The Nigerian Institute of Social and Economic Research (NISER) has recently teamed up with Soramitsu, a Japanese tech company, to enhance the knowledge of its research faculty on blockchain technology. This collaboration will involve training in specific areas such as SORA, central bank digital currencies (CBDCs), and Hyperledger Iroha. The main objective of this partnership is to establish a solid knowledge base and contribute to Nigeria’s development through research.
Blockchain technology has gained significant attention in recent years for its potential to revolutionize various industries, including finance, supply chain management, and healthcare. By equipping NISER’s research faculty with in-depth understanding of blockchain technology, the institute can stay ahead of the curve and drive innovation in Nigeria. With a focus on key areas like SORA and CBDCs, the faculty will be able to explore the practical applications of blockchain in different sectors.
SORA, one of the specific areas of focus in the partnership, is a decentralized economic system that enables the creation and management of digital assets. By gaining expertise in SORA, NISER’s research faculty can delve deeper into the workings of decentralized finance and explore opportunities for using blockchain to empower individuals and businesses in Nigeria. This knowledge will be crucial in shaping the future of financial services in the country.
Central bank digital currencies (CBDCs) have been a hot topic in the world of finance, with several countries exploring the possibility of issuing their own digital currencies. By partnering with Soramitsu to learn more about CBDCs, NISER’s research faculty can contribute valuable insights to Nigeria’s central bank and policymakers. This knowledge will be instrumental in shaping Nigeria’s monetary policy and driving financial inclusion in the digital age.
Hyperledger Iroha is another key area of focus in the partnership between NISER and Soramitsu. Hyperledger Iroha is an open-source blockchain platform that enables developers to build secure and scalable applications. By mastering Hyperledger Iroha, NISER’s research faculty can develop innovative blockchain solutions tailored to Nigeria’s specific needs. This expertise will be instrumental in driving technological advancements and fostering a culture of innovation in the country.
In conclusion, the partnership between NISER and Soramitsu represents a significant step towards empowering Nigeria’s research faculty with the knowledge and skills needed to leverage blockchain technology for the country’s development. By focusing on key areas like SORA, CBDCs, and Hyperledger Iroha, the faculty will be well-equipped to explore the practical applications of blockchain in different sectors. This collaboration has the potential to drive innovation, shape monetary policy, and foster technological advancements in Nigeria, ultimately contributing to the country’s growth and development in the digital age.
