President Museveni Chief Guest at Africa Blockchain Conference

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Uganda’s President Yoweri Museveni and President Julius Maasa Bio of Sierra Leone confirmed their participation at the Africa Blockchain Conference that will be held in Kampala (Uganda) on 3rd and 4th of July. The conference focuses on preparing Africa for the 4th Industrial Revolution showing technologies and innovations from around the globe. 

Guests of Honor

The Africa Blockchain Conference, one of the most important events in the African blockchain sector, will start on July 3rd and 4th. The event, organized by Cryptosavannah and the Blockchain Association of Uganda with the support of the Ministry of ICT and National Guidance, recently received confirmation from the State House for the presence of Uganda’s President Yoweri Museveni as well as President Julius Maasa Bio of Sierra Leone.

President Museveni participated in the previous edition of 2018 where he gave a presentation on how Africa is ready for digital transformation, explaining how Blockchain technology removes opaqueness in business and replaces it with total transparency. He believes that this technology could be used to improve the four sectors in the economy that produce goods and services such as Agriculture, manufacturing and processing Industry, Services sector and the ICT sector.

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President Julius Maasa, instead, is going to represent Sierra Leone one of the few nations inclined to use new technologies to improve their conditions in both public and private sectors.

This year the focus will be on “Africa 4.0:  Preparing Africa for the 4thIndustrial Revolution’’, what opportunities it presents, what threats it poses and how Africa can benefit from it.

In addition to the conference, there will simultaneously be the “Africa 4.0 Tech Expo,” a showcase dedicated to all the innovative projects and applications presentin Africa. The two events together will host around 3000 people, comprising the public and private sector, experts and leaders from global technology companies, entrepreneurs, innovators, students, youth and government representatives.

An Opportunity Africa Can’t Miss

The conference is an opportunity to bring together the leading crypto and blockchain experts in a state where these technologies could truly start a revolution.

Despite the clichés, Africa’s ability to absorb innovations is impressive. One of the recent cases is that of the M-Pesa, a money transmission scheme that allows users in Kenya and Tanzania to transfer money via text messages. Due to the high population of unbanked residents, the continent is trying to create easy banking solutions that can be used through a phone, and cryptocurrencies now represent the best solution to this kind of issue.

In early May 2019, BTCManager reported that Charles Hoskinson, launched an enterprise blockchain framework called “Atala,” in collaboration with the government of Ethiopia. The project aims to boost digital currency adoption and will provide real-world use cases such as property registration, voting systems, and supply chain.

This African interest is also reflected in Google searches history. Nigeria and South Africa are at the top of the list for googling bitcoin.

If this development continues to be sustained, Africa could capture the attention of individuals and businesses eventually leading to a mass inflow of capital that could reduce the gap between Africa and the most developed countries.

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