Polygon Partners CV Labs to Boost Blockchain Adoption in Africa Nov 24, 2022 Nov 24, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsNovember 24, 2022 by Kelly Cromley

Polygon Partners CV Labs to Boost Blockchain Adoption in Africa

Polygon has partnered with CV Labs to promote blockchain technology implementation in Africa. Polygon is cooperating with the CV Labs ecosystem to promote the Polygon environment to businesses and institutions. This relationship will lead to Polygon’s expansion and ensure a more electronically resilient and democratic society in Africa. Polygon, a decentralized Ethereum scaling solution, allows programmers to create scalable, customer-friendly dApps with minimal trading costs without compromising security. Using Polygon, businesses may construct connected apps that improve procedures and generate new payment channels, among other things.

According to Polygon, Africa has significant promise for blockchain technology due to its young generation, expanding technological industry, and the requirement for more openness and accountability. We are ready to help all players on the region, from huge corporations to social benefit programs.” CV Labs is the worldwide network developer of Zug, Switzerland-based blockchain startup funding company CV VC. We are happy to collaborate with them throughout the African continent to better the lives of people, businesses, and organizations, and to assist to a more inclusive society.”

Responding on the agreement, CV Labs stated, “Polygon and CV Labs think Africa has the expertise and framework to transform into a worldwide blockchain hotspot, and they are optimistic of aiding businesses, startups, NGOs, as well as other parties eager in the positive disruption blockchain technology may deliver. Collectively, we are aiming to assist the ecosystem’s growth and to establish relationships with Africans for the betterment of the continent.”

Via seminars, hackathons, and collaborations with blockchain organizations, Polygon also delivers blockchain training and knowledge to young people. This is vital for developing a workforce capable of driving the implementation of blockchain technology across the continent.

For Africa, blockchain technology has immense potential. Distributed ledger solutions, for instance, have the ability to offer Africans a safe and open method of doing business. Furthermore, blockchain-powered apps may minimize instances of corruption and cheating.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.