Blockchain technology on the rise in Rwanda | The New Times

The Global blockchain Association (GBA) has entered a 5-year partnership with Africa Blockchain Institute currently operating in Rwanda. The deal aims to roll up ground for the emerging technology behind the Bitcoin network.

GBA is a global community helping governments and organisations around the world to understand, implement, and benefit from blockchain technology.

Ghana-based, Africa Blockchain Institute in January opened in Rwanda, becoming the first institution to offer professional courses on blockchain in the country.

Its Executive Director, Kayode Babarinde said the partnership will scale up blockchain infrastructure across Africa, starting from Rwanda.

“The infrastructure is already being set-up, with experts working around governance and understanding of Blockchain. Now the deal is to extend activities to Africa, being the major benefactor of Blockchain Technology, with focus on governance systems and operations,” Babarinde said.

Described as an open, distributed ledger, blockchain is a record-keeping technology which ensures more transparency and decentralization for transaction of value.

Striving to spearhead the penetration of digital technology on the African continent, Rwanda becomes the partnership’s centerpiece because it knows some corners of the house, said the blockchain expert.

Currently, a handful of projects are known to run through this technology in the country. They include mineral tracing and Spenn, a money transaction mobile app. This paper has learned that other projects are running in the pipeline under the ICT ministry, including a blockchain-based gorilla trekking mobile game.

Despite moderate developments, however, some countries have been criticized for being slow in unlocking the opportunities that blockchain has to offer.

Jean Bosco Ahorukomeye, a Rwandan lecturer at Zigurat Innovation and Technology Business School, University of Barcelona, Spain, points out the latency results…

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