The Tokenised Economy Conference, organised by Cyberchain—Africa’s Web 3 and Digital Economy Aggregator—will be held at Baze University in Abuja on October 3rd and 4th.
As part of their continuous efforts that have lasted for over five years and have had a positive influence on over twenty thousand Nigerians, Cyberchain is hosting an event to promote the adoption of blockchain technology in the country.
There will be more than 30 public and private sector tech leaders among the more than 3,000 attendees at the conference. Anyone interested in the revolutionary possibilities of Blockchain and AI in the real estate industry or among government officials should not miss this event.
Cyberchain Aims to Create a Network of Future Innovators
October 4th, the second day of the conference, will see the Innovators Challenge, now called the Next-Gen Pitch Competition. Undergraduates from participating universities are being challenged to tackle real-world problems by creating Blockchain solutions that make use of the Internet Computer Protocol Blockchain. This competition aims to encourage creativity and entrepreneurship among young people in Nigeria by offering a prize pool of N5,000,000 to the winning teams.
Zinochrome, Hyperspace, Alphageek, ICP Sahara, NITDA, Baze University, SiBAN, CDIN, BICCON, BEAN, and a plethora of community partners are the sponsors of Tokenised Economy.
A Look at the Role of Blockchain and AI in the Revolution of Nigeria’s Economy
Artificial intelligence (AI) and blockchain technology have tremendous promise for Nigeria’s economy, with revolutionary advantages that might change the way companies and the government do business.
With corruption, inefficiency, and economic volatility among Nigeria’s many problems, the combination of blockchain technology with artificial intelligence (AI) could be a game-changer, leading to greater openness, efficiency, and creativity.
Solving Nigeria’s Problems with Blockchain and AI
Many problems plague Nigeria’s economy, including inefficiency, fraud, and a general lack of openness. Data security and transparency are guaranteed by Blockchain Technology’s decentralised and immutable ledger architecture, which greatly reduces corruption and fraud.
AI, on the other side, may automate processes, improve decision-making, and provide predictive insights. When combined, these technologies have the potential to improve service delivery, make government operations more efficient, and create an economy that is accessible to all.
Shared Prosperity through the Tokenisation of Digital Assets and Real Estate
Tokenising digital assets and real estate is one of the most promising uses of Blockchain Technology in Nigeria. Transforming physical property into digital tokens levels the playing field for investment opportunities and makes fractional ownership a reality.
More Nigerians will be able to invest in real estate, which was previously out of their price range, and this could contribute to shared wealth. Attracting investors from all around the world, tokenisation increases liquidity and offers a safe and transparent platform for transactions.
Anyone in the Abuja area or nearby can sign up for this event at cyberchain.com without paying a dime.
Although digital advancements in finance, such as blockchain, have come with a lot of suspicion in the eyes of those who lack knowledge, they are still relevant ventures. With this development, blockchain enthusiasts can seize the opportunity to advance their trade, and hopefully the society would adjust to maximise the opportunity offered.
