks to be implemented in conjunction with new products. This
results in stable macroeconomic environments which now sees
countries, such as Kenya, as a favourable market for tech
investors.
Blockchain and other decentralised systems are likely to be the
next technology to capitalise on this 'test and learn'
approach as they are well suited to manage data, financial assets
and B2B transactions without the need for intermediaries. As a core
principle, Blockchain improves the quality, reliability and
accessibility of data and for this reason, they have the potential
to alleviate various issues which can arise when conducting
business.
