2nd African Blockchain conference to focus on technology for development

17 May 2019

Money Transfer

CrytoSavannah and the Blockchain Association of Uganda, working in collaboration with the ministry of ICT and national Guidance will host the 2nd edition of the African block chain conference.

The conference will take place at the Kampala Serena conference centre on July 3rd and 4th 2019,

Under the theme “Africa 4.0: preparing Africa for the 4th industrial Revolution”, it will focus on what the 4th industrial revolution is, what opportunities it presents, what threats it poses and what Africa must do to leverage fourth industrial revolutions for its development.

Alongside the conference, will run the Africa fourth Tech Expo, an experimental journey showcasing the leading technology innovations and applications in Africa which will host 3000 people, comprising of the public and private sectors, experts and leaders from global technology companies, entrepreneurs, innovators, youth and government representatives.

“During the conference, delegates will disuse the following topics; African readiness for the fourth industrial revolutions, fintech, payment systems and digital financial services, the future of work and education, SDGs and technology for impact.”

The technology advances will include artificial intelligence, block chain, big Data, Internet of things (IOT), Drones and Robotics. This will merge the physical, digital and biological spheres.

While addressing the press on Tuesday 14th 5 2019, the crytosavannah CEO, and Chairperson of the African Block Chain Conference, Kwame Rugunda, said: “The 4th Industrial Revolution is already upon us and rather than waiting to be impacted by it, we must consciously prepare ourselves, our system, our nations and our posterity for it.”

Although Africa has been a late adopter of the previous industrial revolutions, this has presented a unique opportunity that has created an enabling factor for easier adoption.

The same opportunities drove Africans recent mobile telephony and mobile revolutions

He added that more global entities are looking at expanding their operations into Africa, and Africa should therefore prepare to receive and fully optimize this interest for its development

Herbert Olow, the chief Information Officer Stanbic Bank Uganda said, “As a .leading financial services provider in Uganda, Stanbic is proud to be associated with African Block Chain conference which seeks to discuss new opportunities presented by technological advance and how to leverage the 4th industrial revolution not only to improve our banking processes but also reduce our cost to serve.”

He said the banking industry can explore ways of using block chain technology to not only reduce the cost of processing payments, but also create new product and services that can generate important new revenue streams.

“Technology advances such as blockchain technology, big data, internet of things (IOT) have the potential to lower operational cost and risks but also help us to better understand our customers journeys and deepen relationship as such help us to provide innovative and customized solutions that address their need,” he said.

The press conference was addressed by commissioner in the ministry of ICT, Julius Torach, who said that government was more than keen to play its part in shaping the future of the nation.

“On 8th April this year, government launched the national expert taskforce on emerging technologies to make recommendations on how best government can leverage these technologies to transform our economy,” Julius Torach Explained.

The president of Sierra Leon, Julius Maada Bio is expected attend and deliver the keynote address at the conference, which will be followed by an address by President Yoweri Museveni, and then a panel discussion with the audience on the conference them, and how innovation can be harnessed to catalyzed Africans transformation process.

Source: Busiweek