Five African tech trends to look out for in 2018

Tuesday, January 9, 2018

1.) Land registry you can’t tamper with

The idea: Documentation is often lacking in parts of Africa, leading to land disputes because it isn’t clear who owns the land. Even when there are records, sometimes they have been tampered with. A record that cannot be deleted, using something called blockchain, could be used to prevent these disputes. Blockchain is a method of recording data – a digital ledger of transactions, agreements, contracts – anything that needs to be independently recorded and verified. What makes a big difference is that this ledger isn’t stored in one place, it’s distributed across several, hundreds or even thousands of computers around the world. Everyone in the network can have access to an up-to-date version of the ledger. So it can be an open, transparent auditable and verifiable record of any transaction.

The application: Cybersecurity company WISeKey is using blockchain technology for the land registry in Rwanda.

What happened in 2017: WISeKey announced a partnership with Microsoft to support the Rwandan government in adopting blockchain technology, reports technology news site Cryptovest.

What can we expect for 2018: The first step in adopting blockchain in Rwanda is digitising the Rwanda Land Registry, iAfrikan tech blog reports. The company is opening a blockchain Centre of Excellence in Rwanda, reports the New Times, which could go as far as developing a Rwandan cryptocurrency, similar to Bitcoin.

Photo courtesy of Erik Hersman.

Source: BBC News (link opens in a new window)

Categories
Technology
Tags
cybersecurity, fintech, global development