As a result of the covid-19 pandemic, many governments enforced lockdown in the countries or cities with the aim of slowing down the spread of the virus in the different spheres of their life. This lockdown has impacted seriously private as well as public businesses.
Coming from the Central part of Africa where life seems more difficult financially as compared to other African countries, any technology that improve our lifes will be the most welcomed.
With the coming into play of digital currencies that commonly and always work out as a decentralized market infrastructure constructed on standards-based Web3 technology, it subsequently limit the need of reconciliation, heavily improve the flowing of information, give financial market infrastructure operators necessary tools to control and overview.
As the coronavirus is taking a hard punch on the global communities, many countries are seeing their economy on an imaginable recession they could had never imagine happening to them in this era of discoveries and permanent and continuous innovation.
Nowadays, the main discussion turns around the blockchain technology and help it is manifesting itself around the crisis that is happening at the moment.
Now, everything takes place between the buyer and seller in all security as functions that were being done by banks and lawyers like payments, listing and legal documentation is now being done by platforms using as technology, the blockchain.
With world in general switching more and more towards digitization during this time of lockdowns in some countries and continents as others are uplifting their lockdowns and limiting their restrictions that were put in place as a way to combat or limit the spread of the coronavirus, what will then be the future of the blockchain technology?
Like many other domains and aspects, the supply chain management has been heavily hit as it is in search of solutions in order to remedy what is for the moment difficult to remedy. The covid-19 pandemic has caused major disruptions in the world in terms of global supply chain.
The blockchain technology is a moving technology. It is a technology that do not have a start point nor an end point. The blockchain technology is a technology on its own.
Due to social distancing being imposed everywhere in all milieux, one has to adapt and manage to get out the best of what is available. The blockchain technology is really a blessing to mankind during these moments of uncertainty. In order to speed up regulations, distributions, logistics, instead of relying on a paper based work verification, the need was there to shift to a blockchain based verification system.
