A major new collaborative IBM project using blockchain and IoT tech to tackle drought is underway in the U.S. state of California.
Africa News
Africa is the second largest continent in the world in terms of both territory and population. There are 55 states located on the continent. Economies in Africa differs from country to country. In Africa, cryptocurrency tends to be sold with a large trade margin which can even reach 100% due to several reasons. Firstly, Bitcoin in Africa is very difficult to mine because of the climate and lack of infrastructure. Also, cryptocurrency is in big demand in Africa as national currencies are vulnerable to hyperinflation. Besides that, since there are only a small number of virtual currency retailers they are able to set high prices. The relative financial stability of digital money and the opportunities for profit make cryptocurrencies very popular in Africa.
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A company says it has seen growth in Africa, as consumers seek alternatives to unstable currencies.
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by Helen Partz
South African central bank has issued a jointly developed consultation paper, revealing that it does not intend to ban crypto.
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The two companies and several others are using blockchain to improve the traceability of cobalt and ensure ethical sourcing.
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The UN Office on Drugs and Crime has partnered with blockchain-based telemedicine and telepsychology firm doc.com.
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by Ana Berman
German state-owned bank KfW will trial its blockchain-driven app in Burkina Faso, where it also funds water supply and sanitation programs.
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by Helen Partz
IBM Research has teamed up with U.S.-based agritech firm Hello Tractor to boost the African agriculture industry with blockchain.
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The Union Bank of Nigeria has “advised that cryptocurrency is not a legal tender” in the country in a reported warning against crypto transactions.
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Japanese insurance company Sompo has partnered with pan-African crypto-enabled remittance platform BitPesa.
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Blockchain regulation should come as a result of joint governmental and industry efforts, a Tanzanian minister has said.
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Rwanda’s tantalum mining traceability will be improved by British blockchain startup Circulor in tandem with Rwanda’s government.
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Kenya’s government aims to use blockchain to ensure that affordable government housing will go to the rightful recipients.
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by Ana Berman
Binance will officially launch its fiat-to-crypto branch in Uganda this week, where the national currency will be traded with Bitcoin and Ethereum pairs.
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by Ana Berman
Time Magazine has put a blockchain startup from Ghana in its “Genius Companies” list for 2018, along with such companies as Apple, Netflix and SpaceX.
- Analysis
Sierra Leone is set to create a national, blockchain-based credit bureau.
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