Today Japan’s Soramitsu announced a strategic partnership with the Nigerian Institute of Social and Economic Research (NISER), a government funded research body and think tank. The collaboration is for blockchain technology research and to develop skills and applications in Nigeria.
Soramitsu is best known as the developer of Bakong, Cambodia’s very successful digital currency payment network that has ten million wallets out of a population of 17 million. It has helped other governments with central bank digital currency (CBDC) and other research, including the Philippines, Vietnam, Indonesia, Laos, Fiji, Palau, Papua New Guinea and the Solomon Islands.
The aim is to combine NISER’s local knowledge with Soramitsu’s deep blockchain expertise. In terms of technologies, that means central bank digital currency, SORA and Hyperledger Iroha. Additionally, they will also explore and implement applications to enhance financial inclusion and address Nigeria’s economic development goals.
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