Many young Africans are taking advantage of the opportunities around blockchain technology to create a future for themselves. This is a trend that is growing in popularity, considering the economic struggles around the region. This category of people are finding independent ways to empower themselves without waiting for the almost non-existent government opportunities.
In a previous article, we revealed how the Nigerian Police Force (NPF) is being sensitized about the emergence of this non-traditional industry. An understanding of this development will foster a more cordial relationship between the tech generation and the law enforcement agencies. Perhaps, there could become a proper understanding of the difference between internet employment and online criminality.
There’s a Place For Everyone in Blockchain
The scope of blockchain technology is so broad that it could affect every aspect of human existence. This is something that is similar to the universal spread of the internet. Because the blockchain and its associated elements are relatively new, the subject of adoption remains hot in the industry.
There are many avenues for entry into the blockchain and cryptocurrency industry. This has enabled the influx of young people of various skills into the ecosystem. Although the majority of these participants are still very much within the learning curve, the impact of their activities are quite visible.
There are a number of areas where blockchain technology is finding relevance among young Africans. At the same time, they are using the opportunity to solve their economic challenges without necessarily depending on traditional methods.
On this topic, Nawaf Abdullah of eBitcoinics tells Coinstituency that for every new ecosystem or technology there is usually the birth of new opportunities. Therefore, the desire of humans and businesses to improve on themselves demands that they venture into these areas. Blockchain is a very good example and in Africa there are loads of people benefiting from the space. Nawaf notes that the opportunities within the blockchain industry are too numerous to mention, however he chose to address just a few.
Every tech industry has its own language, understanding and framework when it comes to coding. Blockchain is one technology that also has given birth to numerous programming languages and thereby requires developers to learn to understand them. Nawaf acknowledges the increasing cost of hiring developers in the tech industry, especially in the blockchain space. However, it is good that the opportunity has become open to all who may want to acquire the skills.
Young Africans are exploring this aspect of the industry, with many of them already building indigenous solutions, helping companies and startups evolve their ideas into applications. Nawaf explains that the incentives attached to being a developer is really good, and blockchain developers are very rare to even find. It has become a hot skill that almost every company would want to tap into. The average earnings of a blockchain developer in a year is around $80,000 and that you and I know is a very good income for an average young African.
Every new technology requires an understanding of its use cases and application. Increased awareness is a prerequisite to adoption, and adoption can only happen when education has been well received. According to Nawaf, a lot of Africans are capitalising on this by working for firms and taking up roles that involves educating the public. Some of these educators also play the roles of influencers by propagating new solutions and creating brand visibility. Many young Africans have been involved in this sector, earning prominent roles for themselves even on a global level.
The world of affiliate marketing is littered with lots of opportunities, and this is also applicable to the blockchain ecosystem. There Are lots of affiliate marketing opportunities provided by companies that have evolved within the blockchain industry. Exchanges, wallet providers, e-commerce, MLMs, and others. Young africans have also capitalised on this by helping projects to share opportunities. In return they are paid commissions on services rendered without having to own those businesses.
Solutions being provided by the around the globe in the blockchain industry is not restricted to more advanced countries alone. Today, we have young Africans who have built and are building real time solutions and applications that solve daily problems. There are also entrepreneurs that have built businesses that run on top of the blockchain. Examples of such include exchanges, wallets, educational projects and a whole bunch of pretty ideas. They sell these products or render services to earn a reasonable income. Blockchain has become a technology that is distributing equal opportunities across the globe. There are lots of endless opportunities available today thanks to the blockchain technology, you just need to look around you!
Creative Content and Media
According to Nawaf, discussing this topic will be incomplete without mentioning the creative content and media sector. This is an area where young Africans are finding remote employment and earning some reasonable income. Apart from the personal opportunities derived from this sector, it is responsible for much of the growth that blockchain technology has experienced over the years. This particular sector plays the role of effective communication and visibility of projects in the industry.
In the transition from internet of information to internet of value, content creators are the compass that is leading the industry. Brand visibility, awareness and adoption are all directly or indirectly tied to this aspect of the industry. This explains why projects pay a whole lot of money to find mentions and features across reputable media platforms.
A couple of media outlets of African origin are already standing up to be counted. This is changing the narrative where indigenous projects usually run to international brands for visibility. The danger in doing so is that the reach of those platforms may not be the right audience for the localized solutions being created. Young Africans are identifying this gap and are already working hard to fill it.
Iyke Aru is a seasoned author and educator in the blockchain and cryptocurrency industry. He has been in the business of crypto content writing for many years with thousands of his articles across several platforms on the internet. Iyke is based in Nigeria where he stands out as one of the most informed and credible figures in the cryptocurrency industry. Outside blockchain and crypto, you will most likely catch Iyke playing or discussing football with friends and family.