Connect with us

TechNews

Highlights from Lagos Blockchain, AI and Digital Assets Conference 3.0

Published

on

Lagos Blockchain, AI & Digital Assets Conference 2019
Nigeria’s premium blockchain conference of value and innovation dubbed Lagos Blockchain, AI & Digital Assets Conference 2019, with the theme: Blockchain & AI: Beyond the hypes, provoked a lot of thoughts among speakers, panelists and delegates.

The conference annually organised and curated by Blockchain Nigeria User Group was the 7th event in the series and the 3rd holding in Lagos.

The conference which provided opportunity for neophytes to inquire from industry leaders, also provided ground for experts to argue and compare notes, especially on issues around regulating and taxing cryptocurrencies and other emerging technologies.

Lagos Blockchain, AI & Digital Assets Conference 2019

Cross Section of attendees

The ​​National Information Technology Development Agency (NITDA) said that regulating Information Technology (IT) would ensure sustainable development in the country.

The Director General of NITDA, Dr Isa Pantami, said that regulations are not meant to stifle IT innovations rather to promote it and put things in place to protect the vulnerable.

According to DG who was represented by the Head of South West Zonal Office, Mrs Chioma Oke-Aguguo, for effective regulating, inputs will be gathered from others stakeholders like the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation, (NDIC) since it has to do with monetary issue.

Lagos Blockchain, AI & Digital Assets Conference 2019

Head of NITDA South West Zonal Office, Mrs Chioma Oke-Aguguo representing the DG

“This conference is a unique opportunity to explain to the public the benefits and challenges of blockchain and its application in Nigeria.

“Digital economy is relied on a third party entity and can be hacked but the adopting of blockchain can play a role of ensuring that people’s privacy is protected,” he said.

ALSO READ  How to protect your organization from spear-phishing

Pantami said that new innovation had gathered necessary hypes but not taking into consideration the infrastructure that was needed, adding that it was where the Agency will come with regards regulation.

He said that key to adoption of blockchain was digital identity, adding that the agency would make use of Public Key Infrastructure(PKI) which was a set of roles, policies, and procedures needed to create, manage, distribute, use, store & revoke digital certificates and manage public-key encryption.

The NITDA DG said that it would help to earn the trust and confidence of people within the cyberspace.

Also speaking, President, Fintech Association of Nigeria, Dr Segun Aina, said that there was the need to critically look at what solutions of blockchain applications the country would want to pitch on for its growth.

Lagos Blockchain, AI & Digital Assets Conference 2019

President, Fintech Association of Nigeria, Dr Segun Aina

He said that to actualise this, there was also the need to domesticate blockchain application in the country.

He urged the Blockchain User Groups to stand as advocacy and support groups and to continuously engage with government to ensure blockchain adoption in the country.

Advertisement

“Government needs to ensure that they digitise its activities, elevate discussion of the technology as such that it is well known by the public to improve their lives.

On his part, the Chief Economist, PwC Nigeria, Mr. Andrew Nevin, argued that Africa and Nigeria in particular must not neglect the potentials the emerging technologie such as blockchain, artificial intelligence, machine learning, virtual reality, internet of things, among others.

Lagos Blockchain, AI & Digital Assets Conference 2019

Chief Economist, PwC Nigeria, Mr. Andrew Nevin

According to Nevin, “For instance, Nigeria will find it difficult to deliver quality healthcare and education, in the nearest future, particularly, to the rural dwellers, if it should neglect the emerging technologies.

ALSO READ  Computer Professionals Registration Council of Nigeria inducts 550 members

“AI is meant to solve problems, like UBA has done with LEO chatbot. Likewise, adopting blockchain will bring about even trust among Nigerians. Because trust is one issue that the people are battling with.

Lagos Blockchain, AI & Digital Assets Conference 2019

The Chief Economist of PwC, however said,”Blockchain is not the future for Nigeria; it is already here as demonstrated by the Nigeria Customs Service which uses blockchain for excise tax collection”.

Mr. Nevin, also suggested that the country needs ubiquitous broadband to tap into the aforementioned emerging technologies.

Earlier, the Convener and founder of Blockchain Nigeria User Group, Mr Chimezie Chuta said that the knowledge that would be got from the conference would position the country where they are meant to be as regards technology.

Lagos Blockchain, AI & Digital Assets Conference 2019

The Conference Convener, Chuta

“We need to receive valuable things that would aid the country, go out with information and be able to apply them.

“The application of this information will give us new experience that will push the country to the next level.

He added that the conference remains the credible platform for AI and Blockchain/ Virtual Financial Assets communities in Nigeria and across the world, to explore the possibilities at the intersection of these technologies.

He said that the conference would continue to bring together stakeholders who are applying artificial intelligence to solve today’s problems and creating tomorrow’s opportunities, while leveraging available tools, to create entirely new values.

Lagos Blockchain, AI & Digital Assets Conference 2019

Yongjie Athena Yu, Executive Director, Binance Charity Foundation (BCF)

Other speakers include Germaine Ifudu, Crypto Currency Advisor, Fund Manager, Angel Investor, IT Specialist, Project Management Professional; Yongjie Athena Yu, Executive Director, Binance Charity Foundation (BCF); James Hinton, Advisor and Crypto Enthusiast at Flashcoin.io. Lateral thinker and serious entrepreneur; Chima Abafor, Co-founder, Chief Technology Officer at Ogwugo and Ugarsoft; Shamim Khan, Esq., drector, Lex Futurus (UK) Blockchain Regtech & Law Limited; Roberts Akinsope who leads EY West Africa’s Digital Solutions team, amongst others with TechEconomy.ng as official media partners.

Lagos Blockchain, AI & Digital Assets Conference 2019

Chief Economist, PwC Nigeria, Mr. Andrew Nevin

The second day of the event featured Masterclasses on AI strategies for Executives & Business Leaders; Cryptocurrency trading; Blockchain for Tax Firms/Regulators and Blockchain, Banking & Trillions: Decentralized Finance.

ALSO READ  #ICTELexpo2019: FMST, Communications Ministry, share views on Nigeria’s path to fourth industrial revolution

More photos from the event:

Advertisement

Lagos Blockchain, AI & Digital Assets Conference 2019

Lagos Blockchain, AI & Digital Assets Conference 2019 Lagos Blockchain, AI & Digital Assets Conference 2019 Lagos Blockchain, AI & Digital Assets Conference 2019 Lagos Blockchain, AI & Digital Assets Conference 2019

Lagos Blockchain, AI & Digital Assets Conference 2019 Lagos Blockchain, AI & Digital Assets Conference 2019

Lagos Blockchain, AI & Digital Assets Conference 2019

Advertisement
Click to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Advertisement
Advertisement

Facebook