Leveraging Blockchain for Sustainable Global Development - A CV VC Africa Perspective

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As a frontier technology VC firm committed to enabling technology to drive a sustainable future, CV VC invests in teams that leverage blockchain technology to enhance productivity, efficiencies, and economic resilience. With investments in 14 African trailblazers, we are committed to shaping the continent's blockchain prowess.

In tandem, we prioritize awareness of Africa's tech impact by hosting the CV Summit Africa Series and an annual CV VC African Blockchain Report. The 3rd edition of this report, co-publishes by ABSA Corporate & Investment Banking, offers a comprehensive overview of key trends, data, and industry players across the African blockchain ecosystem. It highlights recent African investment shifts toward Centralized Blockchain Financial Services and Decentralized Finance. It presents an in-depth overview of Africa's regulatory landscape which has witnessed a significant development, expected to drive innovation with assuredness for both pioneers and investors.

The much anticipated 3rd edition of the African Blockchain Report shows that previously, crypto was implicitly banned in 36 countries but is now reduced to 8. The report underscores Africa's emerging role as a hub for financial tech transformation not only for Africa but on a global scale. To download this free report - see here.

Africa's Grassroots Blockchain Approach

CV VC's firsthand experience with Africa's blockchain landscape reveals a forward-looking approach grounded in decentralized solutions. In the African context, a significant appeal of blockchain technology is that it is both cost-effective and efficient, for which there is a real need to accelerate the continent’s socio-economic growth.

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Firstly, Africa is sharply focused on decentralized applications to offer more efficient innovations for achieving various development goals. This differentiates it somewhat from other regions, which are still concerned with legacy centralized systems and how to evolve these to interact with the new decentralized ones. In Africa, decentralized operations frequently emerge from scratch, independent of older, and sometimes non-existent, prior systems. This grassroots approach underscores the continent's commitment to embracing cutting-edge solutions tailored to its unique context that have far-reaching benefits for global goals.

Secondly, Africa is focused on blockchain as the technological backbone for enabling financial inclusion. Thirdly, it is using technology to increase efficiency in international transactions to reduce the cost of transactions and promote commerce. Lastly, blockchain in Africa is used as a general-purpose technology akin to the Internet, driving a new wave of technological and economic transformation. Blockchain technology is embraced in Africa as a solution, a driver, and a catalyst to reach goals. 

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African Advances on Blockchain to Achieve Development Solutions

Our world grapples with numerous challenges, necessitating sustainable solutions for the planet and humanity. Blockchain-based innovations are crucial in advancing a better future on multiple fronts. The United Nations' 17 Sustainable Development Goals (SDGs) serve as a benchmark framework for ensuring our collective sustainability. Here, we highlight compelling examples of how blockchain technology in Africa, actively advances the achievement of two of these global goals, drawing from tangible developments which we have invested in, on the ground in Africa.

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No Hunger Goal
Shamba Records is a prime example of using blockchain to tackle the UN’s No Hunger Goal by revolutionizing Agriculture in Africa. Shamba offers a real-time data collection tool to unleash credit access to farmers and a farmer's wallet, facilitating seamless credit processing and payments. This in turn enables farmers to have the resilience to ensure food production efficiently. Farmers on Shamba Records have experienced a 25% income and yield growth. Besides that, Shamba endeavors to help the African Continent's Agriculture sector to hit the 1 Trillion US Dollars valuation by 2030.

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The No Poverty Goal means that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology, and financial services, including microfinance. Nigeria’s Ivory Pay is one such company that is driving financial efficiency to alleviate economic barriers, and so fight poverty. It has built a payment gateway for African businesses, that enables payment in stable crypto across borders at cheaper fees and without FX restrictions, thus alleviating costs where cross-border payments in Africa are still one of the most expensive in the world-costing an average of 8 to 10% of the value of each transaction.

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Many countries around the world have grappled with the challenge of landlessness and inequality of land ownership. However, in Africa, which has 202 million hectares or half the world’s total holdings of useable uncultivated fertile land, it is estimated that only 10 percent of Africa’s rural land is registered. The remaining 90 percent is undocumented and informally administered. Fixing this is paramount so the fertile land can create food and income sources. House Africa SyteMap is providing solutions leveraging blockchain, to help issue verifiable certificates of land allocation with ease.
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Moving Forward in Africa with CV VC ‍

CV VC is committed to positioning Africa at the forefront of the global sustainable development agenda, driving economic growth, and resilience through blockchain technology as a catalyst to solve real challenges. 

To invest in Africa, alongside CV VC, visit - https://www.cvvc.com/investors‍

To learn more about blockchain's current dynamics, see The African Blockchain Report