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.

4.0/5

(4 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💡

    • Avatar of
      Anonymous

      Exactly 😂

  5. Avatar of Akingbade Nurudeen
    Akingbade Nurudeen

    It’s ok

Comments are closed.

Latest

Chartgpt Freezes After Integrating Apple Intelligence

News | Altcoin | Bitcoin | Bitcoin Layer2 | DePin | Editor Choice | GameFi | Memecoin | Newbies

ChartGPT “Freezes” After Integrating Apple Intelligence

The world's leading AI tool, ChartGPT, unexpectedly went offline early this morning after OpenAI integrated Apple Intelligence.

Cz Predicts Bitcoin Will Surge To $850,000

News | Bitcoin | Editor Choice

CZ Predicts Bitcoin Will Surge to $850,000

Another ambitious Bitcoin price prediction comes after Binance co-founder Changpeng Zhao asserted that the asset could rise more than 8x.

How To Complete Kyc For Azcoiner

News | Airdrops | Editor Choice | PRESS RELEASES

How to Complete KYC for AZCoiner

AZCoiner will begin KYC verification process. By completing KYC, you'll unlock exclusive benefits designed to enhance your experience with AZCoiner.

Bitcoin Soars Again, Closes The Day Above $100,000

News | Analytics | Bitcoin | Editor Choice

Bitcoin Soars Again, Closes the Day Above $100,000

Bitcoin has recovered and closed the daily candle above $100,000, raising hopes of further price gains in December.

What Is Magic Eden Informtion About Me Token

News | Editor Choice | NFT | Research

What is Magic Eden? Informtion about ME Token

After OpenSea, Magic Eden is the largest and most reputable NFT marketplace in the cryptocurrency market. Magic Eden supports most networks, with up to 1.4 million users, generating revenue of $58.3 million in 2024. On December 10, 2024, Magic Eden officially listed the ME token.