What is Decentralised Finance? Decentralised Finance (DeFi for short) is a financial system built on public blockchains such as BitCoin and Ethereum. Blockchains refer to a list of data records that work as a decentralised digital lender. The data in a specific blockchain is organised into blocks, which is chronologically arranged and secured by cryptography. The oldest and safest blockchain [...]
Technology continues to challenge the legal system and sometimes laws battle to keep up with the speed at which technology is changing, and the various new technologies that are launched. The Tech Legal Matters podcast explores cybersecurity, privacy, and data protection and other similar topics at the intersection of technology and the law. Subscribe to this podcast, published by iAfrikan [...]
Sub-Saharan Africa has a 70% unbanked population.[1] This statistic indicates there exists the enormous potential for the adoption of blockchain-based solutions as an alternative to traditional payment options. Access to traditional services is one of Africa’s biggest challenges and making use of blockchain would improve access to financial inclusion. So, as this term blockchain garners popularity within businesses and governments [...]
It is interesting to note that there is now a growing number of places around the world that are refusing to accept paper money payments. There are even communities that exist where merchants often frown upon using paper money. Take the declining use of cash in Sweden, Kenya and China for example, South Africa may not be too far behind. [...]
