The conference, which will be held under the theme “The role of Blockchain Technology in Africa’s transformation” is scheduled to host policy makers, leaders in Industry, academia and blockchain enthusiasts.
Blockchain technology is a distributed ledger platform that allows creation and management of decentralized systems and processes, which enhance efficiency and transparency of transactions across institutional or business operations.
Blockchain Technology, also described as the ‘technology of trust’ is disrupting and redefining traditional governance and business models across the world from the way information is created, managed and shared to the way products and services are delivered.
While addressing the journalists at the Media Center, the Chairman of the Blockchain Association of Uganda, Kwame Rugunda, explained that Africa is at the right time to adopt this technology. “We have already seen glimpses into how it is disrupting traditional models in areas such as finance, procurement, insurance, health, identity management, contracts, governance, to mention but a few.” he said.
The Africa Blockchain Conference is aimed at spurring engagement from both the public and private sectors, by sharing understanding as to how it can be adopted and the impact.
“The conference will focus on how we can build a blockchain eco-system and position ourselves to be part of global discussions. “Some of the immediate benefits of using blockchain include enhanced efficiencies with greater transparency and accountability in our business and governance systems which are key factors in enabling Uganda become an investment destination, and catapulting our economic growth” Rugunda noted.
According to Stanbic’s Application & Integration Support Manager, Pius Okullo, “The decentralized nature of blockchain technology offers a very robust and secure platform designed from the foundation up with transaction protection (confidentiality of transaction details) as a priority. This is the core of digital transformation happening globally.” said Okullo.
The conference offers a perfect opportunity for knowledge share, and discussions around creating the ecosystem.
The Africa Blockchain Conference will showcase different but relevant use cases in different sectors to demonstrate the value and importance of blockchain technology.
The conference will feature key global blockchain stakeholders who will be building a case for the adoption of blockchain technology in Uganda and in Africa.
The conference speakers and panelists will come from the host country Uganda, as well as Kenya, Senegal, South Africa, Europe, the United States and Asia. The topics of discussion will include governance, regulation and policy, crypto currencies and digital assets, cyber security, innovation and technology, risk and investment opportunities among others.