West Africa is home to an estimated 381 million people and counting. Unfortunately, the region was also found to be a hotspot for climate change, which will likely impact crop yields and food production while causing damage to its unique wildlife.
At the same time, West Africa is well on its way to becoming the next blockchain hotspot as well, with the region continuing to show interest in cryptocurrency and digital solutions. In 2019, Nigeria ranked as the number one country for Bitcoin searches on Google (NASDAQ:GOOGL), which may be linked to the prominence of fintech adoption across the continent. For example, according to the Ernst & Young 2019 Global Fintech Adoption Index, one of the countries leading the push, South Africa, ranks as the fourth-largest emerging market by interest in fintech.
A blockchain project collecting weather data
Cryptocurrency incentives for collecting weather data
Regulatory challenges remain
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