BEYOND CRYPTOCURRENCY: Blockchain's impact on Nigerian sectors.

[Tungbulu]

Hello  my fellow Nigerian Bitcointalkers!

Blockchain technology has been trending on the global market and Nigeria is definitely not an exception. Cryptocurrency is one of the most known aspect of Blockchain, but many do not know that it is much more than that. In this thread, we shall look at how the blockchain technology is revolutionizing different sectors in Nigeria,”.

AGRICULTURE:
Blockchain is already beginning to make crazy ass waves in the agricultural industries through platforms like Farmgate and Agriblock, as well as other related services. By leveraging blockchain, farmers can:

- Track their products from its source of origin and distribution
– Confirm the Quality and source of products
- Enjoy fair prices as well as protection of payment.
- Optimise supply chain operations


FINANCE:
Currently, the innovation of Blockchain in the financial sector has led to the introduction of such new tools as PayKind and Kora. They offer:

- Proper financial systems which are safe and easy to use
– low levels of fraudulent activities and highly increased access to Financial services.
- Efficient international  transactions
- There is also emphasis on Infrastructure and availability of financial services.


HEALTHCARE:
There are also availability of systems like Medblocks and Healthchain that are based on the blockchain technology and they have become effective in the reform of healthcare in Nigeria. They enable:

-  a safe and efficient method of storing and exchanging medical records.
- Better outcomes on data input and analysis
– increased patient confidentiality and data consent
- Efficient health care delivery Relevance


VERIFICATION:
Using blockchain in identity management like VerifyMe and IdentityPass is making identification to be more secured and more efficient. They offer:

- Digital identity security
- Biometric authentication
- Real-time verification
- Improved data privacy


VOTING SYSTEMS:
We have now technologies such as Voatz and Blockchain Voting in which voters cast their vote on an online voting platform that guarantees the integrity of the votes. They offer:

- End-to-end verifiable voting
- Tamper-proof records
- Increased voter turnout
- Improved election integrity

The cases I mentioned above provides insight about the immense application of blockchain technology in various sectors of Nigeria. Looking to the future, with advancement in technology, these innovations should be extended to even greater extents across the different sectors.

[Amphenomenon]

Blockchain technology has very much use outside being used to create digital currency like Bitcoin.
You have done well listing various sectors in our country where companies/organisations ad being implementing Blockchain technology.

Sadly will also say this innovation is not really having the growth it deserves since there are still many Investors who might be Sceptical in investing in Blockchain firms in Nigeria simply because majority may see the incompetence of the Nigerian government in regulating cryptocurrency as reason not to consider this Blockchain technologies even for some of the Blockchain firm start-ups since cryptocurrency is created with Blockchain and no body knows what kind of regulations they may actually come up with though this is not really true since the government has been supportive in some sense in Blockchain technology. This is the same Scepticism the customers might have also.

[Agbamoni]

Obviously, Blockchain technology has revolutionized various sectors in the world. But in Nigeria, it has just been more prominent in the Finance sectors We've all seen the government initially resist cryptocurrency, but they're now working towards regulations.

From my observations, it will take quite some time for other sectors to be affected by blockchain technology in Nigeria. It will be a gradual process, but the potential of it happening in the future is certain. In the meantime, a few crypto enthusiasts in the country have been using blockchain technology for other sectors like healthcare and agriculture of which I am a witness.

[Mr Reporter]

Well OP you have listed well just as you have said the adoption of blockchain system in the Nigeria would be a great idea, also when I saw blockchain technology university in Nigeria I was shocked to here about it and I did see some youths trying to learn and also researching about it

Thoroughly all this you listened would be a great start for Nigerian students to learn from the blockchain system and just as you have said the framers how will they really get to learn about the blockchain system when most of them are not even educated. How will this really benefits them in terms of transitions?

[Hatchy]

Well Blockchain technology has been advancing over the years and is well respected for its transparency and wide range of support by global bodies. It's hasn't actually gotten enough audience that it should in our country. Perhaps because of so many regulations our government are imposing on the current aspect which we Nigerian are trying to grab so much. Cryptocurrency space now is the only aspect of Blockchain technology that we have. Other aspect which you have listed above haven't yet gotten a good audience in our country. And it would have been a good innovation if our government had taken them seriously. The economy is dying in many aspects and it would have been better if we took hold of the little opportunities that would have helped.

[Tungbulu]

Well Blockchain technology has been advancing over the years and is well respected for its transparency and wide range of support by global bodies. It's hasn't actually gotten enough audience that it should in our country. Perhaps because of so many regulations our government are imposing on the current aspect which we Nigerian are trying to grab so much. Cryptocurrency space now is the only aspect of Blockchain technology that we have. Other aspect which you have listed above haven't yet gotten a good audience in our country. And it would have been a good innovation if our government had taken them seriously. The economy is dying in many aspects and it would have been better if we took hold of the little opportunities that would have helped.

Absolutely right! Now is high time to illuminate other potential uses and applications of the Blockchain technology in Nigeria. We have to think past Cryptocurrency; let us see the other ways through which it may serve the country. If the appropriate support and awareness are provided, then the implementation of Blockchain can be the key to giving a new direction to the Nigerian economy in terms of transparency, security, and efficiency. It might interest us to know that Blockchain technology is capable of changing the way transactions are done, data is stored, and even the verification of identity.

Our intended Lawmakers, firms and businesses should be receptive to this technology and the prospect it holds with respect to growth and development. So let us have a synergy in harnessing maximum use of blockchain technology for the development of our country Nigeria.

[adultcrypto]

These are wonderful ways cryptocurrency can impact on the Nigerian sectors and I love how you outline them with necessary and practical details. Unfortunately, they may not be possible in Nigeria because our government have never come to understand that bitcoin and the blockchain technology are for good and not harm our country. We have seen rise in unfriendly policies against the digital world by our government and that is not showing that they will explore the beautiful things you have outlined. We can only hope that one day we have leaders that will be ready to harness these green areas to bring real dividend to our people.

[CryptopreneurBrainboss]

Our banking system needs improvement, our electoral system needs an upgrade and this are the two sectors which I think will benefit more from using blockchain. Other countries are already experimenting and using Blockchain for this two sectors and more, I no understand why we still dey waste time for this country to try our new things wey fit solve our problems. Blockchain isn't going to disrupt our fiat money system so I no understand why the government dey fear to adopt Blockchain and still not using it in places that needs improvement. Tinubu wey been dey speak very well about Blockchain dun lock up. We can't be living like this when there are solutions out there.

These are wonderful ways cryptocurrency can impact on the Nigerian sectors and I love how you outline them with necessary and practical details. Unfortunately, they may not be possible in Nigeria because our government have never come to understand that bitcoin and the blockchain technology are for good and not harm our country.

This one no be crypto oh na Blockchain, Blockchain can survive without crypto but for crypto to be crypto it needs the Blockchain. We fit adopt Blockchain and we no go get any wahala with crypto but obviously if the government adopt Blockchain come dey use am e go just belike dem dun endorsed crypto and people go use am spread like wildfire. We sabi as all this marketers dey do, dem fit say the Nigerian government dun adopt cryptocurrency meanwhile na just the Blockchain technology wey dem dey try out.

[Kelward]

Thanks to di OP for listing other various sectors wey dem fit to use Blockchain technology for better and efficient output because most people think say na for only cryptocurrency dem de use am. Blockchain na technology of di future and I know say na matter of time and di adoption go increase for our country. All dis various sectors dem go begin to de see di advantage and with time dem go begin to de use am.

I also de impressed say we don get institutions for Nigeria, wey de teach about Blockchain technology. I hope say as many people wey go de graduate from dis institutions dem go de practicalize wetin dem learn so dat people go de identity with di technology. Why I talk so be say no be wetin most of us read for school we de take make money to survive because some courses no de marketable.