Four African experts at the World Forum called for the use of digital tools to demonstrate African countries’ rights to, disbursement and use of public funds.
stands. Nigeria, South Africa and Ghana are the top three countries in the world for Bitcoin-related searches. This reflects how connected and willing African youth are to the latest technology to solve very real problems, in this case remittances.
Among these technologies, blockchain, the revolutionary invention that underpins the way Bitcoin works, has the power not only to help change the way financial transactions are done in Africa and beyond, but has the potential to change the way proper democracy works across the continent.
We know how candidates increase their commitment to better governance and rule of law guarantees during election time. From this perspective, governments can find it in their own interest to show voters that their governance is transparent and blameless. Blockchain can be a tool in this regard.
reliable and undisputed
As Montesquieu said: “Every man who possesses power is inclined to abuse it, and this is an eternal experience; he goes on until he finds the limit. (…) Virtue itself requires limits. (Spirit of Law), Garnier-Flammarion, 2019). However, just as blockchain allows companies to gain or strengthen the confidence of their employees, consumers, shareholders or bankers. If it is established and properly managed by countries, it can improve transparency to strengthen its governance.
The first feature of blockchain is that it is a reliable tool for digitally recording all kinds of information, including the recognition of rights holdings. What distinguishes blockchain from other methods of recording is its almost indisputable nature, as such information or rights are automatically verified and first accepted by all parties involved, or even just of interest, before being “set in stone” in some way.
Let’s take a concrete example. Each individual or family in the village can (sometimes already is the case) record the perimeter of the parcel of land they claim to own in a blockchain registry, provided their claim is recognized and accepted by other members. The same village.. In its current state of legislation, this digital register does not have all the legal force of a land register, but meets the customary title conditions (for simplicity, a peaceful occupation and considered legal) under many African land codes by the community other members)