Tag: Domineum

Domineum Holds Blockchain Developers Summit 2022 in Abuja to Outstanding Attendance

Domineum Blockchain Solutions, a leading distributed ledger technology company in Africa, took task to popular blockchain education by holding the Blockchain Developers Summit (BDS) on 21 & 22 July in Nigeria’s capital, Abuja. Themed “Stimulating Blockchain Adoption in Nigeria”, the summit was powered by BSV Blockchain, a distributed data ledger for enterprise-grade applications and services, and supported by National Information Technology Authority (NITDA).

People came from various parts of the country to participate in Blockchain Developers Summit 2022, the first and premier Blockchain summit in Nigeria. [Image: Domineum]

Blockchain Developers Summit (BDS) is an international blockchain event aiming to help startups build solutions that can help address local needs by bringing together developers, startups, government, blockchain enthusiasts, industry and academia, offering exposure to BSV Blockchain resources and networks, and leading to the activation of the BSV Blockchain ecosystem in Africa.

The BDS 2022 Edition welcomed a record number of 1,500 participants, making it the largest Blockchain gathering in Africa. BDS 2022 was hosted over 15 sessions – networking sessions and panel sessions with industry experts – to discuss Blockchain and its adoption in Africa. BDS aimed to educate, impact and develop attendees with proper knowledge of Cryptocurrency and Blockchain, teaching them to leverage blockchain technology in everyday life.

The two-day event was held at Baze University, Abuja. As an official partner of Domineum Blockchain Solutions, the Industry plus Academia partnership officially launched the Blockchain-AI Lab at the summit. This is the first of its kind in Africa, poised to build and unlock potential by exploring the powerful capabilities BSV Blockchain offers, thereby accelerating blockchain adoption.

Speaking for the vision and motive behind the summit, Local Organising Committee Chairman and Domineum co-founder Mr Mohammed Ibrahim Jega said, “Blockchain is a technology that houses Cryptocurrency and many various ideas. It is important to demystify it, enable young people to take a proper grasp and expose themselves to this game-changing technology and take advantage of the numerous opportunities it presents.”

Domineum Blockchain COO Mr Chima Achu, who gave the welcome address on behalf of the Domineum team, said, “The goal of the summit is to unravel the mysteries behind Blockchain, debunk the myths and reinstate the facts clearly. As well as to provide exposure to youths to the many opportunities in the space.”

Summit speakers were industry leaders and experts including:
Kashifu Inuwa Abdullahi – Director-General, National Information Technology Development Agency (NITDA)
Professor Umar Garba Danbatta – Executive Vice Chairman, NCC
Vincent O. Olatunji – Commissioner and Chief Executive Officer, NDPB
Mr Yau Isa Garba – National Director, National Centre for Artificial Intelligence and Robotics (NCAIR)
Hadiza Saidu – General Manager, Pacer Ventures
Dr Usman Gambo Abdullahi – Director, IT Infrastructure Solutions, NITDA
Muhammad Yahaya Tambura – DG, Zamfara Information Technology Development Agency (ZITDA)

Industry speakers (panelists) featured:
Adedeji Owonibi – Co-Founder, Convexity Hub
Abubakar Umar – President and CEO, Excelian Technologies Ltd
Chimezie Chuta – Founder, Blockchain Nigeria User Group
Oyewole Joledo – Senior Manager, Partnerships, Paxful
Ajuma Ataguba – Managing Director, Founder Institute Abuja
Nnamdi Uba – Co-founder, HouseAfrica
Michal Scislowski – CEO, Soundoshi
Lorien Gamaroff – Co-founder & CEO, Centbee
Dr Maximilian Sinan Korkmaz – CEO, My2Cents

Day 1 primarily centered on the local tech ecosystem and how blockchain is becoming integrated. Speakers who took to the stage spoke about blockchain’s role in the future of Nigeria and why the ordinary Nigerian should be excited about the direction the country is taking. Keynote speaker Kashifu Inuwa, Director-General, NITDA reiterated the Agency’s stance on emerging technologies and laid out Nigeria’s Blockchain Adoption Strategies.

Day 1 also featured a pitch session in which three startups – TechBross, Green Life Energy, and Eduvacity -pitched to the attendees, explaining how their ideas could solve critical challenges facing the West African nation and beyond.

Day 2 saw the BSV Blockchain team officially launch the BSV ecosystem in Africa and announced the BSV Academy in Nigeria. Three of the BSV ecosystem’s innovators and startup founders took the stage for a panel discussion. Moderated by Domineum’s Mohammed Ibrahim Jega, they discussed how their startups are solving various challenges, leveraging BSV’s massive scaling.

Day 2 also saw three more startups making their pitches. By the end of it, TechBross emerged as the winner, attracting the interest of Satoshi Block Dojo, the Bitcoin industry’s leading startup incubator.

Blockchain Developers Summit was an ample opportunity to connect with like minds and boost one’s professional network. BDS is a pacesetter, leading the drive to the adoption of blockchain in Nigeria, and looking forward to seeing more young scholars doing great things in the blockchain and crypto space.

Watch highlights and the full summit video on YouTube at https://youtu.be/l7BagJvuJe0.

You can connect with Domineum and join the BDS network at https://training.domineum.io/. Or follow them on Twitter, Instagram and Facebook: @domineum

We look forward to the 2.0 of this summit as version 1.0 was such a mind-blowing success!

HouseAfrica Announces Partnership With Domineum

HouseAfrica, furthering its dedication to making African real estate transactions seamless and transparent, is pleased to announce a strategic partnership with Domineum, an enterprise blockchain technology and back-end services provider.

HouseAfrica’s PropVat.com, Africa’s largest property technology platform, connects real estate stakeholders, property developers, home buyers, financial institutions, valuers and government regulators, to verify and validate property authenticity before purchase or credit application.

“We are particularly excited about our partnership with Domineum, as it helps us toward our goal of unlocking trapped real estate value in Nigeria, estimated at $300-900 billion dollars. We believe in collaboration. PropVat, our cutting-edge solution for unlocking Nigeria’s and Africa’s huge dead asset pool, is built on blockchain and collaboration,” says Uba Nnamdi, Co-Founder and CEO HouseAfrica.

“Domineum is excited to partner with HouseAfrica to deliver its bespoke products and services to the government sector, land departments and other agencies, and the services sector, to real estate and financial businesses. Real estate investment is a real deal and blockchain can be seen as the game changer,” says Mohammed Ibrahim Jega, Co-founder, Domineum.

PropVat works in partnership with key stakeholders in the real estate sector, including the Nigerian Institute of Estate Surveyors and Valuers (NIESV), Nigerian Bar Association and Nigeria Mortgage Refinance Company (NMRC), building a data-driven ecosystem for fast and easy means of processing interactive and transparent real estate transactions.

About PropVat
Using PropVat.com for verification helps to reduce the risk of fraudulent misrepresentation of ownership and valuation information. The PropVat platform generates a PVN (Property Verification Number) for quick access to a Verification Report, E-deed (powered by blockchain), and detailed property quality analysis. Major Financial Institutions are already using PropVat for their verification needs. Visit https://propvat.com, twitter.com/propvat, linkedin.com/company/propvat/ and facebook.com/propvat.

About HouseAfrica
HouseAfrica is building the largest African property platform using technology to connect real estate stakeholders to verify and validate property authenticity before purchase or credit application, helping to make convenient, secured, fast, transparent, and affordable property transactions. In 2019, HouseAfrica won the Best African Blockchain Startup at the AfricArena Conference Fantom Blockchain Challenge. Visit https://houseafrica.io.

About Domineum
Domineum is a software development company and consultant that aims to disrupt several sectors in the emerging markets, and leap-frog the current infrastructure with distributed ledger (blockchain) technology and Blockchain-as-a-Service (BaaS) solutions for governments and businesses. Domineum provides efficient back-end solutions to verify and authenticate Land and Property Registry, Mortgage, Identity Management, Cargo Tracking and Supply Chain systems. Visit https://www.domineum.io.

Contact: hello@houseafrica.io

Geoffrey Weli-Wosu, Founder & CEO of Domineum, accepted into Forbes Business Council

Geoffrey Weli-Wosu, founder & CEO of Domineum Blockchain Solutions, founded to assist Governments and Companies to integrate blockchain into their operations, has been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide.

Geoffrey was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

“We are honored to welcome Geoffrey into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Business Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally to make an even greater impact on the business world.”

As a member of Forbes Business Council, Geoffrey has access to a variety of opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum and at members-only events. Geoffrey will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

“I am honored to be accepted by the prestigious Forbes Business Council. Over the past few years I have admired the contributions the group has made to business communities around the world. As a member I will do my best to continue and expand on this great tradition. And I strongly believe that my participation will help further cement my leadership role in my community and industry. I look forward to a rewarding association with the members and thank them for this expression of confidence.”

About Forbes Councils

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive. To learn more about Forbes Councils, visit forbescouncils.com.

For more information about Domineum Blockchain Solutions, or to enter the discussion, please visit:

Website: https://www.domineum.io
Twitter: https://twitter.com/domineum
LinkedIn: https://www.linkedin.com/company/domineum/
Telegram: https://t.me/domineum

Media Contact:

Geoffrey Weli-Wosu
Domineum Blockchain Solutions
Email: geoffrey.weliwosu@domineum.io
Level39, One Canada Square, Canary Wharf, London, UK

The Hybrid Innovation: Combining Blockchain and AI to Grow the Digital Economy

By Geoffrey Weli-Wosu, founder of Domineum.io, a blockchain solution provider.

Advanced technologies like blockchain and artificial intelligence (AI) are disrupting the markets and transforming the way many segments operate.

Blockchain technology was initially created to provide the bitcoin platform with both anonymity and security in the world of finance. However, since the conception of bitcoin, many developers and researchers have developed independent ways to implement the technology.

Over the years, blockchain technology has presented a vast number of various applications which are being implemented by some of the top companies in the world. For example, blockchain for the supply chain, transactions, and financial services can help companies improve transparency, integrity, collaboration, and customer satisfaction across the globe.

Moreover, blockchain provides new solutions to the informal lending process (as access to bank loans is often difficult) helping small businesses, start-ups, and individuals gain access to secure sources of financing. At the same time, the explosion of AI and its tremendous impact on productivity has helped to make artificial intelligence one of the biggest and most enticing technologies in the world today.

The combination of blockchain technology and artificial intelligence is still a largely undiscovered area. Putting the two technologies together has the potential to use data in ways never before thought possible. Data is the key ingredient for the development and enhancement of AI algorithms; blockchain secures this data, and allows us to audit all intermediary steps.

Suggested applications of blockchain and AI:
— Smart computing power
— Creating diverse data sets
— Data protection
— Data monetization

The UK is one of the leading jurisdictions of blockchain development, with several British companies taking it upon themselves to solve universal problems with this versatile technology. For example, the Co-operative Food Group began building an alpha-stage blockchain platform with Provenance in the middle of 2017 with a view to tracking and tracing the sustainability of fish products, from the catch to the plate.

RBS and Barclays announced that they, with 40 other companies, had completed a blockchain technology trial using R3’s distributed ledger technology aiming at reducing the time it typically takes to complete a property transaction, while global logistics company DHL partnered with IT services consultant Accenture to launch a blockchain-based serialization prototype to track pharmaceuticals across the supply chain in six regions.

UK is also one of Europe’s leaders in the adoption of artificial intelligence. According to a recent survey by McKinsey on AI and the UK: “AI could potentially deliver a 22% boost to the UK economy by 2030”.

There is already evidence on the ground of the transformational change, both within organizations and in the economy as a whole, that these technologies can bring. A concerted and forward-looking effort from businesses and the government can deliver the positive disruption for which the United Kingdom is relatively well-positioned.

A good example of AI use is UK online retailer Ocado, where customers’ orders are picked and packed in highly automated warehouses using swarms of purpose-built robots, capable of collaborating to pick a typical 50-item order in minutes (www.ocado.co.uk). Another example is [AI] Analytics Intelligence (www.analyticsintelligence.com), a data analytics and software development firm applying AI to clients globally.

Although not yet at maturity level, blockchain technology and artificial intelligence are transforming the economy and many aspects of everyday life. They are two of the technologies that lead the way and guide the growth of the global digital economy.

The potential of both is enormous and can change the world in ways that cannot even be imagined yet. The future belongs to blockchain and artificial intelligence.

Geoffrey Weli-Wosu is the founder of Domineum.io, a blockchain solution provider, and co-founder of Voguepay.com, a payment processing company, headquartered in Level 39, Canary Wharf, London and making strides in African markets.

Startup Domineum.io Generates $5M for African Govts within 11 months

 Transitioning Africa’s Government marine and real-estate departments to Blockchain

As blockchain technology is taking the market by storm and creating exponential growth, Africa would not be exempted. Delivering blockchain-as-a-service (BaaS) and AI enabled SaaS designed to increase the efficiency of marine services and land department real estate services for government agencies, blockchain startup Domineum.io and its founder, serial entrepreneur Geoffrey Weli Wosu, managed to create more than US$5 million for several African governments during the final 11 months of fiscal 2019.

What makes blockchain technology so powerful? Blockchain’s data structure, immutability and tamper detection, data protection, distributed ledger technology, relative user anonymity, the promise of ever-increasing IT spend, to name a few. Blockchain technology is already changing the way many segments operate, while its technology market is expected to grow from US$1.2B in 2018 to US$23.3B by 2023, an annual growth rate of 80.2%.

Ken Griffin, Citadel founder and philanthropist, says, “Blockchain’s a very interesting technology that will have very profound applications for society over the years to come.” Vitalik Buterin, co-founder of Ethereum, says, “Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.”

Blockchain technology allows users to participate in peer-to-peer transactions without involving central mediators, Financial Services and Insurance (BFSI) logically emerged as an early adopter. But many believe the true value of this revolutionary technology will be best felt across the developing world. From elections to international remittances, energy services to alternatives to banking, many issues could potentially be solved by a few principles inherent to blockchain: transparency and decentralization.

As a distributed ledger, or blockchain, technology company, Domineum Blockchain Solutions was established to assist Governments and Companies integrate Blockchain into their operations. Headquartered at Level39, London, with an R&D unit in San Francisco, a technology resource centre in Tallinn, and a current operational base in Nigeria and Sierra Leone, Domineum aims to disrupt several sectors in the emerging markets and leapfrog the current infrastructure with blockchain technology.

Domineum.io has quickly become a major developer of AI-enabled Blockchain Solutions for government agencies, financial institutions, and real estate and marine authorities interested in achieving the agility and capability needed to compete in current and future markets. In 2019, Weli Wosu and Domineum signed strategic Government alliances with Sierra Leone and Nigeria’s Abia State, producing revenues of more than $5 million within the fiscal year for the Government agencies.

No stranger to the markets, Geoffrey co-founded Voguepay.com, a payment processing platform established in 2012 with over 100,000 global merchants today; and invested (Level39) in Analytics Intelligence, an artificial intelligence (AI) technology start-up that provides solutions for data collection and analysis to a wide variety of customers in Europe, America and Africa.

Geoffrey studied Business (2006) and Law (2009) at the University of Bolton in the UK, he’s an Associate Member of the British Computer Society (AMBCS), Member of Level39, and author of “E-Government Solutions for the Developing World”, “How to Simplify the Work of Governments in Developing Countries”, and “Combining Blockchain and AI to Grow the Global Digital Economy” (ref: academia.edu).

For more information on the project pipeline, or to enter the discussion, please visit:

Website: https://www.domineum.io
Twitter: https://twitter.com/domineum
LinkedIn: https://www.linkedin.com/company/domineum/
Telegram: https://t.me/domineum

Media Contact:
Geoffrey Weli-Wosu
geoffrey.weliwosu@domineum.io
www.linkedin.com/in/geoffreyweliwosu
Level39, One Canada Square,
Canary Wharf, London, UK.

Blockchain Startup Domineum.io Generates $5 Million for African Govts within 11 Months

As blockchain technology is taking the market by storm and creating exponential growth, Africa would not be exempted. Delivering Blockchain-as-a-Service (BaaS) and SaaS solutions designed to increase the efficiency of marine service and real estate services for land departments and their related government agencies, blockchain startup Domineum and its founder, serial entrepreneur Geoffrey Weli Wosu, also managed to create more than US$5 million for African governments during 11 months in 2019.


What makes blockchain so exciting? Blockchain as a data structure, immutability and tamper detection, data protection, distributed ledger technology, relative user anonymity, and promise of doubling annual IT spend, to name a few. Blockchain technology is already changing the way many segments operate. Statistics show the way: the blockchain market is expected to grow from US$1.2 billion in 2018 to US$23.3 billion in 2023, a compound annual growth rate (CAGR) of 80.2%.

Blockchain technology allows users to participate in peer-to-peer transactions without involving any central mediators, so Banking, Financial Services, and Insurance (BFSI) emerged as the early adopter. But the increasing focus of global companies towards investing in blockchain together with the rising interest of public and government authorities in research and the regulatory approvals of products in the market has all but cemented the expansion of blockchain in the years ahead.

Explains Vitalik Buterin, co-founder of Ethereum, “Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.” Kenneth C. Griffin, Citadel founder and billionaire, says “Blockchain technologies will change transactions in a broad way.”

The digital cash system of this technology, with its underlying technology, could be extremely beneficial. It is to this end that many believe the true value of this revolutionary technology will be felt foremost across the developing world. Many issues could potentially be solved with a few key principles inherent to the blockchain, such as transparency, and decentralization; from elections to international remittance, as well as energy services and alternatives to banking.

As a distributed ledger technology company, Domineum Blockchain Solutions was established to assist governments and companies integrate blockchain into their operations. Headquartered in London, with an R&D unit in San Francisco, a technology resource centre in Tallinn, and current operational base in Nigeria and Sierra Leone, Domineum aims to disrupt several sectors in the emerging markets and leapfrog the current infrastructure with distributed ledger, or blockchain, technology.

Domineum has been a major developer and provider of enterprise-level systems designed to help government agencies, financial institutions, real estate and marine authorities achieve the agility and capability needed to compete in current, and future, markets. In 2019, Geoffrey and Domineum signed two strategic Government alliances, with Sierra Leone and Nigeria’s Abia State Government, and produced revenue of more than $5 million within 11 months for these Government bodies.

Geoffrey studied Business (2006) and Law (2009) at the University of Bolton in the UK, where he’s an Associate Member of the British Computer Society (AMBCS), and has authored papers on “E-Government Solutions for the Developing World”, “How to Simplify the Work of Governments in Developing Countries”, and “Combining Blockchain and AI to Grow the Global Digital Economy”. (ref: academia.edu).

No stranger to the markets, Geoffrey is also a co-founder of Voguepay.com, a payment processing platform established in 2012 with over 100,000 global merchants today; and an investor in Analytics Intelligence, an artificial intelligence (AI) technology start-up that provides solutions for data collection and analysis to a wide variety of customers in Europe, America and Africa.