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How blockchain is driving sustainable development in Africa

Blockchain funding on the African continent is increasingly going to DeFi and other financial services startups. The founder of the Swiss venture firm CV VC explores how blockchain technologies are serving the world’s youngest, fastest growing population.

As we advance into the fourth industrial revolution, blockchain technology is emerging as a transformative force, reshaping interactions and transactions globally. Originally developed for cryptocurrencies, blockchain now promises to address some of the world’s most pressing sustainable development challenges.

At its core, the features of blockchain — decentralization, transparency, and enhanced security — foster trust by creating a tamper-resistant system for recording transactions. This reliability is particularly crucial on the African continent, where blockchain technologies are driving social and economic progress by ensuring the secure and efficient exchange of information, the storage of data and the fulfillment of related transactions.

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Author

  • Mathias Ruch is founder and CEO of CV VC and CV Labs, an early-stage venture capital investor with a focus on startups that build on blockchain technology. In addition to 75 startup investments to date, CV VC operates its own accelerator and international ecosystem business. As initiator of the Swiss Blockchain Federation, he leads the internationalization of Switzerland’s expertise. As an entrepreneur, he has founded, managed, and successfully exited several companies.

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