Akin Sawyerr, founder of Feleman Limited, an Africa-focused impact investment and advisory firm based in the Washington, D.C., area, spoke to CoinDesk at the Digital Money Forum.
His message? That decentralized finance and governance can rebuild economies all over the world.
"I have geographical purview over Africa. So a lot of what I've been working on is identifying opportunities around Africa," he said at the forum held at CES 2020 in Las Vegas.
"One of the big challenges you see across Africa is governance. And wherever you have weak governance you have more transaction costs. We believe that cryptocurrencies and crypto networks will have a lot of applications across Africa."
Ultimately, he said, weak governance makes it harder to get things done.
It makes business deals more expensive and less interesting to outside investors.
"We're sort of at the point where people appreciate the methods of governance at Decred," he said, referring to the company he works for that's behind the digital currency of the same name.
Instead of selling solutions to the U.S., he expects places like Africa to be early adopters for blockchain-based governance solutions.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Decred's Akin Sawyerr Says Blockchain Is Part of Africa's Political Future
Publicado en Jan 16, 2020
by Coindesk | Publicado en Coinage
Nasdaq-listed Bitcoin miner hit by coronavirus, records a 50% drop in revenue
The Bitcoin industry has not been spared from the ill-economic effects of the ongoing coronavirus pandemic.
Blockchain-based fantasy soccer game Sorare signs on Paris Saint-Germain
French soccer club Paris Saint-Germain hasn't dropped the blockchain baton just yet, with the club now set to issue player collectibles as rare tokens.
Venezuela sees its first Blockstream Bitcoin satellite node
"Users can't afford to be cut off from the Bitcoin network."
Bitcoin 'difficulty ribbon' chart hasn't been this bullish since March
Bitcoin simply needs history to repeat itself to see significant price rises, according to two indicators now flipping bullish.