How Nigeria’s Blockchain self – regulatory Body SiBAN successfully held its foremost meetup


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August 3, 2019 is a day that may not be easily diffused in the minds of a few Stakeholders in Rivers State, Nigeria. Though a rainy day, these experts were out to attend the premier Stakeholders in Blockchain Association of Nigeria (SiBAN) Education Train Meet-up at the popular FarmChain Hub.

To put it simply, SiBAN is Nigeria’s Blockchain association.
Doris Ojuderie, the SiBAN VC Projects and Founder, Blockchain African Ladies was available to introduce attendees to the purpose of the meetup;
 
 
“The  SiBAN meetup serves the purpose of cryptocurrency and blockchain awareness, collaborative support from SiBAN on projects that have real use cases and capacity to build to scale, sensitization of the core values and objectives of SiBAN, and connections for participatory ,productive and profitable collaboration in the Nigerian Blockchain Ecosystem,” Ojuederie reiterated.
As attendees expressed their appreciation for the welcome address via their applause, Ifeanyi Ezegwaogene, CEO Crypo Fortune was invited to speak on Industries that Blockchain will disrupt. One of the industries he stressed is the Gambling industry. “Let’s take ‘Bet Naija’ for example, winners are required to travel a long distance to retrieve their huge wins. With the Blockchain technology, winners can seamlessly redeem their wins from the comfort of their bedroom,” says Ifeanyi.
How Nigeria's Blockchain self - regulatory Body SiBAN successfully held its foremost meetup 2

Ifeanyi Ezegwaogene, Crypto Fortune CEO Speaking on “Industries that Blockchain will disrupt”

While he broadened the objectives of SiBAN, the SiBAN Chairman, Paul Ezeafulukwe emphatically said that the Blockchain tech is a made-for-Africa solution. “The solutions to social-economical problems we are experiencing in Africa are contained in the Blockchain tech. But sad to say, some of us have ignored effecting blockchain solutions to becoming full-time Bitcoin Maximalists. If we must build Africa, we need to engage less in Bitcoin Vs Altcoins arguments and start building homegrown blockchain solutions,” said Paul.
How Nigeria's Blockchain self - regulatory Body SiBAN successfully held its foremost meetup 3

SiBAN Chairman, Paul Ezeafulukwe Speaking to attendees

As the meetup continued, attendees threw questions to speakers and got satisfying answers as was evident on their facial reactions. Launch was served at the close of the first session.
During the second session,  the Bitfxt CEO, Franklyn Peters warned attendees to beware of the services of Bounty Hunters. “When one’s growth is artificial, he or she tends to survive for a short-while. Bounty Hunting gives your project an artificial growth and whenever your coin is listed on an exchange, all these hunters do is dump your coin, deflate its price, move to the next paying project, and forget about your project. In reality, many crypto projects that gave bulk of their tokens to Bounty Hunters during their ICO’s are currently struggling to survive,” Franklyn lamented.
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BITFXT CEO, Franklyn Peters speaking to meet-up attendees

Agreeing to Franklyn’s assertion, Japfive, the foremost African Ambassador of Karma told the gathering that he is aware of an individual who got over N50m from Bounty Hunting. “All the projects this guy did Bounty Haunting for are no where to be found today,” Japfive explained.
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Japfive, foremost African Ambassador of Karma airing his opinion on Bounty Hunting

Next speaker was Linus Kingdom, the Managing Editor of eBlockbuzz. He charged the audience to learn to engage in partnerships before effecting a Blockchain project. “Never singlehandedly run a Blockchain Project, else you will struggle to survive. List out the needs of your proposed project, partner with existing startups that can solve those needs, then run your project as a team. You will experience a faster and profitable growth than the One-man-gang startup,” Linus reiterated.
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Linus Kingdom, Managing Editor of eBlockbuzz emphasizing on the advantages of Partnerships

 
 
Concluding the event, representatives of startups present were given the opportunity to pitch their solution to the audience.
It can be recalled that SiBAN recently launched it’s free membership campaign. Click here to become a SiBAN member. SiBAN was founded by stakeholders in Nigeria’s blockchain and cryptocurrency community for the purpose of supporting players in the space; educating users and members of the public about the blockchain technology; promoting adoption by both private and public bodies; ensuring consumer protection and safeguards against scams; and working with regulators to help maximize the untapped potentials of the blockchain.
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