Africa Deploys Blockchain Technology to Fight Corruption

Africa Deploys Blockchain Technology to Fight Corruption

The African government has announced its affirmative belief that blockchain will curb corruption and ghost workers in public sectors. The Tanzanian government has turned to blockchain technology to address such problems.

As per sources, ghost workers draw around $195.4 million as salaries which is huge. Therefore, along with Tanzania, countries such as Uganda, South Africa, Ethiopia, Nigeria, Ghana and other African nations are trying to adopt the decentralized ledger technology (DLT) to fight against corruption issues.

The Reserve Bank of South Africa is testing an Ethereum-based blockchain for bank-to-bank transactions. Earlier in June 2018, the Kenyan government had declared its plans to use blockchain technology to supervise the building of 500,000 homes for its citizens by 2022. In July 2018, the government of Ghana partnered with IBM to develop DLT platform for administration of land registrations.

Furthermore, Nigeria’s customs service department has started using DLT with an intent to combat corruption and boost revenues by 50%. Also, Ambrosius, a public DLT & IoT company in Madagascar, has partnered with Premium Goods, a French flavouring firm, to provide quality assurance for bourbon vanilla.

 

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