… As NITDA, Fan-factory, exports vision, others brainstorm in upscaling blockchain technology
By Dwelleth Morountodun
The Director General/CEO of the National Information Technology Development Agency (NITDA), Mallam Kashifu Inuwa, has said government has the responsibility to make sure Nigerians harness the full potentials of blockchain technology while avoiding its perils.
Inuwa, spoke among the former Minister of State and Chairman, Board of Investments, Pakistan, Muhammad Azfar Ahsan, the Founder and CEO, FanFactory Limited, Dana Al-Saleem and the Chairman, Exports Vision Consulting, Dr. Basin Zafar, in Dubai, UAE on upscaling blockchain technology to support more transparency, efficiency and productivity held at the instance of the BSV Global Blockchain convention.
He noted that the significant impact of blockchain technology on the nation’s digital transformation by using it as a platform to sustain the country’s digital economy, it became imperative to join world class experts from other parts of the world in upscaling the technology for the benefit of society.
He acknowledged that it in aligning with the trending best global practices where ideas were shared with world leading key players in the industry to upscale public Blockchain ecosystem, he added.
Speaking as a panelist in the session themed “Blockchain for Digital Transformation of Nations” at the 3-day event, the DG reiterated President Mohammadu Buhari’s commitment to diversify the country’s economy through the adoption of emerging technologies such as the blockchain technology.
The NITDA boss opined that Blockchain technology is an emerging technology which provides a secure distributed ledger platform for seamless transactions which will acquaint people with vast opportunities, enhanced security and easier traceability.
He further stated that in the implementation of the country’s National Digital Economy Policy and Strategy, the Agency under the supervision of the Federal Ministry of Communications and Digital Economy developed a draft bill on National Blockchain Adoption Strategy in creating an economically productive and viable Digital Nigeria using the blockchain technology
Inuwa averred that the document clearly maps out the strategies needed for the adoption of the blockchain technology by the Nigerian government and its digital transformation agenda.
While giving insights on the economic thrust achieved through the implementation of emerging technologies in the country however noted that ideas shared at the event will be adopted to upscale and fully exploit the potentials of Blockchain technology in the country.