Tokenized Economy Conference Focuses on Addressing Nigeria’s Challenges with Blockchain, AI

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