ZANZIBAR : A NEW digital platform seeks to make Zanzibar a regional leader in blockchain technology adoption and digital governance.
This follows the establishment of Zanzibar’s National Blockchain Sandbox in which XDC Network, a leading enterprise-grade, EVM-compatible blockchain platform, in collaboration with LedgerFi played a pivotal role.
A statement released here by XDC Network said the initiative is designed to drive blockchain innovation and provide startups with a secure platform to test their solutions, positioning Zanzibar as a regional leader in blockchain technology and digital governance.
The Zanzibar Blockchain Sandbox offers startups a robust environment to practically experiment with blockchain applications, providing opportunities for startups to innovate across areas like financial inclusion, identity verification, decentralized infrastructure, and other emerging sectors.
The new service will help entrepreneurs refine their solutions before scaling them to broader markets across Africa.
Director General of the e-Government Authority of Zanzibar, Mr Said Seif Said, welcomed the initiative which he said places the Isles at the centre of technological advancement.
“The blockchain network sandbox is designed to be a secure experimental environment where innovators can develop, test, and deploy blockchain-based solutions for real-world applications.
This is key for us as government expands the digital space,” said Mr Said
The official told Vinay Krishna, Chief Executive Officer of LedgerFi, that the initiative aligns with Zanzibar’s vision of becoming a regional leader in blockchain and digital governance.
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LedgerFi, in collaboration with the Zanzibar e-government authority, will design, develop, and set up the network.
“By providing this platform, Zanzibar is positioning itself as a regional leader in blockchain innovation and digital governance, offering a competitive edge in Africa’s growing tech ecosystem.”
The initiative is set to propel Zanzibar’s tech landscape by providing startups with access to advanced encryption, multi-layered security protocols, and expert mentorship.
The National Blockchain Sandbox is also aligned with Zanzibar’s broader vision of fostering digital transformation, especially in critical areas such as financial technology and digital governance.
By offering a safe, controlled environment for startups to test their ideas, the sandbox is expected to attract venture capital investments and increase the likelihood of startups succeeding in both local and international markets.
With the support of XDC Network’s secure and scalable infrastructure, this collaboration will help Zanzibar emerge as a significant player in Africa’s tech ecosystem, encouraging the development of solutions that address key challenges in the digital economy.
“This collaboration underscores the immense potential of bringing together technology leaders and blockchain networks to foster innovative solutions for the Web3 ecosystem in Africa.
By integrating advanced blockchain technology with forward-thinking infrastructure, we are set to revolutionize the delivery and experience of financial services in Africa and beyond,” observed Mr Seif.
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