Nigerian entrepreneur Kingsley Ekwuruke is the brains behind the Network of Blockchain Solutions Advocates Association (NOBSAA), an organization committed to driving blockchain adoption and innovation while promoting economic growth and development in Africa.
A blockchain is a distributed database or ledger shared across a computer network’s nodes. It is best known for its crucial role in cryptocurrency systems, maintaining a secure and decentralized record of transactions, but not limited to cryptocurrency uses. Blockchains can be used to make data that cannot be altered in any industry.
At NOBSAA, Kingsley leads a non-profit organization promoting blockchain awareness, education, and adoption.
“I hold a degree in Agribusiness and Management Science and have completed various certifications in blockchain technology, cryptocurrency, and digital innovation. My educational journey has equipped me with the skills and knowledge necessary to navigate the rapidly evolving tech landscape,” says Kingsley.
“Throughout my career, I have been driven by a desire to harness technology to drive positive change and economic growth in Africa. This passion led me to establish NOBSAA, to promote blockchain adoption, education, and innovation across the continent,” he adds.
Tech Enthusiast
Born in Onitsha Anambra State and raised in Abia Nigeria, Kingsley developed a fascination for technology and innovation from a very young age. He remembers how, as a child, he would experiment with electrical technology by embarking on many small projects.
“The inspiration to start NOBSAA stemmed from recognizing the vast potential of blockchain technology to transform various sectors in Africa, including finance, healthcare, and education.
“I identified a significant gap in awareness, education, and adoption of blockchain solutions in the region. NOBSAA is headquartered in Nigeria, with a growing presence across Africa and other parts of the world. Our team consists of experienced professionals in blockchain development, education, and advocacy.”
Staying Ahead
As the business landscape continues to undergo significant transformations since NOBSAA was started, Kingsley and his team have had to constantly remain ahead of the curve by adapting to the changes.
This has been accelerated by the growing awareness and adoption of blockchain technology leading to increased investment, innovation, and collaboration across industries.
“To stay ahead of the curve, we focus on continuous learning, research, and development. We also engage in strategic partnerships, collaborations, and advocacy efforts to promote blockchain adoption and education.
“One of the most significant obstacles I’ve faced is navigating the regulatory landscape in Africa. The lack of clear regulations and guidelines has posed challenges for blockchain adoption and innovation.
To overcome this, we’ve engaged in advocacy efforts, working closely with policymakers, regulators, and industry stakeholders to promote a favorable regulatory environment for blockchain technology,” says Kingsley.
Notable Milestones
Kingsley is proud of the success stories he and NOBSAA have written in the development of a blockchain-based platform for supply chain management in the agricultural sector.
“This project has improved efficiency, transparency, and accountability in the supply chain, benefiting farmers, suppliers, and consumers.
“We have also launched various education and training programs, aimed at promoting blockchain awareness and adoption among African youth. These initiatives have equipped participants with the skills and knowledge necessary to develop innovative blockchain solutions,” he points out.
“I am passionate about promoting digital literacy and education in Africa. I believe that access to quality education and digital skills training is essential for driving economic growth, innovation, and development in the continent.
“To this end, I am involved in various initiatives aimed at promoting digital education, entrepreneurship, and innovation in Africa.”
Collaboration and Sharing Knowledge
Kingsley advises emerging entrepreneurs in the blockchain space to focus on developing a deep understanding of blockchain technology and its applications. He underscores the importance of staying up to date with the latest trends, innovations, and regulatory developments in the industry.
“I would also recommend building a strong network of peers, mentors, and industry experts. Collaboration and knowledge-sharing are critical in the blockchain ecosystem.
Looking ahead, Kingsley is excited about the future and how the ever-changing technological landscape is likely to positively shape the industry he is working in.
“I am excited about the growing adoption of decentralized finance (DeFi) solutions in Africa. DeFi has the potential to transform the financial landscape in the continent, providing greater access to financial services, improved efficiency, and reduced costs.
“I am also interested in the development of central bank digital currencies (CBDCs) in Africa. CBDCs can help promote financial inclusion, improve monetary policy effectiveness, and reduce the risk of currency fluctuations.
“One of the most significant lessons I have learned as an entrepreneur is the importance of resilience, adaptability, and continuous learning. The entrepreneurial journey can be challenging, with many twists and turns,” he says.
