Blockchain Technology and the Development of African Economies: Promises, Opportunities, and the Legal Issues at Stake

Is E-voting Systems based on Blockchain Technology Efficient in Nigeria General Elections?

“…However, majority (78.9%) of the respondents as shown in statement 5 of Table 5 recommended the adoption of blockchain technology; thereby, invalidates our hypothesis. In [37], the authors postulate that blockchain is an evolving technology and stakeholders need to clarify their doubts regarding security, legal matters and overall effectiveness of the technology that will endear buy-ins of the populace and policy makers for adoption; thus agreeing with the hypothesis. [5,13,34], they argue that blockchain is gaining popularity due to its numerous benefits and areas of use.…”

“…The challenges, which has remained unsolved may be due to inefficiency in the existing voting system in Nigeria [26]. According to [37], the adoption of an effective technology into the Nigeria voting system could eliminate the challenges.…”

“…Consequently, majority of the people (78.9%) believe that biases of the policy makers could mostly inhibits the acceptance of new technology. In [37], the authors discussed about the adoption of new technology into the Nigeria voting system, They posit that the approval and disapproval by the policy makers is subject to the technology meeting the required standards, availability of funds amongst other things. Therefore, when it is disapprove for any reason, the policy makers could 7 EAI Endorsed Transactions on Security and Safety Online First be seen as hindrance to the acceptance of the proposed technology.…”

Afro-centric law and technology discourse

“…Scholars such as Gilwald ( 2019) caution against being caught up in the hype of the 4IR to the extent of overlooking the technological and developmental backlog that still confronts the continent. Building on the case made for the immense potential of these technologies some scholars then argue that the technology will save us if it is properly regulated, which requires that the legal implications should be carefully considered in the construction of a tailor-made regulatory approach for African jurisdictions (Butcher et al, 2021;Wilhelm, 2019). Several others have written on the regulation of the blockchain and cryptocurrencies.…”