Konga Prepares to Wow Shoppers with Back to School Campaign – Nigerian CommunicationWeek

The event, dedicated to promoting the adoption of Blockchain technology in Nigeria, is part of Cyberchain’s ongoing activities spanning over half a decade, which have been successful in over five states and have attracted over 20,000 Nigerians.

The conference will accommodate over 3,000 attendees and feature over 30 technology leaders from the public and private sectors. It is a must-attend event for real estate practitioners and government officials looking to explore the transformative potential of Blockchain and AI.

“Tokenization of digital assets, powered by Blockchain technology, is a game changer for any organization or government that aims to elevate their businesses or the lives of their citizens. We are delighted that Cyberchain has taken the helm to provide this great opportunity to Nigerians,” says Mr. Jude Ozinegbe, Founder of Cyberchain, Author of Embracing Nigeria’s Digital Economy and Blockchain Facilitator at Baze University, Abuja, Nigeria.

Supporting future innovators

The second day of the conference, October 4, will see the Innovators Challenge, dubbed the Next-Gen Pitch Competition. This initiative encourages university students to develop appropriate Blockchain solutions, referencing the Internet Computer Protocol Blockchain, that solve real-world problems. The winning teams will share a prize pool of N5,000,000, supporting innovation and entrepreneurship among Nigerian youth.

Mr. Adedayo Adebajo, Co-Founder of ICP.Hub Sahara West Africa, notes, “We are excited to partner with Cyberchain to equip the Nigerian youth with the right technology, incubation and financial support to get them started, enabling them to look inward and come up with indigenous innovative solutions to the challenges we face in Nigeria and Africa. We are confident that the winners will become positive success stories of the future.”

The Tokenized Economy project is sponsored by Zinochrome, Hyperspace, Alphageek, ICP_Sahara, NITDA, and supported by Baze University, SiBAN, CDIN, BICCON, BEAN, and numerous community partners.

Blockchain and AI: Catalysts for Nigeria’s Economic Transformation

The integration of blockchain technology and artificial intelligence (AI) holds enormous potential for the Nigerian economy, offering transformative benefits that can transform businesses and government institutions.

With Nigeria facing numerous challenges including corruption, inefficiency and economic instability, the synergy of blockchain and AI technology is proving to be a game-changer, promising transparency, efficiency and innovation.

Using Blockchain and AI to Address Nigeria’s Challenges

The Nigerian economy is plagued by issues such as fraud, lack of transparency and inefficient processes. Blockchain technology, with its decentralized and immutable ledger system, ensures data integrity and transparency, significantly reducing corruption and fraud.

On the other hand, AI offers predictive analytics, process automation, and improved decision-making capabilities. Together, these technologies can streamline government operations, improve service delivery, and support a more inclusive economy.

Digital Assets and Real Estate Tokenization: A Shared Prosperity

One of the most promising applications of Blockchain technology in Nigeria is the tokenization of digital assets and real estate. By converting real estate assets into digital tokens, ownership becomes more accessible, enabling fractional ownership and democratizing investment opportunities.

This could lead to shared prosperity as more Nigerians can participate in real estate investments that were previously out of their reach. Asset tokenization also increases liquidity and provides a safe and transparent trading platform, attracting both local and international investors.

Interested parties in and around Abuja can register for the event for free at cyberchain.com.ng/register