The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa CCIE, has called for a concerted effort among industry players, government officials and experts to explore the transformative potential of Blockchain technology in asset management and economic development of the country. The DG made this appeal at the Tokenised Economic Conference and…
Africa is now the world’s second fastest-growing region after Asia, with annual GDP growth rates over 5% over the last decade. Despite this growth, this good economic growth in the continent had not translated into shared prosperity and better livelihoods for the majority. Growth has to be inclusive to be socially and politically sustainable. One…
The global growth and adoption of digital property and Blockchain technology has inevitably extended its reach to Nigeria, where CoinEx, a renowned cryptocurrency exchange, has been actively contributing to the development of the Nigerian Blockchain economy since the appointment of its first effective Nigerian partner in 2021. Getting familiar with the Nigerian Blockchain Landscape Nigeria’s tech-savvy, heavy content-consuming…
An $8 million seed fund dubbed EchoVC Chain has been formed by EchoVC, a Lagos-based early-stage venture capital firm that invests in underrepresented founders and underserved industries. EchoVC Chain is targeted at blockchain investments in Africa. The business, which has invested in around 40 businesses in a variety of global areas, made its initial blockchain…
The development of technology has increased from year to year. One of which is a cryptocurrency, a digital currency that has become a trend worldwide. Cryptocurrencies have made considerable growth in value and popularity. Therefore, more and more blockchain companies are popping up everywhere. It makes the competition between blockchain companies even more challenging. They…
Two years after abandoning its blockchain endeavor, The Open Network (TON) foundation has announced that users would be able to send crypto payments on Telegram. Telegram’s cryptocurrency operation was shut down when the Securities and Exchange Commission of the United States put too much pressure on the company, according to The Verge (SEC). Telegram now…
The most well-known use of blockchain is to facilitate the emergence of digital currency. But did you realize that this technology has a plethora of other uses? Many large organizations and government bodies use it to improve their current business processes. That isn’t to say that only established businesses can benefit from blockchain technology. It…
Blockchain technology is being used in a wide range of industries, from IT to banking. But what exactly is it, and how should it affect the gambling industry? Here are some of the upcoming changes in online casino games, sports betting, and other forms of online gambling that we can anticipate. Gaming that is Provably…
VALR.com, a South African cryptocurrency exchange, said today that it has raised $50 million (about R750 million) in Africa’s largest-ever cryptocurrency fundraising round. The company is now worth $240 million. Pantera Capital led VALR’s oversubscribed Series B equity funding round, which included Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, Third Prime, Avon…
Wicrypt, a Nigerian blockchain-based Wi-Fi sharing startup, plans to be active in five African countries this year after securing funding late last year. Wicrypt, which was founded in 2018, is a decentralized mobile internet sharing and monetisation network that allows anyone to be compensated for sharing their Wi-Fi. Users install the Wicrypt app on their…
Njoku Emmanuel dropped out of school to focus on coding after his father confiscated his laptop for “coding too much” and failing to face his studies. After three years, he has established himself as one of the best blockchain engineers of his generation, traveled the world, and now runs his own startup, Lazerpay, a cryptocurrency…
Blockchain technology is one of the most bizarre ideas now powering the digital world. As many have pointed out, technology will serve as the foundation for numerous advancements. This comprises coins, tokens, NFTs, DeFi, and, most recently, the Metaverse. Despite its significance and significant role in the future of technology, few people, particularly in Africa,…
Ferrari announced on Monday that it has signed a multi-year agreement with Swiss technology firm Velas Network to create digital content for its fans. Velas, a provider of digital products and services, will become a partner of Ferrari’s Formula 1 racing team beginning next season. “Moreover, Velas will be the Title Sponsor of the Ferrari…
Blockchain technology has many more applications than just cryptocurrencies and Bitcoin. The ability of technology to provide more transparency and accountability while also saving firms time and money has an impact on a wide range of areas, from contract enforcement to government efficiency. All of these factors contributed to the success of India’s leading blockchain…
As African governments grapple to manage economies digitally, integrated digital payment and e-commerce company, Interswitch, has tipped blockchain technology to be the surest way. Blockchain technology is a digital ledger that stores transactions. The digital system essentially records transactions in multiple places at the same time, thereby making it impossible to falsify the data stored on…
Cairo based Pravica, a communication platform using Blockchain technology to empower user privacy and security through decentralised identity, has announced an investment (amount undisclosed) from CV VC (Crypto Valley Venture Capital). CV VC is a leading blockchain venture capitalist and incubator of global tech disruptors who are driving the fourth industrial revolution. Commenting on the investment and…
My co-founders and I launched Bridge Network earlier this year. We have a combined 12 years of experience working with some form of Blockchain and I dare say that we’re the right combination of experience and grit to make a case for Bridge network and its impact on the Blockchain economy. Bridge Network is a…
Crypto-currency adoption in Africa: The ups and downs Challenges include a lack of reliable internet and a lack of financial literacy. Written by Eugene Yiga Africa is booming in terms of cryptocurrency adoption, according to the 2020 Geography of Cryptocurrency Report by Chainalysis – a blockchain analysis company that provides data, software, services, and research…
Unlocking the potential of blockchain technology Written by Zach Winn Algorand uses a unique architecture developed by MIT Professor Silvio Micali to offer a decentralized, secure, and scalable blockchain. The Republic of the Marshall Islands is a country of around 50,000 people spread across more than 1,000 islands in a remote part of the Pacific…
The Six Biggest Blockchain Trends Everyone Should Know About In 2021 Written by Bernard Marr Blockchain has been one of the most talked-about tech trends of the last few years. As with many other trends that were important before the pandemic hit, it didn’t make as many headlines in 2021 as it has done previously….
Technology has changed the way we acquire education degrees. According to our research and online interviews, experts believe that many employers pay more attention to skills without college degrees than those with college degrees but this is most likely applicable to those in the technology field. Here are what experts think about the effects of…
In our previous post, we wrote about a broad overview of what blockchain is and its technicality guide. Today, I will list and explain the underlying technology of blockchain. There may be a few other more which we may not cover in this post. But our focus is on the main technology found in the…