I have been traveling a lot recently and teaching on the power of the new world economy, The Connected Economy.

The industrial economy is gone. It’s the economy you primarily exchange time for money or service for money. This economy was made obsolete by technology especially (E-commerce, Social Media, Mobile Phone, Apps, Artificial Intelligence, Big Data,IOT, Blockchain etc)

Forty years ago we could only sell or buy from our immediate communities. Fast forward to today, we are trading with anyone anywhere in the world. All made possible by technology.

Twenty-five years ago, if you were looking for the top 20 companies in the world you could count on seeing at least 10 oil and industrial companies on the list, but today 20 years later, if you were to check for the top 20 companies, you are likely to find no oil companies but only tech companies. What does that tell you? It means we are moving to a point where physical address will no longer mean anything and that communities are craving for easier ways to make things better.

The Connected Economy was born due to an escalating global need of value in products and services because of technological shrinking of the world into a global village.

Human beings now have access to billions of people to do business with that sell value in products or services. In the Connected Economy, you don’t have to manufacture, you simply connect. Imagine you connect 1 million people to a value worth of $5 and your profit is only $1.

It means you have made $1 × 1 million people = $1million dollars in profit. (Meanwhile you didn’t have to manufacture anything)

The Connected Economy is the Economy of prosperity & the Economy of Infinite Possibilities.

In this article, we are trying to create a platform to hear the needs as Africans and start a serious conversation on how we can leapfrog on emerging technologies such as Blockchain especially to create wealth for the larger masses. It’s a deliberate act that needs reshaping of the African mindset to believe in the digital economy and how we can now trigger this conversation of wealth creation which has been a no go area in most parts of Africa.

We can’t continue to look at technologies as non-African’s and end up being the biggest consumers of it, like we have done with internet, TV, Email , E-commerce, Mobile phones, Social Media, Plastic Money Card etc.

We have no reason not to see into the long term and build systems that will ensure the whole community benefits from the system we build.

If China, Singapore, South Korea, India, UAE etc can use technology to change the lives of their people, why should it be so difficult for us in Africa to do it?

This is a conversation we at KuBitX want to trigger let’s begin a serious approach towards the next 50 years. To change the course and foundation of AFRICA, where we will have economic empowerment to make the lives of our people better.

“If you are the richest man in the midst of 99% poor people, it makes no room for your escape when the economic indices are being used to measure that community “

The law of nature prescribes for the collective building and distribution of wealth, in this process majority become wealthy such that joy and happiness become spontaneous for the society.

Eric Annan (CEO KuBitX Ltd)