“AFRICAN BLOCKCHAIN WEEK STARTED, MONDAY IN RABAT, IN THE FORM OF A VIRTUAL SUMMIT AIMED TO GIVE MAJOR PLAYERS IN THIS TECHNOLOGY THE OPPORTUNITY TO PRESENT AN OVERVIEW OF THE SITUATION OF VIRTUAL BANKS, THE INDUSTRY OF CRYPTOCURRENCY AND PAYMENTS, WHILE EVALUATING THE REGULATORY CHALLENGES AND THE OPPORTUNITIES OFFERED BY BLOCKCHAIN TO AFRICAN COUNTRIES.”
This pan-African event, co-organized by NexChange Group and Marita Group, in partnership with the African Union (AU), will continue until July 1 and will give Morocco the opportunity to mark its presence in this promising sector and to future, while playing its role as a hub at the continental level to enable the African financial and banking sector, thanks to its great capacity to adapt, evolve and innovate, to integrate blockchain and seize its opportunities. .
In a press statement at the opening of the summit, Juwan Lee, Chairman of NexChange Group, explained that it is a collaboration between NexChange and Marita Group who, following a joint venture, created Marnex Blockchain Holding. Marnex will launch a series of major events at the African level and in particular in Morocco which, in addition to being a hub, has the legal framework favorable to the development of blockchain.
“In a very short time, Africa Blockchain Week managed to bring together more than 10,000 participants, making it the largest blockchain-related event ever organized in Africa,” noted Mr. Lee, expressing his belief that the Blockchain will have a major impact, not only on state establishments, but on every individual in Africa.
Blockchain will play an important role in sectors that are of major importance to Africa, namely agriculture, health and financial inclusion, he said.
This event, which today brings together several decision-makers, investors, consultants and developers, “therefore offers the opportunity to seal several partnerships which will see the light of day in the near future”, maintained Mr. Lee.
For his part, the CEO of Marita Group, Rahhal Boulgoute, indicated that this summit is a unique opportunity to exchange between recognized experts from five continents in the field of blockchain, specifying that this event will now be held annually and will take place in person from 2022 with the expected improvement in the health situation.
The special conditions imposed by the new coronavirus have accelerated the implementation of a new economic model based on digitalization and blockchain, underlined Mr. Boulgote, noting that through this event, Morocco offers Africa the possibility to benefit from American, Asian and European experiences thanks to the presence of more than 100 speakers representing international institutions and leading governments in the field of blockchain.
For his part, Rob Charles, founder and president of Goldfingr, praised this initiative which will promote the development of Africa through the sharing of technologies and experiences, particularly in the field of education.
He said he was convinced that this event will have a direct impact on investments which will create added value not only in Morocco but throughout Africa.
Through its direct interaction with new forms of technology and financial change, blockchain technology has become an excellent alternative for millions of unbanked Africans who do not have access to mobile payment systems.
Until July 1, this summit will bring together major blockchain players and decision-makers on themes such as “Blockchain payments: cross-border payments, remittances, interbank settlement”, “alternative payment systems for the unbanked population ”, “Digital Identity: Transforming Africa’s Economic and Political Landscape” and “The Development of Digital Banking in Africa”.