Nigeria Utilizes Blockchain to Enhance National Security

The National Information Technology Development Agency (NITDA) has announced plans to develop a domestic blockchain called “Nigerium” to safeguard the country’s data and enhance national security.

Azcnews Nigeria Utilizes Blockchain To Enhance National Security

This initiative is driven by revelations that many popular blockchain technologies, such as Ethereum, are controlled by foreign developers who may not prioritize the country’s interests.

Kashifu Abdullahi, the Director-General of NITDA, made this announcement while meeting with delegates from the University of Hertfordshire Law School in Abuja. He emphasized that the proposed blockchain will improve national security and protect citizens’ data. Furthermore, Abdullahi highlighted the importance of developing a native blockchain, as it will enable Nigeria to have full control over its data and position.

The concept of the “Nigeria project,” a domestic blockchain specifically for Nigeria, was initially proposed and presented by a delegation led by Chanu Kuppuswamy from the University of Hertfordshire Law School.

Nigeria Blockchain
Nigeria Blockchain

Kuppuswamy argues that developing a domestic blockchain for Nigeria would allow the country to customize the technology according to its needs and ensure compliance with national laws and regulations. However, Kuppuswamy also warns of potential risks when relying on foreign-produced blockchains. As an example, recent changes to Ethereum’s blockchain were made without user consultation.

Related: Comparing ETH with BTC Before ETF Launch

She emphasizes that if Nigeria adopts a foreign blockchain, the country may struggle to influence critical decisions related to blockchain technology. To address this, the delegation proposes that Nigeria establish a Data Embassy, including a server hosted in a third country. This embassy would provide continuous digital sovereignty and protect the nation’s data from adverse events such as natural disasters, cyberattacks, and other threats.

Lastly, the delegation recommends harmonizing blockchain technology across government agencies to enhance collaboration and interdependence.

3.7/5

(3 votes)
  1. Avatar of
    Anonymous

    Hmmmm! Nigeria. I wish this to meet us well ooo.

  2. Avatar of Joy Michael Udousoro
    Joy Michael Udousoro

    Hmmmm! Nigeria. I wish this to meet us well ooo.

  3. Avatar of
    Anonymous

    Dey play

  4. Avatar of
    Anonymous

    This can never favour us 😂😂any Small thing don lock people account seize funds 😂

    • Avatar of
      Anonymous

      Good idea💡

  5. Avatar of Akingbade Nurudeen
    Akingbade Nurudeen

    It’s ok

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

Azcnews Elon Musk Joe Biden

News | Editor Choice | Policy & Regulations

Elon Musk Ends X Feature Amid Trump vs. Biden Saga

Elon Musk has recently stated that he asked to end a special feature on his social media platform X amid the ongoing Trump vs. Biden chronicles in the U.S. elections.

Binance Announces Listing Of Banana Gun (banana)

News | Altcoin | Editor Choice

Binance Announces Listing of Banana Gun (BANANA)

The Binance exchange has announced the listing of Banana Gun (BANANA), and this is also the first project on the Binance Airdrops Portal!

Azcnews Whales Accumulate Dogecoin Amid Price Recovery

News | Altcoin | Editor Choice

Whales Accumulate Dogecoin Amid Price Recovery

Recently, Dogecoin investors have accumulated over 60 million tokens. Some analysts believe the current price drop is only temporary.

Pixelverse Officially Announces Pixfi Token Airdrop

Editor Choice | Altcoin | News

Pixelverse Officially Announces PIXFI Token Airdrop

The renowned game Pixelverse, which has attracted close to 80 million users, has finally announced an airdrop for the community through PixelTap and the Dashboard.

Azcnews Bitcoin Drops To $64,000 Amid Us Stock Market Plunge

News | Bitcoin | Editor Choice

Bitcoin Drops to $64,000 Amid U.S. Stock Market Plunge

Bitcoin has corrected back below $64,000 as the U.S. stock market experiences a sharp decline.