Ethiopia is not lying doormat in the blockchain era as the East African country has decided to include the blockchain technology to its Ministry of Technology. The country is putting in all its efforts to identifying the prospects installing the blockchain technology will aid in advancing its monetary transactions. The Ministry of Science and Technology announced that it will be including the blockchain to the Ministry of Technology as the blockchain has various sophisticated mechanisms in easing money transactions with virtual currencies.
The Acting Director of the Ministry of ICT Development, Melese Ayalew announced that there is a plan to send over 100 high scoring female students abroad to get training on the function of the blockchain technology in the upcoming budget year. Countries like Kenya have already adopted the technology and various use cases to solve real life problems have already been created. Ghana is also using the blockchain technology to solve its land ownership and property registration problems.
Ethiopia needs to implement the technology to keep up with the current revolution the blockchain technology is effecting in the world. Melese explains,
“Monitoring the technology with efficient knowledge must be the prime focus of the country to curb shortcomings related to taxation.”
The ministry had signed an MOU with IOHK, a blockchain company to help in tracking its coffee. Now, the country wants to go forward in the adoption and implementation of the technology.
What do you think about Ethiopia creating a ministry of Blockchain technology? Share your opinion with us in the comment section below.
Image credit: Pixabay
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