The Permanent Secretary in the Prime Minister’s Office, Policy and Coordination, Prof Faustine Kamuzora (left), elaborating a point when he spoke to workers at the National Economic Empowerment Council in Dar es Salaam yesterday. With him is NEEC’s Executive Secretary Beng’i Issa. Photo: Guardian Photographer.
A recent survey of bankers found that more than 80 per cent expect to see commercial adoption of blockchain by 2020.There are clearly many potential uses of blockchain technology, including combating identity fraud and money laundering, improving know-your-customer systems, and speeding up cross-border payments, letters-of-credit processes and the granting of loans. File photo