Africa’s most valuable asset is not its natural resource reserves

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22
Jun

Africa’s most valuable asset is not its natural resource reserves
By: Anonymous | Published On: 22/06/18 12:23 pm

Africa is home to 16.3% of humanity but home to less than 1% of the world’s billion-dollar companies and only about 4% of global GDP. Africa cannot afford, nor does it have to miss the possibilities of the fourth Industrial Revolution (4RI) to better her lot.

Blockchain, one of the most disruptive technologies of the 4IR is a type of distributed ledger technology best known as the architecture that underpins cryptocurrencies like Bitcoin, but its potential applications go much further. Indeed, it promises to revolutionize the business and financial environment by reinventing processes, improving productivity and quality, reducing costs, and enhancing transparency.

Combining blockchain with other technologies such as analytics and machine learning could make it even more powerful. The profound changes this technology can deliver in unlocking value apply as much to the financial services industry like any other — and as much to the Nigerian as anywhere else in the world. Therefore understanding blockchain’s potential is of vital importance to banks, entrepreneurs, businesses and government agencies at different tiers across the country.

The time to act is now.

Decentralized economics is already opening the door to a global, equitable “econosphere” enhancing the common man’s equality of opportunity to lift himself out of the poverty trap of debt bondage. For the first time in human history, mankind’s ingenuity and technological advancements have created the environment for the freedom to transact with hard money, sound money, ideal money, even pure money.

Never before in the history of mankind has such an opportunity existed. Nigeria’s most valuable asset is not its crude oil reserves. It’s the 200million fellow citizens, and their natural labor, harnessed equitably through DLT, which can collectively produce a most powerful economic force, raising the GDP of the nation 10x, without any external foreign intervention or investment. Every Nigerian person has the right to be informed of this “fourth industrial revolution”, and take their rightful economic place.

The upcoming Blockchain, AI and Digital Assets conference in Lagos Nigeria, will highlight the new global emerging phenomenon of decentralized money, transacting, finance, investment, etc which will be accessible to the common man and oligarchs in equal measure. Decentralized economics is already opening the door to a global, equitable “econosphere” enhancing the common man’s equality of opportunity to lift himself out of the poverty trap of debt bondage.

Blockchain is an innovative digital architecture that eliminates the need for manual processing or authentication via intermediaries. Transactions that use blockchain are quicker, more reliable and more transparent, and generate efficiencies and cost savings. Payments, for example, are instantaneous and have full transactional transparency.

Summarily, for any type of record keeping for which transparency, tamper-proof storage, and clear maintenance of audit trail is desired, blockchain is the way to go. Be it marriage registry, land registry, birth registry, death registry, medical records, census records, academic records, financial records, blockchain is a tested technology that can be applied for above mentioned.

At the event, scheduled to hold in Lagos, Nigeria from 24–25 May 2019, attendees will discover how Blockchain, Artificial Intelligence (AI), IoT, Big Data and Virtual Financial Assets are altering and disrupting incumbents and creating new opportunities for forwarding thinking individuals.

It will be a super interactive event around the technologies of the fourth industrial revolution (4IR) to provide every attendee with actionable insights that can be applied immediately to accelerate progress in any chosen career path.

Conference Content (Day 1)

Dr. Isa Ali Ibrahim Pantami PhD, Director-General/ CEO National Information Technology Development Agency (NITDA) has been confirmed as a guest of honor.

Andrew Nevin PhD, Chief Economist at PWC will deliver a Keynote on“How Blockchain, AI Digital Virtual Financial Assets and other technologies of the 4IR could drive economic advancement across Africa”.

Panel Sessions

There will be panel sessions on “Blockchain, AI, Virtual Financial Assets and the Future of Work in Africa”“Virtual Financial Assets Taxation in Nigeria: What Prospects” — to be moderated by Akeem Ogunseni, Senior Manager Tax Services at EY, and “Blockchain for Social & Economic Transformation: How Nigeria could Benefit”.

Other subject matter experts and professionals expected at the conference include Boye Ademola, Partner Technology Advisory & Digital Transformation Lead at KPMG Advisory ServicesWole Oyeniran, Enterprise Platforms/ Systems Integration Leader, West Africa at Deloitte ConsultingDr. Segun Aina, Chairman Fintech Associates/ PresidentFintech Association of NigeriaShamim Khan, Esq. Director, Lex Futurus (UK) Blockchain Regtech & Law LimitedSalisu Kaka Assistant Director, Head Blockchain at NITDA, and Ian Friend, Cofounder/ COO Ferrum Network, NYC, among many others.

Premium Masterclasses (Day 2)

  • “Blockchain & Decentralized Finance: Threats and Opportunities for the Banking and Finance Industry” -Facilitator — Shamim Khan, Esq. Director, Lex Futurus (UK)
  • “Blockchain Business Strategy, Legal, Policy and Regulatory Aspect of Blockchain Technology”. Facilitator — Olutoyin J OloniteruMD/CEO, Spindlar Cyberlaw Centre & Chairman, CEIAfrica.
  • “Cryptocurrency Trading Secretes of Masters: Assets, Trends and Trading Signals for profit”. — Facilitator Tola Joseph FadugbagbeCEO Cryptocurrency Master Class, Lagos, Nigeria, and Dr. Shadrach Egbokwu who will be expounding on “Benefits of Smart Money in Strategic Planning of Retirement”.

The conference will feature a melding of the AI and Blockchain/ Virtual Financial Assets communities in Nigeria and across the world, exploring the possibilities at the intersection of these technologies.

The event will bring together business leaders, government and regulatory agencies, data practitioners, AI and Blockchain tech pioneers who are applying artificial intelligence to solve today’s problems and creating tomorrow’s opportunities, while leveraging available tools, to create entirely new values.

Our FireSide Chats, spiced with interactive tech tools for maximum audience engagement and our panel discussion sessions are usually deep and provide actionable tips for aspiring entrepreneurs sitting in the audience or participating remotely.

About 1000 participants are expected to be at the two-day event.

Our aim as organizers is to bridge the knowledge gap by providing government functionaries, decision-makers, professionals and practitioners with the resources they need to make key business-shaping decisions in a rapidly changing world.

Blockchain Nigeria User Group is a pioneer group of enthusiast, developers and industry practitioners championing the adoption of Blockchain technology through education across Nigeria and Sub-Saharan Africa. Since 2016, the group has held about six conferences in Lagos, Abuja and Port Harcourt, connected over 5000 attendees/ enthusiasts and spurred waves of startups in the ecosystem.

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