Nigerium: Inside NITDA’s plan to build Nigeria’s indigenous blockchain network

The National Information Technology Development Agency (NITDA) has disclosed Nigeria’s intention to develop a blockchain branded “Nigerium.”

According to the revelation by Kashifu Inuwa Abdullahi, NITDA’s Director-General, the indigenous blockchain is made necessary by the need to protect the country’s data and promote national security because of the revelation that prominent blockchain technologies are controlled by foreign developers who may not prioritize Nigeria’s interest.  

According to Investopedia, a blockchain is a distributed database or ledger shared among a computer network’s nodes. Blockchains can be used to make data in any industry immutable and unalterable.

By Temitope Akintade.

Full story at Tech Next24.