The Nigerian Institute of Social and Economic Research (NISER) has partnered with Japanese firm Soramitsu to enhance blockchain expertise, focusing on SORA, CBDCs, and Hyperledger Iroha.
Building a Blockchain Knowledge Base
In order to improve the research faculty’s proficiency with blockchain technology, the Nigerian Institute of Social and Economic Research (NISER) has teamed with the Japanese technology company Soramitsu.
Soramitsu will “focus specifically on SORA, CBDCs [central bank digital currencies], and Hyperledger Iroha” in accordance with the terms of the collaboration agreement.
A statement claims that the goal of this alliance is to establish a knowledge-industry relationship, with NISER contributing research-based local context and analysis. Apart from establishing a knowledge foundation, NISER and Soramitsu will collaborate to bolster Nigeria’s developmental objectives.
The statement went on to say, “In addition, the partnership will investigate and execute cutting-edge projects utilizing blockchain technology to promote financial inclusion, reduce economic inefficiencies, and contribute to Nigeria’s developmental goals.”
The Nigerian government is adopting blockchain technology, which is why the Nigerian Institute of Social and Economic Research (NISER) and Soramitsu are collaborating. For example, early in July, Bitcoin.com News revealed that a Nigerian IT agency was thinking about creating a local blockchain to allow the government more control over citizen data.
News of the Nigerian Federal government’s intention to teach 1,000 people blockchain, artificial intelligence (AI), and other cutting-edge technology surfaced later that month. The country’s goal is to become a leader in Africa’s digital transformation, according to the government.
Through its partnership with Soramitsu, a business that has expertise providing blockchain solutions to governments, colleges, and businesses, NISER will learn a great deal about the technology. The statement claims that improved blockchain-related policies can subsequently be formulated using this experience.