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Blockfuse Labs is leading the charge in advancing blockchain technology, not just in Jos, Plateau State, but across Nigeria. In an interview with IT Edge News.Africa, CEO and Co-Founder Adaaku Peter Jr discusses with Nana Theresa Timothy the critical role of government and other stakeholders in supporting blockchain adoption to drive development across various sectors.
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What are your challenges in providing high-level training for blockchain developers?
The primary challenge is finding individuals with strong web2 skills. Since blockchain is part of web3, a solid understanding of web2 is essential for anyone looking to train in web3. We opened applications for web3 development training and received around 500 applications. However, after administering an exam to assess applicants’ web2 knowledge, only four people passed. The second major challenge is adoption—blockchain technology is not yet widely embraced in the country due to a lack of awareness, which is unfortunate.
“We have launched several projects that allow these talents to showcase their abilities and challenge each other.”
How is Blockfuse Labs some of these challenges in terms of product development?
The organisation has established a platform to train complete beginners in web2 technologies, preparing them to transition into the web3 training program. To support this, the organisation has enlisted mentors to guide these beginners. Additionally, they are developing a decentralized management system and have successfully trained individuals in web3, with one group building a decentralized crypto wallet. The primary objective at Blockfuse Lab is to eventually develop our own blockchain.
Are there strategies Blockfuse Labs is implementing to create a community of professionals and create impact beyond the tech ecosystem in Plateau State?
The organisation strives to ensure inclusivity by hosting monthly meet-ups. These gatherings aim to connect people, foster collaboration, and inspire individuals who are advancing in web3 technologies. Additionally, they provide education on the significance of blockchain. We’re also planning to organise hackathons and quizzes, where participants can compete and share knowledge, further enhancing the learning experience.
What can government offer to support blockchain tech development and companies like Blockfuse Labs?
The government plays a key role in advancing blockchain technology, which is vital for the future. First, by creating clear regulations, it can reduce uncertainty for companies. Offering incentives such as tax breaks and grants will further encourage blockchain innovation. Additionally, investing in education and research will help build a skilled workforce. The government can also adopt blockchain in public services to improve transparency and efficiency. Finally, regulatory sandboxes will allow startups to test solutions safely, while promoting blockchain in fintech will boost financial inclusion for small businesses and the unbanked.
