Bitcoin beyond speculation: Mohammed Jega speaks presses BSV in Africa
Africa’s appetite for digital assets and blockchain technology is unmatched. The region is seizing the opportunities presented by this emerging technology, and with a majority of its population under the age of 25, the stage is set for an explosion in blockchain adoption.
Mohammed Ibrahim Jega is one of the people championing this adoption, and as he tells CoinGeek, businesses and governments are increasingly warming up to Bitcoin SV.
Jega, the founder of blockchain-as-a-service firm Domineum Blockchain Solutions, recently hosted the first Blockchain Developers Summit in Abuja, Nigeria. The event brought together over 1,000 attendees from the private and public sectors to discuss blockchain, with several BSV thought leaders taking the stage to talk about Satoshi’s vision.
Despite the fact that it was the first edition, the event set a new record, Jega tells CoinGeek.
“We had a record audience of over 1,500 attendees, hosted over 15 sessions with industry experts to drive blockchain adoption in Africa – making it the largest blockchain gathering in Africa,” he revealed.
Although it was a victory for the entire blockchain industry, the event was particularly important for BSV. The audience, which included some senior government officials, learned why BSV is the only blockchain network that can scale indefinitely for enterprise use, and how integrating the network into operations is a game changer.
The buzz from the event was also a big win for Domineum, and Jega revealed that he has received many calls from entities wanting to collaborate with his company on BSV-related projects.
The success of this event has now made Domineum one of the most notable names in the Nigerian blockchain space – so much so that the country’s National Information Technology Development Agency (NITDA) has tapped the company to anchor Blockchain Day at the upcoming Digital Nigeria International Conference and Exhibition.
The event will last for three days, starting on October 24, with one day set aside to focus on blockchain technology and its value to Nigeria’s digital agenda.
Championing BSV adoption in Nigeria
Jega has been championing BSV adoption in her native Nigeria and beyond for some time now. One of the biggest factors behind his success is the company’s good relationships with several government agencies. These agencies have “been advocates for BSV’s continued adoption in the country,” with quite a few “willing to leverage BSV blockchain technology in the country.”
“The event was an eye-opener for many, and the authorities present saw the unique value proposition of BSV through the speakers from the BSV world. They understood that BSV goes beyond price speculation, says Jega to CoinGeek.
BSV adoption in Nigeria would be a huge leap for the network. The country is Africa’s largest economy, and with over 200 million inhabitants, the sixth largest country in the world by population. Chainalysis’ recent Global Adoption Index ranked Nigeria 11th for digital currency adoption.
Aside from government partnerships, Domineum is working with academia to take Bitcoin to the grassroots. The company has partnered with Baze University to educate young minds about Bitcoin, with plans to expand to 12 other institutions in different countries in the near future.
Jega goes beyond just educating the masses about Satoshi’s vision and empowers the local developers to build on Bitcoin. At the summit, developers got to pitch their ideas, and the winner – TechBros – was connected to the Satoshi Block Dojo to help it scale its solutions to impact millions of lives.
This was not a one-off, and Domineum will continue to empower local Bitcoin-based startups by connecting them to Dojo and the many other opportunities in the Bitcoin world to help them scale.
As Nigeria’s uptake of Bitcoin and blockchain continues, Jega applauded the country’s regulators for being forward-thinking.
“Nigeria has taken the lead in regulating digital assets in Africa and is one of the countries looking closely at managing the digital asset space,” he tells CoinGeek.
However, there is room for improvement, and Jega believes that “constant engagement with government stakeholders, which we have already started, will have a huge impact on having a proper blockchain regulatory framework in the country.”
See: BSV Global Blockchain Convention panel, Blockchain in Africa
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