| dc.description.abstract | Africa is currently tackling challenges to technologies and innovation in its suitable
development agenda.in the journey to embracing the blockchain technology, ICT plays a very vital
role in addressing the challenges. The introduction of internet technology and the World Wide Web
has brought with it changes in the interactive nature of people. One of the most outspoken changes
is "Blockchain", a smart technology that allows people to transact without the need for an
intermediary. In Africa, Blockchain is known as "the trusted machine" because one can be sure of
doing clean transactions using blockchain. The technology behind "bitcoin" is the decentralized
databases and cryptocurrency and its major merits are decentralization, security, and transparency,
resistance to outages and efficiency. Almost all the sectors are using this technology some of which
are; health, education, governance, financial institutions industries and IT. According to the firm
Research and Markets 3 from the United States of America, the worldwide cryptocurrency and
blockchain technology market will grow by 35.2 percent during the forecast period 2016–, to touch
an aggregate of $42.16 billion by 2022. Most of this growth, however, will take place in the United
States, followed by Europe, the Asia-Pacific, and India. | en_US |
