Blockchain in African countries

1. Globally, governments have different attitudes towards blockchain and blockchain assets, but on the whole, they are still in the exploration period
European and American countries are actively monitoring. Germany is the first country to recognize bitcoin and other digital assets as private property. The US CFTC (US Commodity Futures Commission) has identified bitcoin as a commodity. The state of New York has issued three bitlicenses
the situation in Asia is different. Japan actively supports it. In April this year, Japan implemented the payment services act, officially recognizing bitcoin as a legal payment method
South Korea is actively monitoring. In July, South Korea's "bitcoin Regulation Act" came out, setting a threshold of 500 million won for investors
China has strict supervision. In September, the people's Bank of China and other seven ministries and commissions jointly issued the "notice on preventing the financing risk of token issuance", which stipulates that in China, trading platforms shall not engage in the exchange business between legal tender and "virtual currency".

2. All departments in the United States actively strive to lay out blockchains. The Department of justice held a digital currency summit. The stock exchange has approved the company's stock trading on the blockchain. The commodity futures trading commission of the United States regulates the blockchain and treats bitcoin as a bulk commodity; In addition, the UK released distributed ledger Technology: beyond blockchain; Russia put forward "block chain technology development roadmap"; Australian central bank wants to issue data currency; Japan held a special research conference on blockchain; The Central Bank of Korea issued the status quo and Enlightenment of distributed ledger technology and digital currency< On January 20, 2016, the Central Bank of China said that it would launch legal digital currency as soon as possible; In July of the same year, the Ministry of instry and information technology issued the letter on organizing and carrying out research on the development trend of blockchain technology and application; On August 11, the Ministry of instry and information technology issued a two-year plan for blockchain.

3. Australia, Japan and Canada are all developing well. For example, in Japan, even the government has begun to apply the blockchain technology. Some of their government affairs, such as government bidding, are completed on the blockchain platform. There are also high-quality blockchain government affairs platforms in China, such as the blockchain rental platform in xiong'an New District of Hebei Province, the blockchain government affairs platform in Chongqing, and the SMIC blockchain public service platform in Changsha of Hunan Province. They have done well and achieved good results.

4.

At present, there are quite a lot of MSB licenses in the United States. The bigger ones are Huo coin, coin an, and the smaller domestic second and third tier exchanges are all licensed. At present, the licenses are also a trend in the future. They are all moving towards standardization, and there are more than 20 applications for licenses every month

for example: US MSB, Estonia, Australia

5.

Load the coin and go overseas! Over the past few months, this seems to be the most popular topic among the smart minds in the currency circle

indeed, after the relevant ban, the innovators of the currency circle began to participate in the research of "currency" trading and "agent investment and private placement" and other hedging means, and made great achievements. However, this has not restrained the pace of many exchanges and money circle tycoons moving overseas, and the Machiya houses in Kyoto, Japan, and the cryptocurrency company registration applications in Minsk (the capital of Belarus) have also gone up

It's just that what's going up in Kyoto is the local house price (including the price of a big guy's house); And Minsk rises, it is its high-tech park (HTP) the intermediary company that agent registers offers

as soon as anything gets hot, the cost of all aspects will increase. So more intelligent people began to focus on Africa, an ancient and mysterious land

As one of the cradles of ancient human beings and civilizations in the world, Africa is also plagued by poverty and backwardness. Recently, this piece of land is being regarded as "the next blockchain center" by more people in the monetary circle. Many investors and entrepreneurs begin to shout, "blockchain related enterprises are constantly emerging here, and Africa, which is quite different from the traditional impression, may soon appear in front of people."

people always believe what they want to believe, even ignore the facts. From the current point of view, Africa should have a long way to go from the title of "blockchain center". If you want to go gold panning, you must think twice

we analyze it from four aspects:

the concept of management department is rigid

Cape Town is the second largest city in South Africa, which is famous for its beautiful natural landscape and wharf

just recently, a "blockchain Research Institute" was quietly established in Cape Town. According to media reports, the blockchain research institute does not do academic research. Its main work is to provide training services related to blockchain technology to some local start-ups. According to its insiders, they not only provide training services, but also provide blockchain consulting services to enterprises

in addition, the blockchain Research Institute has also carried out close cooperation with local financial institutions, including the Bank of Africa, Standard Bank of South Africa, etc. Interestingly, some managers of these banks have received relevant training in the "blockchain Research Institute"

in fact, this blockchain Research Institute is a very common ecational institution, and it is profitable. Its teaching ability is questionable. More importantly, there is no university offering blockchain related courses on the African continent, and there is no corresponding supply of blockchain talents. The vast majority of the people still know little about blockchain

in developed countries, blockchain courses have been implemented in Colleges and universities. According to incomplete statistics, dozens of universities such as Princeton University, Tsinghua University, Stanford University, Copenhagen University, MIT, Imperial University of London, Cambridge University and New York University have offered blockchain courses

if ecation can't keep up with it and there is no large supply of talents, the construction of instry will be inadequate. For the road of blockchain in the African continent, talent is a top priority

worrying about infrastructure

when it comes to blockchain, mining is an inevitable topic. Mining requires a lot of power consumption. The S9 miner usually consumes 1350 watts of power ring operation, which is equivalent to exhausting the life of a hair dryer

However, the price of electricity varies from country to country e to different factors, including local natural conditions, development level of proctivity and relevant welfare policies

according to a research result of an organization, the cost of mining in Africa is the lowest, and the average cost of digging out a bitcoin is $4626. The rest were South America (US $5456), Middle East (US $6249), Asia (US $6378) and Europe (US $6695)

does this mean that digital currency mining can be carried out on a large scale in Africa

The Research Report "people, power, planet" released by the African development group tells us the answer from the side: in Africa, one out of every three people has no electricity. According to the total population of Africa, about 621 million Africans have no electricity. According to its development trend, it will not be until 2080 for Africa to realize the power popularization of the whole continent. In terms of grid capacity, sub Saharan Africa is about 90 megawatts, which is even lower than South Korea, which has a fifth of its population

although the electricity price is cheap, the future of blockchain's large-scale implementation is unknown when the backward infrastructure has not completely rid the public of the problem of power shortage

content source: Phoenix Technology