Exploring the adoption of blockchain technology in africa: Insights from direct observation and literature review

Abstract

This study explores the implementation and use of blockchain technology in diverse sectors throughout Africa. The blockchain technology has garnered international recognition owing to its capacity to revolutionize business operations, improve transparency, and foster socioeconomic progress. Nevertheless, the application of this technology in Africa presents distinct challenges and possibilities. By employing both firsthand observations and a review of the existing literature, this study seeks to present a thorough understanding of the present status, obstacles, and potential linked to the integration of blockchain technology in Africa. This paper draws upon perspectives from various reputable sources within the realm of blockchain technology integration. The objective of this paper is to provide a nuanced understanding of the hurdles, possibilities, and factors that impact the adoption of blockchain technology in Africa. This study adds to the current body of literature by illuminating the unique circumstances surrounding blockchain adoption on the African continent, thereby enhancing the global conversation on this topic.