#How Cryptocurrencies and Blockchains Can Help Farmers Manage Risk#steemCreated with Sketch.

in hive-160342 •  4 years ago 

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https://syndicationbureau.com/en/cryptocurrency-blockchain-farmers-chainlink/

The hurdles to a free, open and efficient marketplace in many emerging nations, particularly those in Africa, are substantial and systemic. Some of these blockages stem from an excess of bureaucratic exuberance. But in extreme cases, governments are an active impediment to the smooth functioning of business, because of endemic corruption and mismanagement (South Africa and Zimbabwe come to mind). The best way to address this is to reduce human intervention. That means a greater dependence on the intermediacy that technology can offer. Now, the bull run in cryptocurrencies reveals how blockchain technology can be just that solution that reduces human input and thus impedes corruption. Coupled with the ubiquity of smartphone technology that makes phone accounts secure stores of money, blockchain is particularly suited to the African context.

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