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ARTICLE · 16 FEBRUARY 2018

Blockchain Is Not Disruptive

Dentons
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What do you do when Africa's richest man, Aliko Dangote, publicly says that he is not in favour of investing in a fintech start-up and would rather invest in agriculture?

United StatesTechnology
Tessa Quaker
Tessa Quaker
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What do you do when Africa's richest man, Aliko Dangote, publicly says that he is not in favour of investing in a fintech start-up and would rather invest in agriculture? Well, you find yourself re-examining the role of financial technology and its punted disruptive nature. All of this thinking is somewhat problematic, especially since wherever you look there is an increased and heightened focus on blockchain, initial coin offerings, virtual card payments, in addition to social and political uprisings that vocalise a pressing need for financial inclusion.

We have seen the former CEO of STRATE, Monica Singer, leave the central securities depository to concentrate full-time on blockchain. She said, in her interview with CoinDesk, that she believes tech would help to cut out the "unnecessary middlemen". This is ground-breaking. The former head of South Africa's central security depository for over 20-years, a pioneer in transforming the paper-based financial markets

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