Fun

News Feed - 2023-08-10 06:08:06

Amaka Nwaokocha14 hours agoNigeria to issue verifiable blockchain certificates for NYSCThis initiative aims to house all NYSC certificates on the blockchain, providing individuals with the means to easily verify and authenticate them.1580 Total views21 Total sharesListen to article 0:00NewsJoin us on social networksKashifu Inuwa Abdullahi, who holds the position of director-general at the National Information Technology Development Agency (NITDA), has disclosed that blockchain technology will be employed for the generation and validation of National Youth Service Corps (NYSC) certificates within Nigeria.


The NYSC is a program in Nigeria that requires university graduates under 30 years old to undergo a one-year period of national service involving community development projects and cross-cultural integration.


This declaration took place at the Stakeholders’ Policy Dialogue centered around the execution of the National Blockchain Policy. The gathering was organized by NITDA in collaboration with the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN).Image of Kashifu Inuwa Abdullahi, director-general at NITDA at the event. Source: YouTube


The director-general of NITDA highlighted that the NYSC certificate has been susceptible to considerable counterfeiting within Nigeria. Consequently, the director-general approached NITDA for assistance, and a mutual agreement was reached to aid in the creation of a blockchain-based certificate authentication system. This initiative aims to house all NYSC certificates on the blockchain, providing individuals with the means to easily verify and authenticate them.


Additionally, Abdullahi articulated the plan to furnish individuals who have successfully completed training programs under NITDA with certificates backed by blockchain technology. He also highlighted the willingness of the Central Bank of Nigeria to collaborate with the broader ecosystem.


As per the head of NITDA, blockchain presents a significant economic potential and a tangible avenue to delve into the extensive prospects of blockchain technology and its application in the issuance of certificates. Abdullahi said:“I believe blockchain, with the ability to add $1.7 trillion to the global GDP, will be a good technology for Nigeria to leverage. And if we position ourselves well based on the BWC report, Nigeria can add about $40 billion to its GDP by 2030.”


Related:Binance faces calls for ban by Nigerian Bureau De Change association


A prominent voice at the gathering was Obinna Iwuno, serving as the president of SiBAN, who conveyed a positive outlook on the sector’s forthcoming prospects. He highlighted that the government has embraced a grander vision for our industry and its future potential.


Consequently, they have begun to adopt a more comprehensive and expansive viewpoint, expressing their readiness to forge even stronger collaborations with the SiBAN, with the aim of ensuring the robust expansion of the industry.


Magazine:Blockchain games aren’t really decentralized… but that’s about to change# Blockchain# Central Bank# Technology# Nigeria# AdoptionAdd reactionAdd reactionRelated NewsHow to track and report crypto transactions for tax purposesThe absurd AI mania is coming to an endDear crypto writers: No one wants to read your ChatGPT-generated trash

News Feed

Jesse Coghlan7 hours agoCrypto custodian Prime Trust files for Chapter 11 bankruptcyThe crypto custodian’s bankruptcy comes as it’s been unable to honor customer withdrawals for months.3798 Total views22 Total shares
Millions in BTC, XMR possibly stolen after reports of darknet market ‘exit scam’
Felix Ng7 hours agoMillions in BTC, XMR possibly stolen after reports of darknet market ‘exit scam’Incognito Market, a darknet marketplace for narcotics trading, has reportedly exit-scammed its users of their BTC and
Worldcoin turns one: Looking back at a year of controversy and growth
Shiraz Jagati10 hours agoWorldcoin turns one: Looking back at a year of controversy and growthOne year in, Worldcoin’s vision of a universal digital identity system shows promise with millions of users.1248 Total views
Elon Musk renews lawsuit against OpenAI, Sam Altman — Filing
Alex O’Donnell5 hours agoElon Musk renews lawsuit against OpenAI, Sam Altman — FilingMusk claims he was misled about the ChatGPT creator’s true purpose.677 Total views1 Total sharesListen to article 0:00NewsOwn thi
NYT Study: Coinbase Underpaid Female and Black Employees at Much Larger Rates Than Those in the Technology Industry
NYT Study: Coinbase Underpaid Female and Black Employees at Much Larger Rates Than Those in the Technology Industry An analysis performed by the New York Times o
Coinbase Receives In-Principle Approval to Provide Crypto Services in Singapore
Coinbase Receives In-Principle Approval to Provide Crypto Services in Singapore Singapore’s central bank, the Monetary Authority of Singapore (MAS), has given Coinbase “
South African Firms Ordered to Cease Crypto Debit Card Scheme in 2 US States
South African Firms Ordered to Cease Crypto Debit Card Scheme in 2 US StatesTwo U.S. states have issued emergency cease and desist orders to South African firms and a South African
Deutsche Bank joins Singapore's asset tokenization project
Helen Partz11 hours agoDeutsche Bank joins Singapore"s asset tokenization projectDeutsche Bank joined Singapore’s tokenization project soon after reiterating skepticism about transparency about the world’s largest st
Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country’s Muslim Population
Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country"s Muslim Population Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhamm
Crypto community marks 10-year Ethereum ICO anniversary with global events
Rachel Wolfson11 hours agoCrypto community marks 10-year Ethereum ICO anniversary with global eventsThe Ethereum initial coin offering launched on July 22, 2014, marking the beginning of the blockchain’s journey.1282 T
Rakesh Upadhyay5 hours agoPrice analysis 8/2: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOTBitcoin is witnessing a strong battle between the bulls and the bears, with the sellers currently holding a slight edge.213
Aussie admits to promoting BitConnect crypto services without a license
Ciaran Lyons3 hours agoAussie admits to promoting BitConnect crypto services without a licenseThe Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform