Beer ProductionAfrican regions continue to see further advancement in Blockchain adoption, with the beer brewing megacompany AB InBev providing new sources of revenue for ingredients grown and sourced from farms across the continent.InBev is a Belgium company in the food, drink, and tobacco industry with a market cap of over 89 Billion USD. Some of the more famous brands in their product line include Budweiser, Stella Artois, and Skol.The company just recently was included in the Forbes top 50 blockchain companies, and will very likely open up more discussion for the alcohol markets and ingredient sourcing potential possible across Africa.Africas Alcohol and Beer MarketIn South Africa alone, there is a population of 58 million people and growing demand for beer consumption and production. According to Yahoo, the African continent misses out on the top 10 beer consuming locations but has grown to around 215 craft breweries in the past few years, with an explosion of new companies, unfortunately, all sharing the same issues for distribution and market entry. In spite of issues for newer and developing products, South Africa is the world\u2019s 12th largest beer producer and generated over 35 billion in sales in 2019.10- 14% Growth in the Craft beer industry alone is expected from now until 2023The Problem, and Blockchain DeCo solutionAccess to mainstream marketsWith the vast majority control of the industry currently in the hands of SABMiller, Heineken, and Castel to name a few of the leading brands, entry into the market for newer products and breweries have become extremely difficult, leading to less competition and innovation for the industry. Many of these new companies have problems with streamlining and monitoring revenue streams, as well as working with third parties due to corruption and extortionate fees required to access markets.Blockchain is certainly a technology that can grant\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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