How Africa can leverage blockchain technology for growth

Blockchain technology has been a topic of hot debate recently, especially amidst the volatility in the market. Despite facing bankruptcies and liquidity issues, the technology continues to hold promise, particularly in transforming emerging markets like Africa. Ernest Mbenkum, the Founder of Bantu Blockchain Foundation and CEO at Interstellar, shared his insights on the potential of blockchain technology and the challenges it faces. Mbenkum highlighted the significance of blockchain beyond cryptocurrencies, emphasizing its role in financial inclusion, security, lower business costs, and empowering African youth in raising funds for their businesses. While acknowledging the volatility of cryptocurrencies, Mbenkum sees regulations as a key mechanism to stabilize the market and attract institutional players. As regulators around the world become more engaged, the future of blockchain technology looks promising. However, educating investors and implementing proper governance models remain crucial in mitigating risks and ensuring the sector's long-term success.