The tokenization of digital assets and real estate can lead to shared prosperity, as more Nigerians can participate in real estate investments previously out of their reach, says Africa’s Web 3 and Digital Economy Aggregator, Cyberchain.
By converting real estate assets into digital tokens, it stated that ownership becomes more accessible, enabling fractional ownership and democratising investment opportunities, adding that, “the tokenization of assets also enhances liquidity and provides a secure and transparent transaction platform, attracting both local and international investors.”
To this end, Cyberchain is organising the Tokenized Economy Conference, set to take place on the 3rd and 4th of October in Abuja, an event, it stressed, is dedicated to promoting Blockchain adoption in Nigeria as part of Cyberchain’s ongoing efforts, spanning over half a decade, with successful impacts in more than five states and over 20,000 Nigerians.
Speaking on this development, the founder of Cyberchain and author of Embracing Nigeria’s Digital Economy and Blockchain Facilitator at Baze University, Abuja, Jude Ozinegbe said, the conference will accommodate over 3,000 participants and feature over 30 Tech leaders from both the public and private sectors,nothing that, this is a must-attend event for real estate practitioners and government executives eager to explore the transformative potential of Blockchain and AI.
“Digital Assets Tokenization, powered by Blockchain Technology, is a game changer for any organisation or government that intends to elevate their businesses or the lives of their citizens, respectively. We are delighted that Cyberchain has taken the driver’s seat to bring this great opportunity to Nigerians,” he pointed out.
Saying the integration of Blockchain Technology and Artificial Intelligence (AI) holds immense potential for the Nigerian economy, offering transformative benefits that could redefine the landscape for businesses and government operations alike, he pointed out that, the synergy of Blockchain and AI emerges as a game changer, promising transparency, efficiency, and innovation, especially, as Nigeria faces numerous challenges, including corruption, inefficiencies, and economic volatility.
According to him, “Nigeria’s economy grapples with issues such as fraud, lack of transparency, and inefficient processes. Blockchain Technology, with its decentralised and immutable ledger system, ensures data integrity and transparency, significantly reducing corruption and fraud.
“AI, on the other hand, offers predictive analytics, process automation, and enhanced decision-making capabilities. Together, these technologies can streamline government operations, enhance service delivery, and foster a more inclusive economy.”
On the second day of the conference, which is October 4th, he said, the Innovators Challenge, dubbed the Next-Gen Pitch Competition, will take place as the initiative encourages university undergraduates to develop applicable Blockchain solutions, referencing the Internet Computer Protocol Blockchain, addressing real-world challenges while the winning teams will share a prize pool of N5 million , fostering innovation and entrepreneurship among Nigerian youths.
Co-founder of ICP.Hub Sahara West Africa, Mr. Adedayo Adebajo, noted that, “We are excited to collaborate with Cyberchain to empower Nigerian youths with the relevant tech, incubation, and kick-off financial support, enabling them to look within and propose homegrown innovative solutions to the challenges peculiar to us in Nigeria and Africa. We are confident that the winners will become positive success stories in the future.”
Disclosing that the Tokenized Economy is sponsored by Zinochrome, Hyperspace, Alphageek, ICP_Sahara, NITDA, supported by Baze University, SiBAN, CDIN, BICCON, BEAN, and numerous community partners, he urged interested individuals in Abuja and environs, to register and attend this event for free at cyberchain.com.ng/register.