Tag: Nigeria national blockchain

Nigerian National Assembly and The Uk Blockchain Application Example

Blockchain Application is becoming a global phenomenon. Many countries of the world are adopting it into their National Economies.

Recently Uk Parliament is to meet next week to discuss on how to adopt the Blockchain Application in their National Economy.

Nigeria could follow the Uk Example by adopting the Blockchain Technology in the Nigerian Economy.

The Nigeria National Assembly should form an Economic Committee to discuss Blockchain Application. This will go a long way in boosting our dwindling Nigerian economy.

Blockchain technology Experts from universities and Research institutes should be consulted on the area of Blockchain Application in Nigeria.

The Uk Government has consulted Experts in their own case to speak on the Blockchain Application issue.

According to Coindesk post  ,Stan is quoted at saying:

“The committee will notably feature testimony from Ben Broadbent, the deputy governor of monetary policy for the Bank of England who remarked this past March that a central bank-issued digital currency could have a major impact on banking”

He went further to state this in the post: 

“In addition to Broadbent, witnesses set to speak include Digital Asset Holdings CEO Blythe Masters; 11:FS co-founder and director of blockchain Simon Taylor; Imperial College Centre for Cryptocurrency Research associate director Dr Catherine Mulligan; Gresham College professor of commerce Michael Mainelli; and PwC transformation and assurance director Lord Spens”

The  Central bank of Nigeria could also be consulted on this Blockchain Application issue for clarification and enforcement.

 I am urging Nigerian Parliament to follow the UK Blockchain Application example.