KAMPALA: Uganda will once again play host to Africa’s Block Chain enthusiasts as they gather in Kampala for the second Africa BlockChain conference.
Organised by CryptoSavannah and the Blockchain Association of Uganda, in collaboration with Uganda’s Ministry of ICT, the conference will take place at the Kampala Serena Conference Center.
Themed around “Preparing Africa for the 4th Industrial Revolution” the conference will focus on what the 4th Industrial Revolution (4IR) is, and the opportunities it presents, plus the threats it poses and what Africa must do to leverage it for its development.
Speaking to the press, the CryptoSavannah CEO, Mr Kwame Rugunda who is also the Chairperson of the Africa Blockchain Conference, explained that the 4th Industrial Revolution is already upon us; and rather than waiting to be impacted by it, we must consciously prepare ourselves, our systems, our nations and our posterity for it.
“With the right foundation for emerging technologies, we will have already done half the work of attracting the right interest to our nations,” He adds
Mr Herbert Olowo, the Chief Information Officer at Stanbic Bank Uganda says that the banking industry can explore ways of using blockchain technology to not only reduce the cost of processing payments but also create new products and services that can generate important new revenue streams.
“Technological advances such as blockchain technology, Big Data, Internet of Things (IoT) have the potential to lower operational costs and risks but also help us to better understand our customer journeys and deepen relationships as such help us to provide innovative and customized solutions that address their needs,” he says.
The first BlockChain Africa conference was attended by Uganda’s President Yoweri Museveni, and the one for 2019 will be graced by the Sierra Leone President Mr Julius Maada
The Conference and Tech Expo will host 3,000 people, comprising the public and private sector, experts and leaders from global technology companies, entrepreneurs, innovators, youth and government representatives.