Nigerian blockchain industry spots potential for economic growth and job creation through policy approval.
stated that blockchain and decentralized ledger technology would “facilitate the development of the Nigerian digital economy.” Cointelegraph contacted the local blockchain ecosystem to understand how the industry and the community accept the policy.
He further stated that if the blockchain policy is leveraged correctly, it could help manage digital identity, creating a tamper-proof digital identity for citizens to authenticate and access government services securely. With the proper regulations, blockchain technology could also impact e-payments and billings in Nigeria, Olajide stated.
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