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Entrepreneur Uses Blockchain Technology to Eradicate Poverty in Nigeria




    Entrepreneur Uses Blockchain Technology to Eradicate Poverty in Nigeria

    A younger entrepreneur from Badagry in Lagos State, Omota Omotade Sparks Amos Sewanu, has vowed to elevate the Nigerians out of the poverty line, by making use of blockchain expertise. He has introduced this in an open letter to EFCC (The Economic and Financial Crimes Commission). He mentioned that he has constructed a “Nigeria-To-The-World Blockchain (iBLedger),” able to ending the multidimensional poverty in Nigeria in a short while. He added that

    The highly effective factor about this charitable-blockchain is that iBNaira can generate a minimal of 847 Billion Dollars for the Nigerian Government. iBNaira can finish poverty in Nigeria in 6-9 Months paying each single citizen, together with infants born day-after-day a minimal sum of N120,000 Monthly.

    As such, he’ll first be utilizing iBNaira because the foundational token for Nigeria earlier than transferring to different components of the nation, and his journey will start on November 12, 2019.  According to him, his new invention, iBLedger expertise, has the potential to eradicate poverty from any nation inside a time of 6 to 9 months. iBLedger is supposedly to have all of the vital options that the opposite well-liked blockchain platforms, like Facebook’s Libra, HyperLedger, Bitcoin, Ethereum, and TON and Gram from the Telegram have in widespread.

    According to the Multidimensional Poverty Index (MPI) launched in 2019, Nigeria is likely one of the poorest international locations on the earth that must be revamped for the betterment, and this step taken by the younger gentleman Sewanu is unquestionably a step to look ahead to. He tags his innovation as a “charitable innovation” and has devoted a substantial period of time to convey out this new expertise, that he expects will eradicate the poverty in Nigeria and different poor international locations of the world.

    Amos Sewanu has taken this initiative to assist the federal government to scale back the poverty ranges within the nation and to cease the politicians who’re shamelessly carting away with the nation’s assets.

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