Blockchain & Africa’s

Transformation
by

Muhammed Moshood
SureGroup Nigeria & Kent Business School
University of Kent, Canterbury, UK

Presented @

ACSPN Conference Abuja between 6-7 Sept, 2023

 Backstory...
“When we link information in the Web, we
enable ourselves to discover facts, create
ideas, buy and sell things, and forge new
relationships at a speed and scale that was
unimaginable in the analogue era.”

Tim Berners-Lee (1990)

Understanding the tech

Blockchain is a decentralised
and immutable digital ledger
system that records
transactions across a
network of computers.
Blockchain in
Transformation
The how... Governance is about service. Leveraging
blockchain in public service will
01 accelerate development and improve
our electoral processes. Russia once
adopted blockchain tech for elections.

02 BTC is a Metaphor for Economic

Development: Financial Inclusion.

Civil, Cultural, and Social sectors are

03 changing; a new order, tagged

CREATOR ECONOMY, is brewing and
will shape the future
Challenges of
Blockchain Adoption

01 02 03
inadequate dearth of illiteracy
political will infrastructure
Way Forward
What can we do?
Policy &
Implementation

Nigeria looking to the West for policy

inspiration or willful duplication of
existing laws does no good. Existing
policies deserve intense
implementation.
 Leadership
The Nigerian government must lead
the charge in deploying blockchain
technology in conducting its
businesses. Leadership is central, and
it’s action-oriented.
 Policies are not enough. The government
must create an enabling environment so
Not enough... new players are not suffocated. This will
create competitiveness and innovation.

Policy The Nigerian government's role is central

to advancing the country's place on the
African continent.
 Increased
Increased investment in tech and non-tech
knowledge acquisition must be central to
all of these agendas without fair or favour
to any group or leaning. Investments
... And
Partnerships
The government must partner with
the private sector and academics to
drive local ingenuity, R & D, and the
adoption of blockchain across the
web3 spectrum.
 Blockchain is at
an early stage. ACSPN and all
stakeholders must take charge -
to drive the FUTURE we want.
Thank you