The article discusses the current state and potential future of blockchain technology adoption in Africa. It highlights how blockchain technology could address some of Africa's challenges, such as cross-border payments, inflation hedge, healthcare, agriculture, intellectual property protection, and election management. The excitement about blockchain has mellowed, but experts believe that it is not just a nice-to-have but an essential solution for Africa.

The next generation of blockchain technology is expected to be driven by builders who focus on solving real African problems rather than mirroring Western behaviors. Banking cross-border payments is seen as a great opportunity for blockchain technology in Africa if the user experience is simplified. Traditional financial institutions are also adopting private blockchains in different African countries.

Experts are optimistic about homegrown blockchain infrastructure, where startups develop tools for others to build financial products. Decentralized finance (DeFi) is highly anticipated, enabling fractional asset ownership, cross-border investments, lending, and crowdfunding.

Despite some waning funding deals and startup shutdowns, early-stage investors remain optimistic about blockchain's potential for financial inclusion, healthcare, e-commerce, gaming, and entertainment in Africa. African governments have shifted from banning cryptocurrencies to embracing blockchain technology in sectors like fintech, healthcare, and education, presenting a promising landscape for builders and investors in the blockchain ecosystem.

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