The Nigerian Institute for Social and Economic Research (NISER) has partnered with Soramitsu, a Japanese technology company, to enhance NISER’s research faculty’s knowledge of blockchain technology. Soramitsu will focus on specific areas such as SORA, central bank digital currencies (CBDCs), and Hyperledger Iroha. The partnership aims to create a knowledge base and support Nigeria’s development through innovative research and blockchain projects.

Developing Blockchain Knowledge Base

The Nigerian Institute for Social and Economic Research (NISER) has partnered with Japanese technology company Soramitsu to enhance the research department’s expertise in blockchain technology. As part of the partnership, Soramitsu will “focus specifically on SORA, CBDC [central bank digital currency] and Hyperledger Iroha.”

The collaboration aims to build a knowledge-based industry partnership, with NISER providing local context and analysis through research, according to a statement. In addition to creating a knowledge base, NISER and Soramitsu will work together to support Nigeria’s development goals.

“In addition, the partnership will explore and implement innovative projects that use blockchain technology to promote financial inclusion, reduce economic inefficiency and contribute to Nigeria’s development goals,” the statement explained.

The partnership between the Nigerian Institute for Economic and Social Research (NISER) and Soramitsu comes as the Nigerian government is embracing blockchain technology. For example, in early July, Bitcoin.com News reported that a Nigerian information technology agency was considering developing a domestic blockchain to give the government more control over citizens’ data.

Later that month, news emerged of the Nigerian federal government’s plan to train 1,000 citizens in artificial intelligence (AI), blockchain, and other cutting-edge technologies. The government aims to position the West African nation as a leader in Africa’s digital transformation.

By partnering with Soramitsu, a company with experience providing blockchain solutions to businesses, universities, and governments, NISER will gain valuable knowledge of the technology. This expertise, it claims, can then be used to develop better blockchain-related policies.

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