The adoption of blockchain will represent a total shift from the
traditional business dealings in Mauritius, by placing trust and
authority in a decentralised network.
Blockchain Technology
The Mauritius Government is supportive of blockchain technology
and initially implemented a sandbox licence recognising crypto
currency as a digital asset. The recent budget also focuses on the
promotion of FinTech services, helping to establish Mauritius'
position as a leading FinTech hub in the African region.
The challenges of making Mauritius a FinTech hub in the
region
The prospect of using blockchain technology to store corporate
documents of entities, title deeds as well as financial and
transactional documents will enhance the financial services sector
in Mauritius by ensuring timely access to inherently trustworthy
information. The Government's support financially for this is
promising and will include the introduction of a new licence for
FinTech Service
