Article: Tech News: Blockchain could make supply chains more efficient

Blockchain, Governance, Innovation

Blockchain solutions are not easy to implement but they are highly desirable for governments and businesses in developing countries, who have long been overwhelmed with issues surrounding data collection, organisation and integrity. Picture: Reuters/Dado RuvicTech News: Blockchain could make supply chains more efficient

Using blockchain technology to digitise, secure and keep track of records will not only avoid the issues around information mismanagement that many institutions struggle with, but could also curb corruption and restore trust in the public sector, which is at an all-time low among many African citizens.

Many companies across the globe are therefore taking a huge interest in the potential Africa has to offer in terms of market growth for blockchain products.

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Article: Tech News: The infinite applications of blockchain technology

Blockchain, Innovation

Many believe that blockchain will eventually eliminate the need for intermediaries in transactions and will transform not just our financial systems, but the whole economy, energy markets and supply chains. Photo: PixabayTech News: The infinite applications of blockchain technology

The advent of the Internet has forever changed the way in which we share information. Blockchain is now changing the way we transact.

This form of distributed ledger technology (DLT) that employs state-of-the-art cryptography to store data across peer-to-peer computer networks, has been branded by many technology enthusiasts as the solution to almost every challenge known to mankind. Many believe that blockchain will eventually eliminate the need for intermediaries in transactions and will transform not just our financial systems, but the whole economy, energy markets and supply chains.

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