logo

How BSV blockchain is creating a system of trust in Nigeria

Written by

Ryan Brothwell

Published On

13 Sep 2022

The BSV blockchain can be used to strengthen the trust between government and citizens, says Kashifu Inuwa Abdullahi, Director-General and CEO of the National Information Technology Development Agency (NITDA) in Nigeria.

Speaking at the sidelines of the inaugural Developers Summit in Abuja, Abdullahi said the adoption of blockchain technologies was a core mandate of his government. He added that his department is in the process of commissioning new Artificial Intelligence and blockchain training labs which are aimed at helping the people of Nigeria develop their skills in these emerging fields, with the ultimate goal of training one million new developers.

Abdullahi said that the Nigerian government is so keen to focus on blockchain technology, and the BSV blockchain in particular, because of the potential it has to address several key regulatory issues, including: 

  • Tracking and tracing goods and services;
  • As a platform for the financial system and boosting financial inclusion;
  • Digital identity services;
  • Smart contracts and dispute resolution;
  • Building customer engagement, trust and loyalty.

Creating a system of trust with the BSV blockchain

Abdullahi noted that this final point is arguably the most important as blockchain is ultimately a ‘trust technology’. ‘Blockchain can help in the openness and transparency and integrity of everything we do,’ he said. 

Abdullahi added that his department had recently passed new legislation that will help boost this adoption at universities, corporate organisations, and among entrepreneurs. ‘We need everybody on board because we believe we cannot succeed in isolation.’

He added that NITDA was specifically using tools provided by the BSV Academy to help boost the Nigerian government’s online education platforms. 

‘For every technology, not only blockchain, people resist it. If you talk about blockchain, the first thing that comes to people’s minds is Bitcoin. People, even governments in some jurisdictions resist it because they see it as coming to disrupt.’ 

Abdullahi reiterated his point that this is an issue of trust. ‘When there is trust, I can transact with anybody directly without going to banks. I can do business without governments or anything because we trust each other. We trust the system because trust increases even the economic prosperity of a nation.’

‘Blockchain is coming to disrupt, digital assets are coming to disrupt the banking sectors. People are using it for money laundering, and a lot of other things. But we want people to know that blockchain is beyond digital currency and that blockchain is about everything. It’s a foundational technology, and it can be applied in any sector you can think of.’

Latest News

Stay in the loop

News, tips, guides, and industry best practices

Useful eBooks to download

Expand your knowledge about BSV and blockchain technology.

usecase_testimonials

What the BSV blockchain is and why it is the infrastructure for the data economy (eBook)

Learn how the BSV blockchain can be used as infrastructure for a data economy in this informative ebook. Discover the benefits of using BSV for data storage, micropayments, and smart contracts. Download now and stay ahead of the curve in the ever-evolving world of blockchain technology.

usecase_testimonials

Unleash the value of Extreme Scale data with the BSV blockchain

Unlock the true potential of your data with the BSV blockchain. In this eBook, you'll learn about the traditional problems with data and how intermediaries lead to inefficiencies. Discover the detrimental effects of data silos across an industry value chain and the lack of native ways to transmit payments with data. Understand why the BSV blockchain is the best solution for implementing a blockchain solution and explore use cases of how it can solve data problems. Download now to start taking control of your data.

usecase_testimonials

The BSV blockchain an enterprise cybersecurity framework (eBook)

Learn how to protect your business against cyber attacks with our eBook. Discover how the BSV blockchain meets and exceeds critical information security requirements, including the CIA triad and the five core functions of CSF. With its trustless and resilient architecture, BSV is the future of cybersecurity

usecase_testimonials

Enterprise blockchain products using the BSV blockchain (eBook)

Unlock the full potential of enterprise blockchain with our comprehensive guide on using the BSV blockchain. Discover the unique properties of BSV that set it apart from other enterprise-scale blockchains and learn about the wide range of applications and products that can be built using BSV, from healthcare to eSports and beyond.

usecase_testimonials

BSV blockchain: what it is and how it restores the promise of enterprise blockchain (eBook)

Discover how the BSV blockchain restores the promise of enterprise blockchain in our eBook. Learn how to overcome the 'blockchain trilemma' and achieve scalability, security, and decentralisation for your organisation's implementation. Stop struggling with fragmented implementations and data silos and get the 'real' blockchain deal with BSV.

usecase_testimonials

Your introduction to the Metaverse (eBook)

Unlock the potential of the Metaverse with our eBook. Learn about the past, present and future of this immersive world and discover the opportunities it presents for big tech, multimedia software, gaming, art, entertainment, communications, advertising and more. Discover what enterprise leaders, government officials, and developers should know and do about the Metaverse to become early adopters.

usecase_testimonials

Revealed: The fallacy of private, permissioned blockchains

Discover the truth behind private, permissioned blockchains in our eBook. Learn about the complex problem of Internet's walled gardens, the benefits of a native digital cash system, and the reality of permissioned blockchain for enterprise and government. Understand why the best way to secure data is to keep it in the public eye with public blockchain technology. Download now to learn more about the fallacy of private, permissioned blockchains.

usecase_testimonials

What is Blockchain? (eBook)

Looking for an intro to blockchain technology and its applications for your projects? This eBook streamlines the concept of Blockchain by comparing it to other commonly used data management systems so you can gauge how to use it for your enterprise or government project.

usecase_testimonials

What is Bitcoin? (eBook)

Are you an Enterprise Leader or Government official doing your due diligence on Bitcoin? Although Bitcoin has many aspects in common with other data management systems, it is its differences that translate into unique benefits for organisations.

usecase_testimonials

The Next Era in Miner Economics: Embracing Coopetition and Infrastructure

Explore the history and current state of miner incentives, from the race for hash power to the upcoming reward halving events.

usecase_testimonials

A comprehensive approach to blockchain energy efficiency

Blockchain’s environmental impact is one major issue dogging this technology. Our eBook addresses operational and reputational challenges by introducing innovative formulas for evaluating and rating the energy efficiency of blockchain networks, to encourage sustainable practices.

usecase_testimonials

Engineering a Smarter and Greener Financial World with Tokenovate

We are proud to announce that our latest eBook - Engineering a Smarter and Greener Financial World with Tokenovate - is now available to download. In this eBook, we delve into the fascinating world of blockchain technology and its profound impact on the ESG (Environmental, Social, and Governance) landscape.

usecase_testimonials

The BSV Blockchain Barometer Report 2023

Ever wondered what the mainstream opinion is on emerging technologies? We’ve partnered with renowned research house YouGov to produce the inaugural BSV Blockchain Barometer Report 2023. 13,000 adults worldwide were surveyed about their thoughts on AI, blockchain, Web3, ChatGPT and more. Download now to uncover the concerning findings in tech trust and awareness.

usecase_testimonials

What the BSV blockchain is and why it is the infrastructure for the data economy (eBook)

Learn how the BSV blockchain can be used as infrastructure for a data economy in this informative ebook. Discover the benefits of using BSV for data storage, micropayments, and smart contracts. Download now and stay ahead of the curve in the ever-evolving world of blockchain technology.

usecase_testimonials

Unleash the value of Extreme Scale data with the BSV blockchain

Unlock the true potential of your data with the BSV blockchain. In this eBook, you'll learn about the traditional problems with data and how intermediaries lead to inefficiencies. Discover the detrimental effects of data silos across an industry value chain and the lack of native ways to transmit payments with data. Understand why the BSV blockchain is the best solution for implementing a blockchain solution and explore use cases of how it can solve data problems. Download now to start taking control of your data.

usecase_testimonials

The BSV blockchain an enterprise cybersecurity framework (eBook)

Learn how to protect your business against cyber attacks with our eBook. Discover how the BSV blockchain meets and exceeds critical information security requirements, including the CIA triad and the five core functions of CSF. With its trustless and resilient architecture, BSV is the future of cybersecurity

usecase_testimonials

Enterprise blockchain products using the BSV blockchain (eBook)

Unlock the full potential of enterprise blockchain with our comprehensive guide on using the BSV blockchain. Discover the unique properties of BSV that set it apart from other enterprise-scale blockchains and learn about the wide range of applications and products that can be built using BSV, from healthcare to eSports and beyond.

usecase_testimonials

BSV blockchain: what it is and how it restores the promise of enterprise blockchain (eBook)

Discover how the BSV blockchain restores the promise of enterprise blockchain in our eBook. Learn how to overcome the 'blockchain trilemma' and achieve scalability, security, and decentralisation for your organisation's implementation. Stop struggling with fragmented implementations and data silos and get the 'real' blockchain deal with BSV.

usecase_testimonials

Your introduction to the Metaverse (eBook)

Unlock the potential of the Metaverse with our eBook. Learn about the past, present and future of this immersive world and discover the opportunities it presents for big tech, multimedia software, gaming, art, entertainment, communications, advertising and more. Discover what enterprise leaders, government officials, and developers should know and do about the Metaverse to become early adopters.

usecase_testimonials

Revealed: The fallacy of private, permissioned blockchains

Discover the truth behind private, permissioned blockchains in our eBook. Learn about the complex problem of Internet's walled gardens, the benefits of a native digital cash system, and the reality of permissioned blockchain for enterprise and government. Understand why the best way to secure data is to keep it in the public eye with public blockchain technology. Download now to learn more about the fallacy of private, permissioned blockchains.

usecase_testimonials

What is Blockchain? (eBook)

Looking for an intro to blockchain technology and its applications for your projects? This eBook streamlines the concept of Blockchain by comparing it to other commonly used data management systems so you can gauge how to use it for your enterprise or government project.

usecase_testimonials

What is Bitcoin? (eBook)

Are you an Enterprise Leader or Government official doing your due diligence on Bitcoin? Although Bitcoin has many aspects in common with other data management systems, it is its differences that translate into unique benefits for organisations.

usecase_testimonials

The Next Era in Miner Economics: Embracing Coopetition and Infrastructure

Explore the history and current state of miner incentives, from the race for hash power to the upcoming reward halving events.

usecase_testimonials

A comprehensive approach to blockchain energy efficiency

Blockchain’s environmental impact is one major issue dogging this technology. Our eBook addresses operational and reputational challenges by introducing innovative formulas for evaluating and rating the energy efficiency of blockchain networks, to encourage sustainable practices.

usecase_testimonials

Engineering a Smarter and Greener Financial World with Tokenovate

We are proud to announce that our latest eBook - Engineering a Smarter and Greener Financial World with Tokenovate - is now available to download. In this eBook, we delve into the fascinating world of blockchain technology and its profound impact on the ESG (Environmental, Social, and Governance) landscape.

usecase_testimonials

The BSV Blockchain Barometer Report 2023

Ever wondered what the mainstream opinion is on emerging technologies? We’ve partnered with renowned research house YouGov to produce the inaugural BSV Blockchain Barometer Report 2023. 13,000 adults worldwide were surveyed about their thoughts on AI, blockchain, Web3, ChatGPT and more. Download now to uncover the concerning findings in tech trust and awareness.

usecase_testimonials

What the BSV blockchain is and why it is the infrastructure for the data economy (eBook)

Learn how the BSV blockchain can be used as infrastructure for a data economy in this informative ebook. Discover the benefits of using BSV for data storage, micropayments, and smart contracts. Download now and stay ahead of the curve in the ever-evolving world of blockchain technology.

usecase_testimonials

Unleash the value of Extreme Scale data with the BSV blockchain

Unlock the true potential of your data with the BSV blockchain. In this eBook, you'll learn about the traditional problems with data and how intermediaries lead to inefficiencies. Discover the detrimental effects of data silos across an industry value chain and the lack of native ways to transmit payments with data. Understand why the BSV blockchain is the best solution for implementing a blockchain solution and explore use cases of how it can solve data problems. Download now to start taking control of your data.

usecase_testimonials

The BSV blockchain an enterprise cybersecurity framework (eBook)

Learn how to protect your business against cyber attacks with our eBook. Discover how the BSV blockchain meets and exceeds critical information security requirements, including the CIA triad and the five core functions of CSF. With its trustless and resilient architecture, BSV is the future of cybersecurity

usecase_testimonials

Enterprise blockchain products using the BSV blockchain (eBook)

Unlock the full potential of enterprise blockchain with our comprehensive guide on using the BSV blockchain. Discover the unique properties of BSV that set it apart from other enterprise-scale blockchains and learn about the wide range of applications and products that can be built using BSV, from healthcare to eSports and beyond.

usecase_testimonials

BSV blockchain: what it is and how it restores the promise of enterprise blockchain (eBook)

Discover how the BSV blockchain restores the promise of enterprise blockchain in our eBook. Learn how to overcome the 'blockchain trilemma' and achieve scalability, security, and decentralisation for your organisation's implementation. Stop struggling with fragmented implementations and data silos and get the 'real' blockchain deal with BSV.

usecase_testimonials

Your introduction to the Metaverse (eBook)

Unlock the potential of the Metaverse with our eBook. Learn about the past, present and future of this immersive world and discover the opportunities it presents for big tech, multimedia software, gaming, art, entertainment, communications, advertising and more. Discover what enterprise leaders, government officials, and developers should know and do about the Metaverse to become early adopters.

usecase_testimonials

Revealed: The fallacy of private, permissioned blockchains

Discover the truth behind private, permissioned blockchains in our eBook. Learn about the complex problem of Internet's walled gardens, the benefits of a native digital cash system, and the reality of permissioned blockchain for enterprise and government. Understand why the best way to secure data is to keep it in the public eye with public blockchain technology. Download now to learn more about the fallacy of private, permissioned blockchains.

usecase_testimonials

What is Blockchain? (eBook)

Looking for an intro to blockchain technology and its applications for your projects? This eBook streamlines the concept of Blockchain by comparing it to other commonly used data management systems so you can gauge how to use it for your enterprise or government project.

usecase_testimonials

What is Bitcoin? (eBook)

Are you an Enterprise Leader or Government official doing your due diligence on Bitcoin? Although Bitcoin has many aspects in common with other data management systems, it is its differences that translate into unique benefits for organisations.

usecase_testimonials

The Next Era in Miner Economics: Embracing Coopetition and Infrastructure

Explore the history and current state of miner incentives, from the race for hash power to the upcoming reward halving events.

usecase_testimonials

A comprehensive approach to blockchain energy efficiency

Blockchain’s environmental impact is one major issue dogging this technology. Our eBook addresses operational and reputational challenges by introducing innovative formulas for evaluating and rating the energy efficiency of blockchain networks, to encourage sustainable practices.

usecase_testimonials

Engineering a Smarter and Greener Financial World with Tokenovate

We are proud to announce that our latest eBook - Engineering a Smarter and Greener Financial World with Tokenovate - is now available to download. In this eBook, we delve into the fascinating world of blockchain technology and its profound impact on the ESG (Environmental, Social, and Governance) landscape.

usecase_testimonials

The BSV Blockchain Barometer Report 2023

Ever wondered what the mainstream opinion is on emerging technologies? We’ve partnered with renowned research house YouGov to produce the inaugural BSV Blockchain Barometer Report 2023. 13,000 adults worldwide were surveyed about their thoughts on AI, blockchain, Web3, ChatGPT and more. Download now to uncover the concerning findings in tech trust and awareness.

Ready to add blockchain solutions to your business or government agency?

Send us a message and let us know about your needs. Please contact

Join Our Community

Stay updated with the BSV Blockchain Association's latest news and events.
Subscribe to our weekly newsletter.