BlockchainValley has designated Stellenbosch in South Africa as its geophysical hub. The physical location of the smart community ecosystem that BlockchainValley intends to develop would be a major asset going forward for several reasons. South Africa represents one of the most pioneering countries in the Anglo-Saxon world, historically, alongside Canada, the United States, New Zealand and Australia. It has diverse human capital and one of the best infrastructures in Africa and is one of the newly advanced BRICS nations.
This is a strategic location for global start-ups and multinationals wishing to penetrate and exploit new growth opportunities for Fourth Industrial Revolution technologies within emerging markets across the African continent. These markets have the world’s youngest consumer demographic who have a strong drive to better the conditions of their environment. Solutions created in BlockchainValley as a smart community, powered by forward-thinking start-ups and enterprising company residents, or collaborative projects, can be tested in the area. The physical smart community can also use 4IR Tokens as a means of transaction, to market products or services that are subsequently deployed on a regional scale and internationally.
As our smart community evolves over the next ten years, similarly to how Silicon Valley evolved through the 60s until today, we envision that many companies and organizations from start-ups to large enterprises around the world, will begin to establish a meagre to meaningful presence in BlockchainValley, leading to new jobs creation for the region, and talent sourcing for the entire planet.
Why will Fourth Industrial Revolution companies ultimately expand operations to BlockchainValley?
* Entry to African markets with the most impactful potential for Fourth Industrial Revolution solutions,
* Four major universities in the Western Cape region, including two of the best on the African continent, University of Cape Town and Stellenbosch University,
* English is the most widely spoken language in South Africa,
* Cost-efficiency with regards to real estate and nominal labour value in comparison to Europe and the United States,
* Africa is the continent with the youngest demographics, expecting a population explosion growth of 100% by 2050 to over 2 billion consumers,
* Africa‘s potential to become a $14 trillion to $30 trillion economy, and
* Innovation tech cluster offering networking opportunities, leading to more collaboration among companies and/or freelancers.
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