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Jan 2019 - Market Note - Doc # CEMA44617918

Beyond the Cryptocurrency Hype: Practical Blockchain Use Cases in Sub-Saharan Africa

By: Andrew Kibet KiruiResearch Analyst, Systems & Infrastructure Solutions, Middle East & Africa, Mark WalkerAssociate Vice President, South Africa, IDC

Abstract

This IDC Market Note presents IDC's opinion on practical blockchain use cases in Sub-Saharan Africa, their potential impact, and the challenges inhibiting adoption of the technology.

"Interest in blockchain is growing across Sub-Saharan African, but the continent is still plagued by technical, regulatory, and institutional problems, which inhibit the adoption of most advanced disruptive technologies, including blockchain. Many governments lack the political will and resources to embrace such technologies. In addition, blockchain is perceived negatively due to cryptocurrency scandals — perceptions that must be overcome before governments buy into the blockchain concept, especially regarding the use cases described in this Market Note. Thus, for blockchain to have a meaningful impact in Sub-Saharan Africa, cross-private-and-public-sector collaboration will be essential." — Senior Research Analyst Andrew Kirui, Telecommunications and IoT, IDC Middle East, Turkey, and Africa.


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