🌍 Africa’s Capital Markets are worth over $1.5 Trillion.
⛓️💥 Blockchain Tech, combined with strong institutions, can revolutionise these emerging markets, bringing prosperity and economic growth for the continent.
➡️ Spectrum of Adoption of Blockchain Technology: Implications for Emerging Capital Markets in Africa
By Dr. Clinton Osemwengie (Ph.D, FHEA) of University of East London UEL Centre of FinTech
This paper was first presented at the #BBA's Annual International Scientific Conference #ISC2025 in London on 4 April 2025:
lnkd.in/gyAAZP7G
✅ Key Takeaways:
1. Institutional Reforms Are Essential:
Blockchain offers transparency and efficiency, but in markets like Nigeria, historical governance failures (e.g., fraud and regulatory delays) mean tech alone isn’t enough - robust frameworks are needed to prevent risks like disintermediation eroding trust.
2. Hybrid Adoption Model Recommended: A spectrum from radical decentralisation to conservative integration exists; emerging African markets should opt for hybrid approaches that retain centralised oversight for asset custody and enforcement, drawing lessons from pilots like South Africa’s Project Khokha.
3. Balancing Innovation with Stability: Without reforms in accountability and enforcement, blockchain could exacerbate inequalities; pairing it with agile regulation and independent adjudication can drive inclusive growth.
✅ 📖 Read the Full Article – Open Access in The JBBA here:
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Spectrum of Adoption of Blockchain Technology: Implications for Emerging Capital Markets in Africa | Published in The Journal of The British Blockchain Association
By Clinton Osemwengie. This article discusses the implications of blockchain technology with a focus on governance, custody of assets and enforceme...

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