The Polygon team just revealed a partnership with CV Labs, the ecosystem developer based in Switzerland and part of blockchain venture capital firm CV VC. The partnership with the CV Labs network is to introduce businesses and organizations to the Polygon ecosystem. 

“Polygon is partnering with CV Labs to drive the adoption of blockchain technology throughout Africa. Together we believe that the technology has the potential to improve the lives of individuals, businesses, and organizations due to its transparency, immutability, speed, and low transaction fees,” CV Labs stated.

CV Labs added, “Polygon is engaging and collaborating with the CV Labs network in order to introduce businesses and organizations to the Polygon ecosystem. This partnership will help expand Polygon’s reach and contribute to a more digitally robust and inclusive future for Africa.”

According to CV Labs, Polygon will help African startups gain access to resources and funding, enabling them to scale their businesses and create jobs. Polygon will further work with CV Labs to enable corporate and government bodies to experiment with blockchain technology to gain experience. 

Furthermore, Polygon and CV Labs believe Africa has the talent and infrastructure to become a global blockchain hub and is looking forward to supporting enterprises, startups, NGOs, and any actors interested in the disruption blockchain can bring. 

CV Labs emphasized, “Together, we are working to support the development of the ecosystem and seek to build partnerships with Africans for Africans.” 

The partners have also agreed that since Polygon already provides education and training to young people on blockchain technology through workshops, hackathons, and partnerships with blockchain associations, they have created a skilled workforce that can drive the adoption of blockchain on the continent in a sovereign way.

Blockchain technology shows great promise for Africa. Distributed ledger systems, for example,  have the potential to provide Africans with a secure and transparent way to transact. In addition, blockchain-based applications can help reduce corruption and fraudulent activity. 

Polygon sees the African continent as a land of opportunity, demonstrated by its investments in blockchain startups and working closely with them to build an ecosystem that will support the growth of the blockchain industry in Africa. In addition, the decentralized Ethereum scaling platform is working with government officials, regulators, and other stakeholders to create an enabling environment for blockchain technology to thrive.