Communique Issued by the Blockchain Industry Coordinating Committee of Nigeria (BICCoN) on 1 February 2021

Blockchain Industry Coordinating Committee of Nigeria  (BICCoN) was officially inaugurated 31 January 2021. An initiative of blockchain industry players in the country, BICCoN brings together key stakeholders in Nigeria’s emerging blockchain industry, including:

  • Blockchain Nigeria User Group (BNUG);
  • Cryptography Development Initiative of Nigeria (CDIN); and
  • Stakeholders in Blockchain Technology Association of Nigeria (SiBAN).

The constitution and inauguration of BICCoN by industry stakeholders is historic. This is the first time all three major blockchain bodies/communities in Nigeria are formally working together in an intercommunity working group.

According to Senator Ihenyen, SiBAN’s President, who emerged General Secretary of BICCoN:

“Nigeria is a leader in blockchain and crypto adoption. But as captured in BICCoN’s mission, the emerging blockchain industry in Nigeria needs an intercommunity approach to blockchain technology adoption. The opportunities are immense, just as the threats and risks cannot be wished away. BICCoN, working closely with industry stakeholders, policymakers, and regulators, will help ensure that we have a more collaborative, innovative, and safer blockchain ecosystem in the country. I am happy to have been a part of the process leading to its birth by virtue of my role at SiBAN. I wish to use this opportunity to enjoin all stakeholders to work with us. This is a collaborative effort in the best interest of our nascent industry.”

 

The Chairman of BICCoN is Adeolu Fadele (founder of CDIN) and the Vice Chairman is Chimezie Chuta (Founder of BNUG).

Click here to read the communique  issued by BICCoN on 1 February 2021 following its inaugural virtual meeting held 31 January 2021.

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