South Africa: the Blockchain as a Chance against unemployment?
Many opportunities to make Blockchain-experts, in views. In South Africa, you can see options in the fight against rising unemployment figures.
Africa in General is a good market for crypto-currencies?
A result of the developments around the Corona Virus, or inspection with a view on the chances of the Blockchain? These days, it is never exactly obvious why countries and companies want increasingly to the possibilities of the Blockchain technology trust. While the strategy in Germany, at least seemingly, because of the struggle against the economic impact of the Virus on ice, doing what in South Africa. The economic developments competent presidential Commission is trying to use the Blockchain increasingly faster in their own activities to integrate. At least the Commission is to be paid according to the current state of things, in the view of the Blockchain could make a contribution to reducing unemployment in the country. That South Africa is taking a leading role in terms of acceptance in the world, is rather unlikely.
Nevertheless, it is another important sign that States the Blockchain, and thus you based currencies, such as Bitcoin or Ethereum to the food. High time it is all, if you look at the current developments on the stock markets. The unemployment rate in the crisis-hit country is high.
The conference seeks to open new areas
The last organized Blockchain conference on the African continent, provides hope. The construction industry in the Region is a sector in which the technology can identify opportunities. Also, taking into account the gross domestic product of the countries of Africa, there are a number of voices have pointed to the potential benefits of the Blockchain. An important issue: The fight against corruption, which is, above all, South Africa continues to be a major issue, as Mpho Dagada mentioned as a member of the so-called “Presidential Commission on the Fourth Industrial Revolution (4IR)” in the framework of the talks. In the area of mining, the Blockchain could provide data transparency. Because that could be guaranteed for traceability of the trade with South African raw materials. In addition, Mpho Dagada believes that there are opportunities to tie economic talents of the country to the Region. South Africa has been suffering from longer including that leading heads of the business leave the state.
Are Coins provide, in General, the solution to African economy?
And abroad to work under better conditions and earn good money. South Africa’s government has positioned itself at the same time, crypto-currencies like BTC, Litecoin, or Dash to open than some of the Western Nation. It is important, of course, that companies and Startups adhere to state regulations for the regulation. The CSIR – the Council for scientific and industrial research – has taken on the task of development and to explore application possibilities of the Blockchain and demand projects, and promote. The government itself is considering its own applications. The “South African National Blockchain Alliance” to reflect, starting in April, on tax relief for companies, the Region and the country as a Blockchain-service provider Loyalty. This could apply to both crypto-exchanges, Wallet services, and General provider of the Blockchain-industry.
Featured Image: By Peshkova | Shutterstock.com
