‘Blockchain drives economic growth’

A Nigerian blockchain expert, Adeshina Ajayi, has highlighted the potential of blockchain to drive economic growth.

The expert, who is spearheading efforts to expand blockchain education and solutions across Africa and the global market, stated this in a statement shared on Tuesday.

Ajayi emphasised the importance of blockchain technology, stating, “Blockchain is not just a buzzword; it is a tool that can revolutionise industries, create wealth, and drive economic growth. My mission is to ensure that people, especially Africans, understand how to use blockchain to their advantage.”

The blockchain expert has successfully trained over 2,000 professionals in Nigeria through his Blockchain Academy to bridge the blockchain knowledge gap while promoting diversity in the tech space.

He said he aimed to democratise blockchain knowledge by imparting technical expertise and fostering a broader understanding of how blockchain can drive innovation.

Currently, as the lead blockchain consultant at U.S.-based Digital Focus LLC, he focuses on designing blockchain solutions and curating strategies for American clients.

His educational approach ensures that both technical and non-technical professionals can leverage blockchain technology across various industries, including finance and supply chain management.

“It is important that we not only build solutions but also empower people with the knowledge to innovate within their sectors,” Ajayi added.

According to Fortune Business Insight, the blockchain technology market was valued at $17.57bn in 2023 and is expected to grow to $825.93bn by 2032, representing a compound annual growth rate of 52.8 per cent from 2024 to 2032.

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