The EVERPOINT & Venom 2023 conference also discussed the global prospects of blockchain technology and its potential to attract a significant number of users.
The positive result of the mass adoption of blockchain technology can be seen in the example of Kenya, the leader in technology advancements on the African continent, which:
🔵successfully implemented the M-Pesa mobile payment system, through which ~54% of the country's GDP now flows
🔵has entered into an agreement with the UAE to cooperate in various areas, including the use of blockchain technology to create stablecoin to improve inter-African trade turnover and stabilize local currencies
Experts believe the adoption of blockchain technology in sectors such as agriculture could benefit farmers through:
🔵better deal conditions
🔵increasing business transparency
🔵decentralization of the supply chain
💡 With the right infrastructure, partnerships and government support, blockchain can change various sectors of developing economies and bring innovative solutions to their problems.
In turn, this will add even more popularity to blockchain technology itself and be another important step for its global mass adoption.