The Nigerian Communications Commission (NCC), stakeholders and technology enthusiasts debated the benefits of emerging technologies such as Blockchain in boosting the country’s economy and advancing…
By: IBKEducationists point of view Other speakers, including some educationists, stated the benefits of Blockchain technology and discussed urged the government to look into adopting this policy. The difference between Blockchain and Bitcoin was clarified by Dr Abdul-Kareem Oloyede of the University of Ilorin. He also mentioned that financial institutions, healthcare providers, and enterprises may use Blockchain to cut costs, speed up transactions, and improve data security. NCC’s daring step of introducing DLTs to Nigeria was welcomed by Amaka Ukwueze of the University of Nigeria, Nsukka, because Nigerians has yet to adopt a blockchain policy. She also asked the federal government to actively support Blockchain adoption, promote legal certainty for its applications, and create a flexible and adaptable regulatory environment that encourages innovation.