NCC, Stakeholders Brainstorm On Blockchain’s Benefits To Economy

NCC, Stakeholders Brainstorm On Blockchain’s Benefits To Economy
The NCC, the Stakeholders, have deliberated on the benefits derivable from emerging technologies such as Blockchain to advance the growth of the Nigerian economy.
At a recently-organized two-day workshop by the Commission, in collaboration with the Bureau of Public Service Reforms (BPSR), stakeholders agreed that through effective implementation of policies, regulations and directions driven by the NCC, Blockchain could be a bedrock of economic innovation and growth.
The workshop, which took place in Abuja and focused on ‘’Distributed Ledger Technology (Blockchain) Ecosystem, Decentralisation and Adoption Methods’’, drew participants from financial institutions, Ministries, Departments and Agencies (MDAs), the academia, the Nigerian military, and paramilitary forces, the Nigerian Cyberwarfare Command, and the private sector.
Addressing the audience at the event, Dr. Haru Al-Hassan, NCC’s Director, New Media and Information Security, who delivered the opening speech at the event on behalf of Prof. Umar Danbatta, the Executive Vice Chairman of the Commission, said
“good regulatory policies are the bedrock of innovation and growth. It is the aspiration of the Commission that Distributed Ledger Technologies (DLTs), otherwise known as Blockchain and other innovative technologies and services, would continue to thrive and contribute to the growth and development of Nigeria.”
In the same vein, Dr. Dasuki Arabi, the Director-General, BPSR, stated
“The Nigerian government is already making efforts, through several initiatives, to harmonize emerging technologies with the contemporary public service sector to strengthen the efficiency of the public sector. Blockchain would be central in the implementation of the National e-Govt Masterplan.”