Blockchain school to open in Rwanda

Xcelpay|4 min read|Jan 27, 2020

Africa Blockchain Institute to open blockchain school in Rwanda.

The Africa Blockchain Institute (ABI) announced that in 2020 it will open the first blockchain school in Rwanda with five new courses for local developers, industry professionals and officials.

ABI Executive Director Kayode Babarinde explained that the courses will focus on the basics of distributed ledger technology and the use of blockchain in the corporate industry, as well as in marketing and law.

Babarind noted that before the school was opened in Rwanda, an experimental course was conducted in Ghana in order to receive feedback from “students” and to know their further wishes. Based on the experience of the participants in this pilot course, the curriculum of the Rwandan school had to be reviewed and necessary changes added.

Kayode Babarinda also emphasized that the support of Norbert Haguma, Chairman of the Blockchain DLT Rwanda Association, has become a key factor in opening a school in the country, given that Rwanda is gradually creating favorable conditions for the development of digital technologies. At the same time, Babarind believes that it is necessary to promote the implementation of the blockchain not only at the local level, but also to be open to cooperation with other countries.

ABI together with the Association intend to develop recommendations for the formation of a regulatory framework for the development of blockchain on the African continent, which will reduce the incidence of cryptocurrency fraud.

Note that the authorities of Rwanda are beginning to use the blockchain to track the production and supply of tantalum — a metal used in consumer electronics. The technology is designed to solve the problem of illegal development and smuggling.

A school will also be built for cryptocurrencies in Rwanda. Nonprofit organization Zam Water and financial platform provider Peer-to-Peer Paxful are trying to raise $ 100,000 using US cryptocurrencies for the educational center.

In turn, the central bank of Rwanda has joined the race with other world regulators for the study and development of the national digital currency.

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