Crypto-blockchain technology is in many cases regarded as the technology of the future. It is growing every day, attracting more users from around the world. Africa represents one of those places where it is very popular.
This field is very popular in several countries of Africa, for example, Kenya, where it is being used in many fields.
As of today, there are various holes in this field in Kenya, but Crypto-blockchain technology has the ability to change any industry. Blockchain represents a technology that can offer the world population safety and security, which is one of the reasons for its popularity.
There are many fields where Crypto-blockchain technology can be used. Starting from education, law, health and even the field of gambling.
Casinos are very active users of this technology, especially online gambling platforms. By this, many online casinos in Africa, as well as around the world, are coming up with new ideas that can help this technology to further develop in the future. Bitcoin casinos are becoming more popular and active every day, there are even some benefits offered to crypto players by the best of them.
In Kenya, there are several organizations working on the development of this technology. These organizations also work very hard to ensure the popularity of crypto. There are several educational events, workshops, and boot camps that are being held in Kenya to inform the society about the blockchain and cryptocurrencies.
Recently, Kenyan court has dismissed KeniCoin’s ongoing case following a press release from Kenya’s Capital Markets Authority (CMA) urging Kenyans not to participate in KeniCoin and KeniCoin Exchange.
Kenicoin is a crypto-currency backed by real businesses, there are many businesses developed that will be depended on this, so this ruling means a lot for Kenyans who support the development of the currency.
Why investing in land in Kenya is still a sure financial bet
However, Kenya faces a lot of challenges and to develop this technology there are several things that need to be done. First of all, one of the most important things is to educate people about the blockchain.
According to international organizations, there are several things that the government can do, for example, the Ministry of Education could upgrade the curriculum it provides to college and university students to build a new generation of thinkers who will ensure to stimulate economic growth in the coming decades.
For this technology to develop in Kenya, the government has been urged by many organizations and international partners to conduct awareness and education programs to promote financial literacy and capability among people, especially young adults, who represent the future of the country.
Experience of other countries
There are several countries that have worked to develop this technology. Regulations are things that have been proven to be very important in this field. But, as many experiences of other countries have shown, there is a certain balance needed to ensure the freedom of the market.
National Blockchain Roadmap has published a report recently, talking about Australia’s experience and plans regarding the technology. As it said, Australia plans to focus on supporting global supply chain management systems, and further explore asset monitoring via blockchain.
By having a decentralized nature, this system is very successful. It manages to reflect Australia’s key contribution to adopt this approach and encourage democratic management and delivery. Several studies have shown that blockchain-based management has the ability to save significant money and improve customer experience.
Australia is one of the greatest examples that regulations can be helpful, but the main idea of the technology should be maintained.