23 C
Accra
Friday, August 7, 2020
No menu items!

Blockchain technology has potential to transform the Ghanaian economy – Prof. Quaynor

Must Read

Director of Animal Research Institute behaves insolently to Lands Minister following queries over encroached lands

The Minister of Lands and Natural Resources, Kwaku Asomah Cheremeh, is to launch investigation into how State lands belonging...

Ote Waterfalls treetop walkway nears completion

The construction of a canopy walkway over the Ote Waterfalls at Amedzope in the Ho West District of the...

Students vandalise school property in protest against social distancing in exam hall

Students of Ndewura Jakpa Senior High Technical at Damongo in the West Gonja Municipality have vandalised school property in...

A Computer Scientist and Board Chairman of the West and Central African Research and Education Network, Professor Nii Narku Quaynor is of the view that Ghanaians need to take advantage of the opportunities and benefits inherent in the blockchain and crypto-currency innovations.

He said the technologies have the potential to transform the Ghanaian economy, if embraced and properly utilised. Professor Nii Narku Quaynor was speaking at a forum for News Editors to educate them on the importance of the blockchain technology in Accra.

He explained that blockchain and crypto-currency will not put banks out of business, but rather enhance the banking industry.

A Lawyer and Blockchain enthusiast, Kobina Hughes also stated that Blockchain has the potential to improve revenue collection, reduce corruption and make online transactions easy.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Director of Animal Research Institute behaves insolently to Lands Minister following queries over encroached lands

The Minister of Lands and Natural Resources, Kwaku Asomah Cheremeh, is to launch investigation into how State lands belonging...

Ote Waterfalls treetop walkway nears completion

The construction of a canopy walkway over the Ote Waterfalls at Amedzope in the Ho West District of the Volta Region is near completion. The...

Students vandalise school property in protest against social distancing in exam hall

Students of Ndewura Jakpa Senior High Technical at Damongo in the West Gonja Municipality have vandalised school property in protest against the 1.5 meter...

Assembly Member donates to Lawui and Logote communities

The Assembly Member for Wute Electoral Area in the Akatsi South District, Mr. Wisdom Akpablie, has donated sewing machines and sets of computers to...

WAEC investigates alleged exam malpractices in WASSCE

The West Africa Examination Council, WAEC it has begun investigations into alleged Examination malpractices in some Senior High Schools in the ongoing WASSCE. The Council...

More Articles Like This