Polygon has partnered with CV Labs to drive the adoption of blockchain technology throughout Africa.
According to a CV Labs statement, the partnership has “the potential to improve the lives of individuals, businesses, and organizations due to its transparency, immutability, speed, and low transaction fees.
“At the same time, it will enable the CV Labs network to introduce businesses and organizations to the Polygon ecosystem thereby expanding the latter’s reach and contributing to a more digitally robust and inclusive future for Africa.”
Polygon is a decentralized Ethereum scaling platform that enables developers to build scalable, user-friendly dApps with low transaction fees without sacrificing security. Enterprises can use Polygon to develop integrated applications that streamline processes, create new payment channels, and more.
Blockchain technology shows great promise for Africa. Distributed ledger systems, for example, have the potential to provide Africans with a secure and transparent way to transact. In addition, blockchain-based applications can help reduce corruption and fraudulent activity.
Africa is home to a large pool of talented entrepreneurs. These factors create a fertile ecosystem for blockchain innovation. For these reasons, amongst many others, Polygon and CV Labs are bullish on Africa.