Blockchain Research Institute (BRI), a global blockchain think tank, has expanded its work in Africa thanks to its collaboration with Standard Bank, Africa’s largest bank.
BRI Africa, an alliance of policymakers, academics and researchers, has been established to conduct groundbreaking research on blockchain technology. This will bridge the gap between real market needs and technological functionality.
The institution has thus taken on over 100 projects to identify strategic opportunities, challenges and the impact of blockchain technology on business, society, and government.
The think-tank will make educational deliverables available in the form books, webinars and conferences to help spread the knowledge that has been accumulated across the country.
A online course is also available through the BRI with Europe’s top-ranked business school, INSEAD, and Coursera. Coursera is the largest online education platform.
Although crypto transactions are not allowed by financial institutions, the majority of African banks have become aware of the potential for cryptocurrencies. Standard Bank is Africa’s largest bank, and is eager to unlock the potential of crypto in Africa.
Ian Putter, Head of Blockchain explained that the bank is exploring blockchain for speed and transparency. He stated: “Standard Bank Group is a leader in the leveraging distributed ledger technology and blockchain to bring transparency and speed to our large and rapidly growing customer base across Africa.”
Through the Africa Blockchain Incubation Program (Blockchain Research Institute), Blockchain Research Institute will facilitate business ideas related to blockchain technology.
BRI Africa reports that the program is currently available for Zimbabwe and Egypt and offers resources to new founders for scaling up and launching a startup.