Bulls n Bears Entrepreneurship Zone ::Profit-making idea: Capitalising on blockchain technology in Africa

[Bulls n Bears]

How We Made It In Africa asked Felix Mbugua, founder and CEO of Legibra, a
Kenya-based technology firm, to identify one untapped business opportunity
in Africa. Here was his response:

“Blockchain-based systems. This technology presents a jet-packed solution
poised to improve virtually everything as we know it on the African
continent. This heavily touches on, and is not limited to, the financial
sector, trade, education, and property sectors, as well as government
operations/structures, the economy, agritech and currencies.

“Mastering the use and implementation of this technology presents lucrative
offerings to the professionals who will come out on top in proficiency. The
technology is new; therefore, early adopters will be sought-after pioneers.
Before many can join the bandwagon the few who have mastered blockchain will
be a rare commodity that will not be cheap to procure.

“Applications include creating Ethereum-based systems in sectors like
education, blockchain-based systems for bookkeeping in banking/finance,
blockchain-based systems in property, smart contracting, smart grids for
energy distribution, identity management, supply chain, international trade,
and more.

“I believe blockchain can provide all-inclusive and holistic access to
services in the African context because it leapfrogs the continent past the
cost and time taken by developed continents to achieve the infrastructure
and level of technology that set them way ahead, and apart, from Africa.”—
Howwemadeitinafrica 

 <https://www.howwemadeitinafrica.com/?attachment_id=61795> 

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