Who we are
by working as a team
We are SiBAN, acronym for Stakeholders in Blockchain Technology Association of Nigeria.
SiBAN is a self-regulatory body. It is 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.
To put it simply, SiBAN is Nigeria’s Blockchain association.
We are committed to not only securing the blockchain and cryptocurrency space but also securing the the future through the power of the blockchain today. Think about it. Blockchain is one of the biggest opportunities for Africa in the 4th Industrial Age. Nigeria is Africa’s biggest country and one of the biggest players in the globe.
Together, let's write our own stories. Let’s put the future of our people in their own hands in a decentralized world. Let’s protect our space and empower Nigeria.
SiBAN .… Nigeria’s Blockchain association
We Pave the Way
Blockchain is a technological innovation that has the potential to revolutionize various industries and sectors of the economy for the good of all. Across the globe, blockchain is adding value by bringing unprecedented trust founded on openness, safety, and transparency to transactions and processes, thereby minimizing risks, eliminating leakages, saving costs, and improving lives.Today, as the adoption of blockchain technology builds up in developed economies, Nigeria is lagging behind in the adoption of the technology for innovative solutions across various industries and sectors.
Today, Nigerians are known to be the largest adopters of cryptocurrency in Africa and continue to contribute significantly on global cryptocurrency platforms. Apart from cryptocurrency, blockchain technology provides immense opportunities for rapid growth and development across various industries. But without collaboration amongst early adopters, there is an increasing risk of destroying what has been built if we fail to ensure safeguards, avoid regulatory risks, and win trust across board, locally and internationally.As the biggest economy in Africa and the most populous black nation in the world with socio-economic and political challenges in a global economy, there is great need to build a consensus towards leveraging blockchain technology to address socio-economic and political problems.
This is why as blockchain lovers and players in Nigeria’s nascent blockchain community, we have decided to come together as stakeholders under a blockchain association. We want to drive blockchain education, investment, and adoption in both private and public sectors in Nigeria through education, research, and collaboration. Apart from these, we also wish to grow, nurture, and sanitize the blockchain and cryptocurrency community towards ensuring a healthier and safer environment for the adopters and users of the technology regardless of the industry.
We wish to be a self-regulatory association, helping to ensure that players in the blockchain and cryptocurrency operate legally, comply with regulations, and imbibe global best practices, achieving consumer protection and public confidence.We, the members of the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), in order to grant and secure the rights of our members, do firmly resolve to establish for ourselves this Constitution and to be governed by its provisions.