Cyberchain, Africa’s Web 3 and Digital Economy Aggregator, has announced the Tokenized Economy Conference, set to take place on the 3rd and 4th of October at Baze University, Abuja.

This event, dedicated to promoting Blockchain adoption in Nigeria, is part of Cyberchain’s ongoing efforts, spanning over half a decade, with successful impacts in more than five states and over 20,000 Nigerians.

The conference will accommodate over 3,000 participants and feature over 30 Tech leaders from both the public and private sectors. This is a must-attend event for real estate practitioners and government executives eager to explore the transformative potential of Blockchain and AI.

“Digital Assets Tokenization, powered by Blockchain Technology, is a game changer for any organization or government that intends to elevate their businesses or the lives of their citizens, respectively. We are delighted that Cyberchain has taken the driver’s seat to bring this great opportunity to Nigerians,” says Mr. Jude Ozinegbe, Founder of Cyberchain, author of Embracing Nigeria’s Digital Economy and Blockchain Facilitator at Baze University, Abuja Nigeria.

Empowering Future Innovators

On the second day of the conference, October 4th, the Innovators Challenge, dubbed the Next-Gen Pitch Competition, will take place. This initiative encourages university undergraduates to develop applicable Blockchain solutions, referencing the Internet Computer Protocol Blockchain, addressing real-world challenges. The winning teams will share a prize pool of N5,000,000, fostering innovation and entrepreneurship among Nigerian youths.

Mr. Adedayo Adebajo, Co-founder of ICP.Hub Sahara West Africa, remarks, “We are excited to collaborate with Cyberchain to empower Nigerian youths with the relevant tech, incubation, and kick-off financial support, enabling them to look within and propose homegrown innovative solutions to the challenges peculiar to us in Nigeria and Africa. We are confident that the winners will become positive success stories in the future.”

Tokenized Economy is sponsored by Zinochrome, Hyperspace, Alphageek, ICP_Sahara, NITDA, supported by Baze University, SiBAN, CDIN, BICCON, BEAN, and numerous community partners.

Blockchain and AI: Catalysts for Nigerian Economic Transformation

The integration of Blockchain Technology and Artificial Intelligence (AI) holds immense potential for the Nigerian economy, offering transformative benefits that could redefine the landscape for businesses and government operations alike.

As Nigeria faces numerous challenges, including corruption, inefficiencies, and economic volatility, the synergy of Blockchain and AI emerges as a game changer, promising transparency, efficiency, and innovation.

Using Blockchain and AI to Address Nigeria’s Challenges

Nigeria’s economy grapples with issues such as fraud, lack of transparency, and inefficient processes. Blockchain Technology, with its decentralized and immutable ledger system, ensures data integrity and transparency, significantly reducing corruption and fraud.

AI, on the other hand, offers predictive analytics, process automation, and enhanced decision-making capabilities. Together, these technologies can streamline government operations, enhance service delivery, and foster a more inclusive economy.

Digital Assets and Real Estate Tokenization: Shared Prosperity

One of the most promising applications of Blockchain Technology in Nigeria is the tokenization of digital assets and real estate. By converting real estate assets into digital tokens, ownership becomes more accessible, enabling fractional ownership and democratizing investment opportunities.

This can lead to shared prosperity, as more Nigerians can participate in real estate investments previously out of their reach. The tokenization of assets also enhances liquidity and provides a secure and transparent transaction platform, attracting both local and international investors.

Interested individuals in Abuja and environs, can register to attend this event for free at cyberchain.com.ng/register

AVEVA, a global leader in industrial software driving digital transformation and sustainability, today announced updated capabilities and commercial models for their award-winning InTouch Unlimited HMI/SCADA software.

Doug Warren, AVEVA’s Senior Vice President, Monitoring & Control Business

New features, optimized commercial models, and pricing make it easier for end users, original equipment manufacturers (OEMs), and systems integrators (SIs) to develop and scale HMI/SCADA applications from edge-to-cloud, with the ability to incorporate analytics and CONNECT, AVEVA’s industrial intelligence platform.

AVEVA InTouch Unlimited empowers system integrators with the most comprehensive suite of HMI/SCADA technology available in the market today. It is an all-inclusive licensing package available in perpetual and subscription models with unlimited tags, clients, and scalability.

The InTouch Unlimited package features comprehensive process historian and reporting functionality, equipping users with the ability to collect and unlock the value of data sourced at the edge, and from multiple plants and systems spanning the enterprise.

The modernized development tools are now available free of charge and include prebuilt templates to accelerate design productivity, as well as simplified tag and application development workflow leveraging industry standard protocols such as OPC-UA and MQTT.

SIs and users can easily develop, deploy, and scale HMI/SCADA applications using InTouch Unlimited. As a component of the broader AVEVA Operations Control software portfolio, InTouch Unlimited can utilize hybrid-cloud architecture to easily integrate AI features such as predictive quality, throughput, and energy efficiency into traditional HMI/SCADA applications.

By pairing AVEVA Operations Control with CONNECT, developers can consolidate operations data from various production lines, plants, and value chains. This provides a centralized view of operations and allows the system to scale with business growth without the need for application redevelopment.

InTouch continues to be an innovation leader in HMI/SCADA since the technology’s inception over three decades ago. AVEVA is committed to delivering products that make it easy to evaluate our software portfolio, develop tailored solutions, and scale to meet growing business needs. Doug Warren, AVEVA’s Senior Vice President, Monitoring & Control Business, emphasizes this user-focused approach. “AVEVA InTouch Unlimited provides unprecedented value for our system integration partners,” says Warren.

“This new offer, coupled with our focus on technical enablement through the Heroes HQ forum and bite sized video-based training content, makes choosing AVEVA HMI/SCADA products easier than ever.”

Mr. Khalil Suleiman Halilu, Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), at the weekend presided over the launch of the Presidential CNG Initiative’s (Pi-CNG) Conversion Incentive Program for rideshare sector, alongside the introduction of the MY-CNG App.

Program Director Pi-CNG. Engr. Michael Oluwagbemi (6th from left); EVC/CEO OF NASENI, Khalil Suleiman Halilu(5th from left): DG FRCN, Dr Bulama Muhammad (4th from right) and CEO of Portland Gas Limited, Mr Folajimi Mohammed (4th from left) at the launch of PI-CNG’s Ride-Share CNG Conversion Incentive Program and My-CNG App at the NASENI-Portland Conversion Centre, Utako, Abuja, on Friday , August 9, 2024.

This landmark event took place at NASENI’s Compressed Natural Gas Engineering, Training, and Conversion facility in Utako, reflecting the Agency’s commitment to pioneering technology-driven solutions for Nigeria.

The event held at NASENI-Portland CNG Conversion Centre, Utako, Abuja, was graced by the Honourable Minister of State (Gas), Petroleum Resources, Hon. Ekperipe Ekpo, who served as the Special Guest of Honour, alongside Honorable Minister for Information and National Orientation, who was represented by the Director-General of Federal Radio Corporation of Nigeria (FRCN), Dr Muhammed Bulama and other ecosystem players.

In his remarks, Khalil Halilu, EVC/CEO of NASENI emphasized the significance of Pi-CNG in Nigeria’s gas revolution, noting that the Initiative has quickly become central to discussions on the nation’s energy future.

“A little over two months ago, we commissioned this all-in-one CNG facility in partnership with Portland and Dana Motors. This joint venture is part of NASENI’s vision to accelerate the delivery of market-ready products that reduce the cost of living, improve quality of life, and support President Bola Ahmed Tinubu’s Renewed Hope Agenda,” he stated.

The Conversion Incentive Program, aimed at the rideshare sector, including Uber and Bolt drivers, offers a 50 per cent discount to drivers who sign up and use the newly launched MY-CNG App.

“CNG is a cleaner, more affordable vehicle fuel, with the potential to reduce transportation costs by up to 70 per cent and deliver 40 per cent savings for car owners,” the EVC/CEO explained. He stressed that this initiative is a response to the current economic challenges, offering a viable solution to reduce the cost of living for Nigerians.

Halilu also highlighted the importance of collaboration in achieving these milestones, commending partners Pi-CNG, Portland, and Dana Motors for their dedication. “Working together, we can and will transform Nigeria’s energy and transportation sectors,” he affirmed.

The launch of the MY-CNG App and the Conversion Incentive Program reflect NASENI’s commitment to leveraging technology to drive national transformation. The EVC/CEO concluded by reiterating NASENI’s role as a technology enabler, partnering with the private sector to bring innovative solutions to market and support national development goals, including energy efficiency, climate action, job creation, and poverty alleviation.

NASENI remains Nigeria’s leading technology-transfer agency, purposely built to fostering innovation, research, and development to support the country’s industrial growth and economic sustainability.