Exploring the Adoption of Blockchain Technology in Africa: Insights from Direct Observation and Literature Review

Mboungou Mouyabi Seke*
University of the Witwatersrand, Johannesburg, Republic of South Africa.
Periodicity:January - June'2024
DOI : https://doi.org/10.26634/jmt.11.1.20456

Abstract

This study explores the implementation and use of blockchain technology in diverse sectors throughout Africa. The blockchain technology has garnered international recognition owing to its capacity to revolutionize business operations, improve transparency, and foster socioeconomic progress. Nevertheless, the application of this technology in Africa presents distinct challenges and possibilities. By employing both firsthand observations and a review of the existing literature, this study seeks to present a thorough understanding of the present status, obstacles, and potential linked to the integration of blockchain technology in Africa. This paper draws upon perspectives from various reputable sources within the realm of blockchain technology integration. The objective of this paper is to provide a nuanced understanding of the hurdles, possibilities, and factors that impact the adoption of blockchain technology in Africa. This study adds to the current body of literature by illuminating the unique circumstances surrounding blockchain adoption on the African continent, thereby enhancing the global conversation on this topic.

Keywords

Blockchain Technology, Africa, Adoption, Direct Observation, Literature Review, Socioeconomic Development.

How to Cite this Article?

Seke, M. M. (2024). Exploring the Adoption of Blockchain Technology in Africa: Insights from Direct Observation and Literature Review. i-manager’s Journal on Mobile Applications & Technologies, 11(1), 41-54. https://doi.org/10.26634/jmt.11.1.20456

References

[8]. Andreev, R. A., Andreeva, P. A., Krotov, L. N., & Krotova, E. L. (2018). Review of blockchain technology: Types of blockchain and their application. Intellekt. Sist. Proizv, 16(1), 11-14.
[11]. Barski, C. (2019). Distributed Ledger Registry System. Google Patents.
[19]. Clohessy, T., & Acton, T. (2019). Investigating the influence of organizational factors on blockchain adoption. Journal of Fintech, Blockchain, and Smart Contracts, 2(3), 17-20.
[21]. Demir, S. (2023). Blockchain technology. In Smart and Sustainable Operations and Supply Chain Management in Industry 4.0 (pp. 367-384). CRC Press.
[24]. Fehder, D., & Hochberg, Y. (2014). Accelerators and the regional supply of venture capital investment. SSRN Electronic Journal (pp. 1-40).
[29]. Karame, G., & Bohli, J. M. (2019). System and method for secure transaction verification in a distributed ledger system. Google Patents.
[30]. Kirillova, E. A., Bogdan, V. V., Filippov, P. M., Tkachev, V. N., & Zulfugarzade, T. E. (2020). The main features of blockchain technologies classification. Compusoft, 9(10), 3900-3905.
[34]. Kumar, T., & Kaur, S. (2022). Blockchain technology: Present and future perspectives. In Applications, Challenges, and Opportunities of Blockchain Technology in Banking and Insurance (pp. 258-265). IGI Global.
[39]. Matlebjane, D. A., & Ndayizigamiye, P. (2022). Antecedents of the adoption of blockchain to enhance patients' health information management in South Africa. South African Journal of Information Management, 24(1), 1-9.
[42]. Mhlanga, D. (2023b). The pivotal role of blockchain technology in Africa's development: A comprehensive review. SSRN (pp.1-18.)
[45]. Mthimkhulu, A., & Jokonya, O. (2022). Exploring the factors affecting the adoption of blockchain technology in the supply chain and logistic industry. Journal of Transport and Supply Chain Management, 16, 750.
[46]. Muzammil, M., & Vihari, N. S. (2020). Determinants for the adoption of regulatory technology (regtech) services by the companies in United Arab Emirates: An MCDM approach. In Central Electricity Regulatory Commission (CERC) (pp. 397-413).
[51]. Pierce, R. D., Madhavan, A. S., & Liberman, S. (2021). Blockchain including linked digital assets. Google Patents.
[54]. Sabry, S. S., Kaittan, N. M., & Majeed, I. (2019). The road to the blockchain technology: Concept and types. Periodicals of Engineering and Natural Sciences, 7(4), 1821-1832.
[56]. Sial, M. F. K. (2019, June). Blockchain Technology – Prospects, Challenges and Opportunities. IEEE Blockchain Technical Community.
[62]. Thomas, R. H., & Castinado, J. B. (2018). Distributed ledger system for providing aggregate tracking and threshold triggering. Google Patents.
If you have access to this article please login to view the article or kindly login to purchase the article

Purchase Instant Access

Single Article

North Americas,UK,
Middle East,Europe
India Rest of world
USD EUR INR USD-ROW
Pdf 35 35 200 20
Online 35 35 200 15
Pdf & Online 35 35 400 25

Options for accessing this content:
  • If you would like institutional access to this content, please recommend the title to your librarian.
    Library Recommendation Form
  • If you already have i-manager's user account: Login above and proceed to purchase the article.
  • New Users: Please register, then proceed to purchase the article.