Cryptoemilybtt
Sep 9, 2018 · 2 min read

Advancing Blockchain Projects from Africans to the World – Cheetah Africa

Abimbola Hassan AKA (cryptoguyjay)

Blockchain project among Africans have been relatively foiled on grounds of irregularities due to lack of support for development to enable techpreneurs create and make available new products existence on the blockchain technology, a problem identified by Cheetah, a Lagos based leading start-up.

In its recent launch in Lagos this month, Cheetah Africa, a non-profit making organisation as express its desire to help young enterprising blockchain developers to achieve their goal of creating products which entire existence depend on blockchain.

According to Lucky Uwakwe Co-founder Cheetah Africa, “in ensuring projects supported are worthy to push, the body will ensure that audit and vetting are done before Initial Coin Offering (ICO).”

Uwakwe noted that the verifying process are done as a standard procedure for transparency, especially in a world where we have so many project without due diligence.

“The platform will conduct an acid test for aspiring start-ups and periodic audit will be followed in ensuring due process on the projects advancement, opening up an avenue where Cheetah will be seen as a pointer for African blockchain Start-up development,” Nathaniel Luz, Executive Director at Cheetah Africa said.

Cheetah Africa was founded by Nathaniel Luz and Lucky Uwakwe who have skills and experiences on blockchain across the world such as Ethereum, Dash, Humaniq, and Time chain, KIN, Zcash, and Status. Lucky and Nathaniel are now lending out their experiences and skills for the development of African blockchain projects as they claim Africa is a fertile ground which can only be best cultivated by Africans.

Nathaniel Luz stated that the organisation is positioning itself to be the connecting bridge between African start-up and innovations to the world, by re-writing the African story.

“Some of the projects on board include Blockvibranium, Webercoin, Biya, Esusu which Cheetah is in full partnership with ensuring successful projects execution,” Luz further stated.

An Ecobank research institute report on blockchain and cryptocurrency shows that African regulators are adopting the ‘wait and see’ approach which is further dragging the level of adoption amongst African countries while been aware of the risk and potential positive benefits of blockchain and cryptocurrencies adoption to economic advancements.

The report discloses that out of all African countries, only South Africa has given a favourable and permissive stance as regards cryptocurrency and blockchain developments but not with full legality whereas Ghana, Senegal, Cameroon, Zambia, and Zimbabwe have shown signs of research into the potentials of blockchain and cryptocurrencies while been cautious. However, other countries like Nigeria, Kenya, Dr Congo, Rwanda, Uganda, Burundi, Kenya, Ethiopia, Malawi, Botswana, Mozambique and Tanzania still maintaining a contentious stance showing signs that the progress on adoption and regulation is been monitored.