Global blockchain think tank, Blockchain Research Institute (BRI) has expanded its work on the continent courtesy of its cooperation with Standard Bank, one of Africa’s largest banks.
This partnership has introduced BRI Africa which brings together policymakers, academics, researchers, and entrepreneurs to carry out ground-breaking research on blockchain technology, bridging the gap between the real market need and the technological functionality.
As such, the institution has taken on more than 100 projects with the intention of identifying strategic opportunities, challenges, and impact of blockchain technology in business, society and government
In a bid to distribute knowledge gathered across the country, part of the think-tank’s role will be making available educational deliverables in the form of books, webinars, and conferences.
An online course will also be available, courtesy the BRI with Europe’s top-ranked business school, INSEAD and Coursera, the largest platform for online education.
While financial institutions have been restricted from facilitating crypto transactions, major banks across the continent are aware of the potential of cryptocurrencies – and it is no surprise that Standard Bank, Africa’s largest bank by assets is keen on unlocking the potential in crypto in Africa.
The Head of Blockchain, Ian Putter, explained the bank is looking at blockchain to improve speed and transparency. He said: “Standard Bank Group has been a leader in leveraging distributed ledger technologies and blockchain to bring speed and transparency to our large and fast growing customer base across Africa.”
Blockchain Research Institute, through the Africa Blockchain Incubation Program, will also facilitate business ideas around blockchain technologies.
According to BRI Africa, the program, currently open for Zimbabwe and Egypt, is offering resources for new founders to utilize in the launch and scale of a startup.
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