An ambitious project is on the brink of launching that could pave the way for rural development loans.
The South African Blockchain Centre, an initiative of the SA Economic Development Corporation, has announced plans to provide loans in South Africa to rural residents.
The center, which is funded by the SA EDC, said it plans to issue loans to the communities in areas where blockchain development is already underway.
Blockchain technology has allowed people to make payments on a virtual currency using their smartphones and mobile phones.
However, these payments are usually in kind, meaning they do not have to be paid in advance.
To reduce the amount of money people are required to spend in their daily lives, a number of South African cities are beginning to offer loans for small payments.
In 2015, South Africa had the highest number of rural unemployment in the world, with more than a million people unemployed, according to the U.N. In 2016, more than 100 million people were unemployed in South African villages, according the U!
According to the South African Council of Ministers, nearly 5.5 million South Africans were unemployed last year, an increase of 8 percent over 2015.
South Africa has been the country with the highest unemployment rate in Africa, according a 2016 report from the University of Pretoria.
The country has also seen an increase in poverty in the past two decades, and its unemployment rate has increased in recent years as well.
The aim of the blockchain initiative is to create a digital infrastructure to provide low-cost loans to rural communities.
The initiative is part of the South Africa’s “South Africa Smart Cities Initiative,” which aims to “support the development of smart cities, as well as smart rural communities,” according to an official press release.
The project, which will launch in 2018, is expected to allow rural residents to borrow at a low interest rate, in a way that will be similar to a bank loan.
The loans will be issued through a virtual token and distributed through a smart contract.
The token that will provide the payments will be called DAIRY.
It will be used to pay for things like electricity, water, transportation and electricity infrastructure.
It will be available for purchase through a DAIRy website that will launch “soon.”
It is unclear how the project will be funded, though the SA Department of Economic Development has been working on a project for some time to establish a loan fund.
According the release, the project is currently being developed by a team of blockchain developers and developers at the South Africans South Africa Development Agency.
The team will be comprised of five individuals and two developers from the SAEC.