Welcome to Blockchain Association of Uganda

Home of Blockchain Technologies in Uganda and beyond.

Blockchain Association of Uganda is a membership organization that consists of individuals and organizations that are interested in promoting blockchain related technologies and capabilities, and this is done by making blockchain related resources available to government and public-sector consumers.

Blockchain Association of Uganda encourage efficiency and promotes high ethical standards of business among its members in matters touching the use, regulation, transfer, remittance or other management and exchange of crypto currency, and in so doing to deal with any parties and authorities in performance and fulfilment of the objectives of the Company.
We facilitates business leaders, educators, policy-maker, institutions and citizens in using of globally accepted, industry-leading knowledge and practices for blockchain technologies, Cryptocurrencies.

What’s is Blockchain technology?

The Blockchain Technology is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
Blockchain is an Internet protocol and open source software platform for individuals, Business, developers and enthusiasts. It’s a platform which enables a digital and decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network. This allows the participants to verify and audit transactions inexpensively. Blockchain database is managed autonomously using a peer to peer transaction network and payments.

Our objectives and goals

Toadvocate for the development of blockchain-related industries in Uganda and African
territories, serving both domestic and export markets.

  • Host dialogue between Ugandan governments, regulators, authorities, and industry
  • Foster linkages among participants in the region's developing blockchain ecosystem.
  • Knowledge Brokering
  • Increase consumer awareness of blockchain technology and surrounding issues.
  • Research industry trends and potential application of blockchain technology within regional markets to inform policy development.
  • Conduct training and capacity building to develop regional expertise prepared to participate in the global blockchain industry global Engagement
  • Build relationships with international partners to develop markets for the region's blockchain-related service industries.
  • Draw foreign investment into Uganda blockchain projects.
  • Establish a global reputation for the Uganda as the Blockchain Hub of the Africa. 

Our Vision

We envision a future where society and the Ugandan values of individual freedom, independence, and powerful social security systems are all strengthened. We believe that blockchain technology can help us eradicate corruption, add transparency to public affairs, and improve our legal systems making them far more efficient, more secure, convenient, and simpler.

Our Mission

We aim to foster and coordinate Uganda’s depth of talent, drive and enthusiasm to position it as a dominant force on the world stage. We will do this by engaging with regulators, policymakers, educators, for and not for profit organisations and technology entrepreneurs through direct communication to guide the public dialogue about blockchain technology. Among other activities, the
association will be responsible to:

  • Promote blockchain technologies, distributed ledgers & digital currencies.
  • Represent its members in the media, education, research, business and government.
  • Organise events, initiatives and lobbying operations. 
  • Support and develop blockchain projects initiated by other organisations.
  • Connect start-ups, investors and large companies.
  • Share with its members, the corporate world, and the public information and knowledge about the national blockchain ecosystem.
  • Represent Uganda and its blockchain ecosystem with blockchain associations in other countries and international bodies.

What is Blockchain?

Currently, most people use a trusted middleman such as a bank to make a transaction. But blockchain allows consumers and suppliers to connect directly, removing the need for a third party.

Using cryptography to keep exchanges secure, blockchain provides a decentralized database, or “digital ledger”, of transactions that everyone on the network can see. This network is essentially a chain of computers that must all approve an exchange before it can be verified and recorded.

How does it work in practice?

In the case of Bitcoin, blockchain stores the details of every transaction of the digital currency, and the technology stops the same Bitcoin being spent more than once.

Why is it so revolutionary?

The technology can work for almost every type of transaction involving value, including money, goods and property. Its potential uses are almost limitless: from collecting taxes to enabling migrants to send moneyback to family in countries where banking is difficult.
Blockchain could also help to reduce fraud because every transaction would be recorded and distributed on a public ledger for anyone to see.

Custom Blockchain Solutions

Blockchain solutions have tremendous potential to reshape multiple industries including, finance, supply chain, education, healthcare and more, and help set new standards in each respective market. Blockchain Association team is constantly innovating blockchain solutions using the most advanced technologies in the space, and we want to do the same for you.

Simply take us through your business processes and we can devise the perfect solution and implementation strategies, based on your unique requirements, that can have you Blockchainise right away.

As revolutionary as it sounds, Blockchain truly is a mechanism to bring everyone to the highest degree of accountability. No more missed transactions, human or machine errors, or even an exchange that was not done with the consent of the parties involved. Above anything else, the most critical area where Blockchain helps is to guarantee the validity of a transaction by recording it not only on a main register but a connected distributed system of registers, all of which are connected through a secure validation mechanism.”– Ian Khan , TEDx Speaker | Author | Technology Futurist 

What is The Blockchain Association?

The past year has seen an explosion of interest in blockchain technologies globally and here in Uganda.

The Blockchain Association of Uganda facilitates Ugandan and African business leaders, educators, policy-makers and citizens in learning how blockchain technology can be applied to make Uganda the World's most blockchain literate nation. Bitcoin’s blockchain, and other distributed ledger technologies, are an imminent revolution. The finance, insurance and regulatory compliance industries are already facing disruption... but also currency exchange, healthcare, internet-of-things, real-estate, supply chain management, government and retail.

As these technologies converge, the wider societal impact promises to be significant; traditional job titles will change, new laws and regulations will be passed and entire industries will be transformed.
The association is not just for multinationals and big business - it is crucial that smaller companies, start-ups and individual contributors are involved; we can only achieve our mission through multi-stakeholder collaboration.

While cryptocurrency has been hailed for its potential in the financial sector of the developed world, one of its greatest applications has been virtually overlooked. In nations that lack dependable economic systems or governance, digital currency may offer hope. Access to finances, security and privacy of funds, and faith in a common medium of exchange, can aid many across the African continent.

The new finance industry will settle on where the innovation will be for smart contracts and cryptocurrencies. It is Silicon Valley’s replacement for the old infrastructure of finance and Africa’s chance to leapfrog the old system. It will position the economies of Africa for the future of finance. The lack of a strong legacy system which has been a sour point for Africa, is suddenly a great advantage.

Still, too many people in Africa do not have access to bank accounts. This situation denies countless numbers of people financial freedom. Bureaucratic tenors and economic exclusion, amongst others, have paved the way for this situation.