Nigeria Unveils Blockchain Roadmap, Aiming to Lead Global Adoption
Nigeria is taking a significant step towards embracing blockchain technology. The nation is developing a national blockchain policy, guided by a whitepaper titled 'Co-Creating a Roadmap for Blockchain in Nigeria'. This report signals Nigeria's ambition to become a co-leader in global blockchain adoption, not just a follower.
The development of the whitepaper involves collaboration and reflects democratic, bottom-up principles. It invites the public to contribute, fostering openness and a desire to crowdsource intelligence from Nigerians at home and abroad. The report's methodology used Generative AI and scholarly data analysis to identify top blockchain researchers of Nigerian descent worldwide. Notably, 21 such researchers have been confirmed as key contributors to the field and included in the advisory body.
The roadmap focuses on key areas for blockchain implementation, including finance, agriculture, and digital identity. By adopting blockchain, Nigeria seeks solutions to long-standing issues such as financial inclusion, supply chain transparency, and digital identity. The report aligns blockchain adoption with Nigeria's broader digital transformation goals.
If successful, Nigeria's blockchain roadmap could set a precedent for emerging economies charting their own digital futures. The report's crowdsourcing and stakeholder engagement approach demonstrates Nigeria's commitment to inclusive policymaking. With this initiative, Nigeria is positioning itself as a significant player in the global blockchain landscape.
