Central African Republic Wants to Tokenize Mineral Resources

Jun 3, 2022 | Ledger Insights
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After the Central African Republic (CAR) adopted Bitcoin as legal tender in April, yesterday, its President Faustin-Archange Touadéra announced on Twitter that the country plans to use blockchain to tokenize its mineral resources to raise funds.

The PowerPoint lists CAR’s abundant mineral resources, including cobalt, uranium, gold, and oil. ut to date, tokenization initiatives have been for extracted metals and minerals, not those still in the ground. 

On the positive side, could blockchain be a solution to ensure that proceeds from mineral rights are appropriately used?