NITDA’s Blockchain Strategy Growing Digital Economy – Kashifu Inuwa
TECHDIGEST- The Director General of the National Information Technology Development Agency, NITDA, Mal. Kashifu Inuwa Abdullahi, said that the Blockchain Adoption Strategy developed by their NITDA is to facilitate the effective utilisation of Blockchain technology, towards creating a virile digital economy.
He made this known at a panel session during the ongoing ‘2022 Digital Nigeria Conference Exhibition and Awards’ in Abuja.
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“The strategy outlines the roadmap and schemes for the adoption of Blockchain technology by the government in the digital transformation agenda; in a way that supports efficiency, transparency, and productivity,” Kashifu said.
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According to him, humans have only witnessed the possibilities associated with virtual worlds in science fiction novels, for many years now.
He further revealed that Blockchain digital revolution has several possibilities with broad economic and social implications, saying: “It pushes for the emergence of digital transparency and integrity, leading to extensive changes in business models and governmental functions.
“Innovators are exploring ways to use blockchain technologies to disrupt and transform traditional process models. With its decentralized and trustless nature.
“Blockchain technology can lead to new opportunities and benefits industries through greater transparency, enhanced security, and easier traceability.
“Governments and businesses all over the world have begun to utilise the robust potential usability of Blockchain.
“NITDA is not left behind; we are inclined to employ our statutory responsibility towards innovative technologies to develop strategies for a healthy IT ecosystem that encapsulate emerging technology such as Blockchain”.
