Lorien Gamaroff, CEO of Bankymoon, based in South Africa participates in Risk Roundup to discuss Blockchain Applications for Emerging Economies.
Blockchain Applications for Emerging Economies
As the internet of things, blockchain, artificial intelligence, robotics, biometrics, and other technologies merge and converge, it seems clear that digitization has moved far beyond the machine-to-machine (M2M) process automation and has become a driving force of the digital global age. Across nations, the blockchain promise is getting visible and clear. It has raised expectations from everyone. This technology is not only making waves as a cryptocurrency, but its applications are expected to have a huge impact on individuals and entities across nations: its government, industries, organizations, and academia (NGIOA).
With the tumbling of boundaries between cyberspace, geospace, and space, the promise and potential of blockchain technology seem to have energized everyone. It is important to evaluate the impact brought on due to blockchain-driven technology transformation and the tumbling CGS boundaries.
Blockchain has the potential to supply nations with a trustable digital infrastructure for a fair and balanced economic ecosystem that is based on shared information and distributed trust that is transparent and trackable.
If we look at the nation’s economic system today, blockchain technology has the potential to transform the monetary ecosystem at all levels (local, national and global). Perhaps the most encouraging benefit of blockchain technology seems to be the incentive it creates for individuals and entities across NGIOA to work honestly where rules apply equally to all. It will be important to see how it is being received in emerging economies.
As we evaluate the above questions and more, it is important to realize that blockchain seems to be a much-needed digital infrastructure for socio-economic development across nations. While blockchains are causing a technology revolution across many emerging economies, including Africa, it is important to evaluate what else is necessary for the technology transformation to succeed. It is time to take a closer look at the potential of “blockchain”!
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About the Guest
Lorien Gamaroff is South Africa’s foremost blockchain expert. He has been invited around the world to speak on digital currencies and distributed ledgers and their benefits for emerging economies. He has addressed the IMF, World Bank, FBI and Commonwealth Secretariat, the South African Reserve Bank, and a host of banking professionals and attorney generals throughout the world. He offers insight and guidance to business executives and advises the government on blockchain technologies and their implications. He is also a co-founder of the Blockchain Academy which educates professionals on all aspects of blockchains from regulations to software development.
About Risk Roundup
Risk Group is a leading strategic security risk research and reporting organization.
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Reference Episodes:
The Rise of Initial Coin Offering (ICOs)- Risks and Rewards
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Protecting Cryptocurrency
Blockchain based Insurance Model for Managing Aging Infrastructure Risks
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Blockchain & Machine Learning Based Content Platform
Blockchain Based Risk Transfer
Blockchain Revolution – Risks & Rewards
Securing the Internet of Things using Blockchain Convergence
The Convergence of Blockchain and Internet of Things
Blockchain based Creative Content Collaboration
Applications of Blockchain Technology
What Should Bankers Know About Financial Technology
Blockchain based Network Security
Digital Transformation of Financial Industry
Will Blockchain Secure the Internet of Things
Advanced Phishing Attacks 