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Copyright 2015 Bloomberg. Paul Burkhardt (Bloomberg) — Africa’s oil and gas boom is in jeopardy. The dash for resources that saw explorers invest billions of dollars to tap promising oilfields from Ghana on the west coast to Tanzania on the east, is stalling as the global drop in oil prices

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Blockchain Technology is a decentralized system, and there is no need for third-party involvement, which means less money spent on intermediaries and more money saved by the end-users. Furthermore, all transactions made through Blockchain are safe, secure, and transparent, as any network member can easily see records. There is also the feature of smart contracts, which will ensure that both parties stick k with their part of the contract without any hassle.

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