Senator Ihenyen Criticizes Nigerian Blockchain Scene for Lack of Innovation Amidst Hype
- Senator Ihenyen highlighted the focus on hype rather than originality in Nigeria's blockchain and crypto space.
- Blockchain can be used to verify the authenticity of medicines in the pharmaceutical sector.
- Chimezie Chuta suggested testing blockchain-based voting systems at lower levels before implementing them nationally.
The text highlights the issue of hype and lack of originality in Nigeria's blockchain and crypto space. While there are potential applications for blockchain in sectors like pharmaceuticals and elections, the focus on memecoins and get-rich-quick schemes has diminished the importance of crypto and blockchain as disruptive technologies. The sentiment of the text is negative, indicating a critical view of the current state of the industry.
