Africa’s appetite for digital assets and blockchain technology is unparalleled. The region is seizing the opportunities offered by this emerging technology, and with the majority of its population under the age of 25, the stage is set for an explosion in blockchain adoption.
Muhammad Ibrahim Giga is one of the people who advocated this adoption, and as he told CoinGeek, companies and governments are increasingly preparing Bitcoin SV.
Jega, founder of Blockchain-as-a-Service Domineum Blockchain Solutions, recently hosted the inaugural Blockchain Developer Summit in Abuja, Nigeria. The event brought together more than 1,000 participants from the private and public sectors to discuss blockchain, with several BSV thought leaders on stage to talk about Satoshi’s vision.
Despite being the inaugural edition, the event set a new record, Jega told CoinGeek.
“We had a record-breaking audience of over 1,500 participants, and hosted over 15 sessions with industry experts to catalyze blockchain adoption in Africa – making it the largest blockchain gathering in Africa,” he revealed.
While it was a win for the entire blockchain industry, the event was particularly significant for BSV. The audience, which included some high-ranking government officials, learned why BSV is the only blockchain network that can scale without limits for corporate use and how integrating the network into operations is a game changer.
The uproar from the event was also a big win for Domineum, with Jega revealing that he has received a lot of calls from entities wanting to partner with his company on BSV-related projects.
The success of the event has now made Domineum one of the most prominent names in the Nigerian blockchain space – so much so that the country’s National Information Technology Development Agency (NITDA) has used the company to cement Blockchain Day for the upcoming day. Nigeria International Digital Conference and Exhibition.
The event will run for three days, starting October 24, with one day devoted to focusing on blockchain technology and its value in Nigeria’s digital agenda.
Advocate for BSV adoption in Nigeria
Jega has been championing BSV adoption in his home country of Nigeria and abroad for some time now. One of the biggest factors of his success is his company’s great relationship with many government agencies. These agencies have been “advocates of continued BSV adoption in the country,” with quite a few “willing to take advantage of BSV blockchain technology in the country.”
“This event was an eye-opener for many, and the government officials present witnessed the unique proposition value of BSV through speakers from the BSV world. They understood that BSV was beyond price speculation,” Jega told CoinGeek.
Accreditation of BSV in Nigeria would be a huge leap for the network. The country is the largest economy in Africa, with a population of over 200 million, it is the sixth most populous country in the world. Chainalysis . Latest Global Adoption Index Rank Nigeria is eleventh to adopt digital currency.
Aside from government partnerships, Domineum is working with academia to bring Bitcoin to the grassroots. The company has partnered with Baze University to educate young minds about Bitcoin, with plans to expand to 12 more institutions in different countries in the near future.
Jega goes beyond just educating the masses about Satoshi’s vision and empowering local developers to build on Bitcoin. At the summit, developers had to pitch their ideas, and the winner – TechBros – connected with Satoshi Block Dojo to help them scale their solutions to impact the lives of millions.
This was not a one-off, and Domineum will continue to enable local startups to build on Bitcoin by connecting them to Dojo and many other opportunities in the Bitcoin world to help them scale.
As Nigeria continues to embrace Bitcoin and blockchain, Jega praised the country’s regulators for their forward-thinking.
“Nigeria has taken the lead in regulating digital assets in Africa and is one of the countries that is looking with interest in managing the digital asset space,” he told CoinGeek.
However, there is room for improvement, and Jega believes that “continued engagement with government stakeholders, which we have already started, will have a significant impact on having a proper blockchain regulatory framework in place in the country.”
Watch: BSV Global Blockchain Convention Committee, Blockchain in Africa
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