Digital identity for Africa: Future technology conquers emerging continent

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Since the successful run of Bitcoin and other currencies, crypto and blockchain technology have been the talk of the town. But reducing them to Bitcoin

In the shadow of Bitcoin, more technically mature cryptocurrencies have developed whose revolutionary potential is now becoming visible.

Their IDs will be stored in a decentralized manner on the Cardano blockchain, documenting grades and degrees. The solution to this problem was to be a cryptocurrency based on blockchain. In this way, the payment system was created not only secure and fast, but also completely anonymous – each transaction takes place only between one and the other party , and also this solution removes all geographical restrictions.

Increasingly and willingly, they have recently been testing blockchain-based platforms, giving them better opportunities to introduce different types of innovations. For this reason, Cardano is not rolling out its practical applications in technically saturated countries, but where the benefits and thus the impact of the innovation are greatest.

The areas of application are large: the global remittances of the diaspora to their families totaling around 415 billion dollars per year are to be made via cryptocurrencies without any charges.

 

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