Transform Africa Summit: Blockchain can stimulate Africa’s drive to digitized economy

The second day of long-awaited Transform Africa Summit has started in Rwanda’s capital Kigali with another set of discussions and side events. The discussion for second day is taking place on the topic ‘Peer learning and collaboration are key to building a vibrant digital economy in Africa.’

Transform Africa Summit 2019 is taking place in Rwanda under the theme ‘Boosting Africa’s Digital Economy.’ Most deliberations will be revolving around job creation and emergence of enterprises. The Summit is witnessing over 4,000 delegates from national and international levels. An assortment of top brains from varied technological, entrepreneurship, artificial intelligence etc. biospheres are addressing and gathering the Summit.

President of Kenya, Uhuru Kenyatta, and President of Mali, Ibrahim Boubacar Keïta have joined their Rwandan counterpart, Paul Kagame for the opening of fifth Transform Africa Summit at the Kigali Convention Centre. Smart Africa intends to transform Africa into a single digital marker and place Information and Communication Technology at the heart of the continent’s socioeconomic development agenda.

The rapid emergence of blockchain technology is also a part of overall discussion in the 2019 Summit. The experts believe that blockchain is actually able to stimulate Africa’s drive to the digitized economy. For instance, countries like Sierra Leone are using blockchain for land registry.

“Blockchain is the most secured technology so far. Some of us have already started its adoption,” Hisham Ezz Alarab the Chairman CIB in Egypt said.

Digital economy is expected to enable the overall African continent to create more jobs and entrepreneurial opportunities for its bulging youth, who are estimated at over 50 percent of the population.

Also Read: Eugene Kaspersky to attend 5th Transform Africa Summit in Kigali