The government is interested in cryptocurrencies such as bitcoins, which means that most virtual currencies, economic system and authorities financial models are cashed without joining a residential bank. Citizens can transfer large sums of tax without the knowledge of the authorities while avoiding or facilitating the payment of taxes.
This article will explore two specific examples in health/birth records and education, areas that can set African countries ahead in the right direction if blockchain technology was adopted.
African is well known for its mineral wealth many of which is rare, expensive, and in high demand. However, Africa is also well known for civil strife especially in areas where these minerals are found. One mineral that was recently classified as a conflict mineral is tantalum.
The term “smart” in smart contracts may well excite many readers to think they are the ultimate solutions. Perhaps you may think of smartphones and what they are capable of doing. You use smartphones to surf the net, send emails, watch movies, conduct zoom meetings, transact, take pictures and videos, learn, teach, and many other everyday conveniences. While that is smart indeed, does the same apply to blockchain’s smart contracts in their current form?
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