Blockchain, Digital Assets and Cryptocurrency

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On Sale May 17 at 12:00 AM
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Blockchain, Digital Assets and Cryptocurrency: Empowering the East Africa youth to solve regional and global problems.

About this Event

East Africa Blockchain is a blockchain event dedicated to the business of Blockchain, Distributed ledger technology(DLT), and crypto economy connecting policy makers, tech innovators, Researchers and the youth to understand the challenges and opportunities of our blockchain future.

Blockchain technology aims to organize Peer to peer transactions and information flows without intermediaries with character of transparency and immutability.

As per PWC report, Blockchain technology has the potential to boost global GDP by $1.76 trillion over the next decade while Cryptocurrencies have become a multibillion dollar industry.

Cryptocurrencies are the first and therefore the most developed application of blockchain technologies.

While the initial use case of the technology was in the finance sector, we are seeing more use cases in the world of manufacturing, agriculture, healthcare, supply chain and logistics.

According to a report from Agridigital, using blockchain could solve many of the agriculture industry's existing shortcomings leading to improved product tracking and providence of commodiestes, efficient supply chain management, fair pricing,decreased transaction fees, land management and affordable access to finance to farmers while minimizing high risks.

Further, with Industry 4.o technology platforms such as IOT, Robotics, and AR, it has potential to be more impactful.

In 2019, Chinese President Xi Jinping openly asserted “blockchain plays a core role in the next round of technological innovation and industrial transformation”, and pledged to increase investments in basic research and advancements in the technology.

Developing countries such as India, Kenya, and others in East Africa are also discovering an increasing array of applications for blockchain that guarantees secure and peer-to-peer mechanisms for verifying information.

While encouraging innovation to boost national competitiveness and facilitating legitimate cross-border trade, Crypto currency and blockchain technologies also pose a range of policy challenges for the continent.

Therefore, the workshop aims to deepen understanding of Blockchain & crypto economy to tackle challenges such as policy, infrastructure, human capital and investments to leapfrog the Africa continent to the 4th industrial revolution and collaborative economy while supporting the Africa 2063 agenda including Africa continental free trade agreement (AFCFTA).

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