Africa’s economic and technological development agenda is noticeably pivoting towards a focus on Fourth Industrial Revolution innovations such as blockchain technology.
A World Economic Forum survey suggested that 10 percent of global GDP will be stored on blockchain by 2027. In addition, worldwide spending on blockchain solutions is expected to grow to nearly 12 billion by 2022 according to research. Blockchain-based solutions can replace legacy systems and fill the gaps where non-existent or inefficient technology infrastructures in African nations give way to newly established innovations that drive a new era of inclusive growth.
Blockchain technology has the potential to foster innovation and broaden access to financial services in developing and emerging markets. The introduction of blockchain technology has enabled the use of cryptocurrencies which facilitate cross-border transactions. This provides a solution to the variations in currencies which have made it difficult for people in different African countries to transact with each other. The innovation allows people to transact without the need for an intermediary which makes blockchain a trusted solution that could potentially solve the huge problem of corruption on the African continent.
UABA’s events are tailored events make it possible for attendees to accelerate learning around key emerging technology trends and present networking opportunities. The initiatives encourage community building and establish thought-leadership for companies looking to expand their products and services into local markets.
Cape Town was the natural choice for this themed event since it doubles as a prominent tech hub in South Africa and also offers out-of-town visitors plenty sites and activities to enjoy pre and post event.
The Bitcoin 2020 Party which is to be held on the 31st of January in Cape Town will be the first event on the UABA’s 2020 events calendar. The events promote uptake of blockchain-based products and services by boosting brand visibility for blockchain businesses and expanding ecosystem participation for various blockchain-based projects.
“The Bitcoin 2020 Party will be a celebration of our continued efforts to bring awareness to blockchain and cryptocurrencies by bringing together tech communities and digital entrepreneurs to share insights on some of the developments in the space,” said Grey Jabesi, UABA’s director of marketing and host of Africa’s top-rated technology podcast The Grey Ave Podcast.
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