‘Blockchain technology key to economic development in Africa’
AS Blockchain Technology (BT) continues to have wider application across platforms including industries with unassailable results, Nigeria and Africa in general have been advised to embrace it to open up the continent for development.
Experts at the maiden edition of Blockchain Africa Conference organised by Fintech Worldwide Limited in association with Eka Consult in Lagos, agreed that with the current global trend, the technology has come to provide golden opportunities for development in the African continent.
Specifically, the experts identified ways blockchain could address many challenges slowing down the continent’s economic development.
Speaking at the event, Founder and Chief Executive Officer, Eka Consult,
Steph Mekwuye said the conference was held in Lagos to evaluate blockchain technology and Africa’s opportunity due to the country’s position as a leading economy on the continent.
She said: “At present, blockchain technology has become a day to day technology in the Europe, America and some parts of Asia, Fintech Worldwide in conjunction with Eka consult brings an array of IT leaders and experts both within and outside the country to educate and enlighten the industry stakeholders on the opportunities in the blockchain technology.”
While delivering a lecture titled “Technology Infrastructure in Nigeria”, Chief Executive Officer, Precise Financial Systems, Yele Okeremi, took the audience down memor y lane and discussed on the dynamics being experience in business and the leap in technology infrastructure development in the country.
Speaking on Blockchain Application in Industr y, Digital T ransformation Expert, Eka Consult, Luis Novella shed light on how industries in the countr y could use the technology to bring transparency in their business financial management.
Also, Managing Director , eration and drive investment in sectors of strategic interest within Africa". Adesina said:“this is not a talk shop. There will be no political speeches. The AIF provides an open platform to organise efforts among multilateral institutions, governments and private sector to improve a pipeline of projects capable of transforming the continent.”
"The AIF will harmonise processes among the Bank and its partners, reduce intermediation costs, improve quality of project information and documentation, and increase actionoriented engagements between African governments and the private sector," he added. Michelle and Anthony Consulting, Olufemi Ajulo at the conference urged the Federal Ministry of Science and Technology to initiate policies that that would tap into the benefits and opportunities in the technology.
Chief Executive Officer, CYMANTIKS, Emeka Okoye while speaking on the software ecosystem in Nigeria, emphasised the gain to the economy if opportunities in software technology are fully maximised.
He decried the decline in the rate of software development in Nigeria.
9mobile launches vehicle tracking solution quality device, the minds of vehicle owners – individuals and corporate organizations – will be at rest as they will be able to focus their attention on other rewarding engagements.
He said, “the VT Fleet Solution is an affordable product that individuals, corporate organizations, and our strategic partners will find ver y useful as it provides real-time vehicle surveillance and reporting, makes retrieval easy in case of theft, ensures efficiency in fuel usage and driver management.
It also allows you to track your vehicle location and activities from the comfort of your phone, tablet or computer. In addition, the solution also notifies users when their vehicle spare parts are due for replacement, thereby sa ving cost on expensive maintenance and vehicle breakdown. It’s all part of 9mobile’s commitment to our millions of subscribers and their continued well-being.”
Syrimis added that the installation of the VT Solution is free at selected 9mobile stores. 9mobile through its array of innovative products, services and solutions has been at the forefront of providing platforms that empower and support its customers to achieve more via technology. Since its entry into the Nigerian market over nine years ago , the telco has consistently launched innovative solutions that support individuals, businesses and communities.
TELECOMMUNICATIONS firm, 9mobile has introduced a Vehicle Tracking (VT) solution that will help individuals and companies manage the activities of their vehicle or fleet, reduce maintenance cost and optimize fuel consumption.
With the rising cost of maintenance and the growing concern for vehicle and passenger safety, the VT Solution is a high-quality Swedish device powered with 9mobile SIM card and highspeed data, that allows users remotely track their vehicles on their mobile phones and website; ensuring they are in full control of their vehicles and fleet.
Additional features of the affordable device include geo-fencing which allows the user set up trig gers when a vehicle/fleet enters or exits defined boundaries. Other features include eco-driving which support fuel optimization, spare parts replacement, reporting management and instant vehicle demobilization which is available on request
The device is a vailable at selected 9mobile stores in Lagos, Abuja and Port Harcourt, the VT Fleet Solution has a user-friendly monitoring portal, longer battery life, and longer location history.
Speaking on the solution, Director, Enterprise Segment, 9mobile, Plato Syrimis, disclosed that with the high- “We need to know that data is an infrastructure and economy builder in this era. Nigeria as a country must step up in promoting software development.
We must also thrive to inject digital and visionary leaders to helm of affairs to fasttrack Nigeria’s race to digital world,” he stated.
The events was attended by representatives of the Nigerian Immigration Service, Lagos State Government, top IT practitioners, business executives, students of tertiary institutions and youths.