Ethiopia’s blockchain deal is a watershed moment – for the technology, and for Africa

At the launch of bitcoin in 2009 the size of the potential of the underlying technology, the blockchain, was not fully appreciated.

What has not been fully exploited is the unique features of blockchain technology that can improve the lives of people and businesses. These include the fact that it is an open source software. This makes its source code legally and freely available to end-users who can use it to create new products and services. Another significant feature is that it is decentralised, democratising the operation of the services built on it. Control of the services built on the blockchain isn’t in the hands of an individual or a single entity but involves all those connected to the network.
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