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.
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.
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.
It is of no new knowledge that the main predominance of the blockchain technology is the financial world and its various systems. The blockchain technology is so much involve in the financial world in such a way that it needs to have the highest security in terms of protection of user’s data and information.
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.
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?
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.
At this time of the year that every eye is focused essentially on the coronavirus, there are many things that could had been avoided like the cancellation of election and voting with the use of the blockchain.
It is a straightforward fact that the blockhain technology and cryptocurrencies could be of great use and magnitude to companies and enterprise, be it small or large scale enterprises.
The blockchain technology has no limits. When you think you have understood its functioning, it is at that very moment you turn to realize it is a technology of great magnitude.
