Ethereum and ICOs Crucial to Nigerian Economy

From Blockchain-based events to collaboration between startups, banks and governments, Nigeria's approach to digital currency is very convincing. Oladapo Ajayi, one of the founders of SuperDAO, considers the Ethereum platform and the possible ICO will provide many additional benefits to the country.

SuperDAO, a reputation-based DAO governance system for distributed applications (Dapps), recently completed a five-week training program for Ethereal developers in Nigeria and is preparing to launch pre-sale tokens soon. Ajayi believes that Ethereal Blockchain can offer financial empowerment to the people of Nigeria, and greatly spur economic growth in the country. He says:

"An economy is driven by renewed vigor in the prospect of an economic opportunity that is open to anyone and all can take advantage of a new industry that is growing at high speed."

Decentralized, open and powerless Blockchain technology could be the foundation of economic empowerment in Nigeria. Trade co-workers, new exchanges, and innovative ICO also offer an opportunity to the technically savvy Nigerians.

Most of the discussions about Blockchain technology in Africa are centered around South Africa and Mauritius. Key banks in South Africa have embarked on a pilot project using the Ethereal Blockchain and the Mauritius island nation touted as the "Ethereum Valley." Nigeria should be included in such discussions because the country promises much.

Ajayi notes that working with technologically inclined innovators and developers will ultimately help build applications into important indispensable industries and facilitate local and global interactions that will increase Nigeria's GDP.

Ajayi added adding:

"What we do not want ... is allowed to use databases disguised as" Blockchains "[which are being mentioned by financial institutions.] [These institutions] have encouraged regulations that will hamper innovation and free-market activity. ] This will double the already burdensome and oppressive relationships that Nigerians have with financial institutions and also put pressure on global financial participation for free. "

The ongoing ICO-based Blocko-based initiative in Nigeria is Cryptogene. The project targets Africa and seeks to create better integration through the technology it offers.

Cryptogene is one of the first startups to come from Africa. Cryptogene has just started its CGT pre-sale on the Wave platform.