Uganda hosts Africa Blockchain technology conference
29-05-2018 14:13:00 | by: Esther Nakkazi | hits: 4242 | Tags:

Uganda through the Ministry of ICT and National Guidance and Blockchain Association of Uganda hosted the Africa Blockchain Conference at Serena Hotel Conference Center last week. 

In his Keynote address on how Africa is ready for the digital age, President Yoweri Museveni said Blockchain technology removes opaqueness in business and replaces it with total transparency.  

He further said Blockchain should not substitute goods and services but enable things to move faster through technology and systems. It should support the four sectors of the economy that produce goods and services such as agriculture, manufacturing and processing Industry, services sector and the ICT sector. 

H.E President Ameenah Gurib-Fakim, the President of Mauritius in her keynote address said the Government of Mauritius is using Blockchain technology to build databases to support developments of its Bio-genetic material and support innovation in the pharmaceutical, cosmetics, crop & seed science. 

The Minister of ICT and National Guidance, Hon Frank Tumwebaze said the Ministry of ICT and National Guidance would appoint an advisory team to study and explore how Blockchain technology can be beneficial to Uganda. 

Dr. Bitange Ndemo, the Chairman, Kenyan Blockchain Task Force said Blockchain is a process of automating trust. He further said to develop Africa, governments need to open up data.

Uganda can harness the benefits of Blockchain Technology in its; land registry to address duplication, health sector to eliminate counterfeit medicines, financial sector to ease financial transactions and support microtransactions which Mobile Money cannot support and in addressing the Identity crisis where people have to carry 5 or more identity cards from National ID, Driving permit to Financial cards. 

Nkwame Rugunda the Chairman of Africa Blockchain conference, said Blockchain sits at the fourth stage of Industrial revolution and will significantly redefine our human and social progress because it addresses the critical underlying fabric that defines our human interactions which is trust.  

Participants were taken through sessions on crypto investment opportunities in Africa in Blockchain technology, building blockchain Infrastructure, blockchain in logistics and trade among others.

The event attracted participants from 23 countries in Africa and others around the world was officially opened by H.E President Yoweri Museveni.