Why blockchain is critical to SA’s VC investment landscape

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No business can ignore blockchain technology

Picture: 123RF/MONSIT JANGARIYAWONG

Blockchain and its evolving capabilities have been the remit of start-ups and NGOs. However, governments, regulators and big tech companies are now paying attention to how this technology gets used as a basis for economies built on decentralised finance, transparency and financial inclusion — all of which are limited in the current internet milieux.

In 2021 Google, Apple and Mozilla objected to one of the key open standards for self-sovereign identity, which threatened their entrenched positions.

 

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