A United Kingdom-based Fintech innovation professional and researcher, Muhammed Moshood, has recommended a wholesome blockchain technology adoption to address many challenges facing Nigeria, Africa’s biggest economy.
He stated this during a presentation at the 10th Annual Convention of the Association of Communications Scholars and Professionals (ACSPN) held recently in the nation’s capital, Abuja, Nigeria.
Moshood, a Senior Marketing professional at SureGroup, a leading Fintech company in Africa noted that blockchain technology, which powers cryptocurrency, can potentially improve the endemic governance challenges, tackle the spate of economic problems and improve the social, civil and cultural sectors.
The professional, who also doubles as a blockchain and development researcher with academic engagements across world-class institutions, including most recently Kent Business School, the University of Kent, Canterbury United Kingdom, added that “service delivery is the cornerstone of public service, and with corruption eating deep into the fabric of the country, perpetrated by some politicians with connivance of a segment of public servants, blockchain immutability and transparency features could prevent leaks and steady quality service delivery to the people of Nigeria, while ensuring that electoral processes are genuinely free and fair.”
The Fintech expert furthered that “Bitcoin (BTC), the most valuable cryptocurrency, is a metaphor for economic development and financial inclusion,” adding that creator economy is a new frontier in economic development that will shape the future, and Nigeria must be adequately prepared to take advantage, leveraging its youthful population and talents.
He added that implementation of the newly launched National Blockchain policy, as well as other policies is sacrosanct and must be done intensely as well.
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