The Economics of Blockchain Within Africa
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Date
2022-02
Authors
Thegeya, Aaron
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Abstract
The advent of blockchain technology offers massive potential for revolutionary
innovations that address fundamental constraints and market failures across a
wide span of sectors in Africa. Blockchain has the ability to transform economic
activity and improve living standards in Africa by overcoming information
asymmetry problems, property rights and governance barriers. Blockchain
innovations have the ability to boost levels of productivity and unlock capital
flows to underserved sectors, in addition to leveraging the increasing returns of
information as an input to production in order to spur economic growth.