Policy think tank Institute for Liberty and Policy Innovation (ILAPI) has launched the Centre for Coin Liberty.
The Centre is a blockchain advocacy centre and research but it is not a cryptocurrency investment scheme, not cryptocurrency investment advisors and not to push the youth into cryptocurrency investment.
The team at the centre includes researchers, lawyers, development historians, conflict and security consultants, and think tank developers.
Speaking at the launch, the Director of the Centre, Nathaniel Dwamena, said the centre’s purpose is to use evidence-based methods and research to create constant and continuous public engagement to shape legislation for blockchain adoption.
He explained that the centre is also set up to focus on achieving impact by influencing public policy for blockchain solution integration for development and building readiness for the use of blockchain and decentralized solutions in Ghana and Africa.
He stated that blockchain technology is a form of distributed larger technology in which data is distributed over a network of computers instead of being copied.
He said the pillars of the centre will be hinged on blockchain policy research, blockchain education and advocacy, participatory blockchain technology innovations and digital assets and adoption strategy.
He was optimistic Ghana could deploy blockchain technology in several industries including for election management just as Japan introduced it in 2020 in Tsukuba City as well as in the United States where it was used during the 2020 presidential election (Utah County).
He further revealed that Thailand’s National Electronics and Computer Technology Centre has completed the development of a system of blockchain-based voting.
He added that the centre looks forward to working with several stakeholders including regulatory agencies, the media and others towards integrating blockchain solutions, public policy and conversation and partnership and collaboration.
To him, blockchain technology can help fight corruption, reduce poverty and ensure financial inclusion.
Chairman for the event Selorm Brantie, Global Strategy Director. mPEDEGREE and Vice President IMANI Africa asked the media to be advocates of blockchain technology.
He opined that blockchain increases trust, security, transparency, and the traceability of data shared across various networks.
He also argued that the technology delivers cost savings with new efficiencies.
He indicated that adapting to the blockchain should come with education and awareness, and that is something the media could help in achieving.
He said data shows that in the next ten years one out of every six persons would have a blockchain account.
On his part, the Executive Director of ILAPI, Peter Bismark Kwofie, noted that they would use public opinion and make sure the public understands the importance and potential of blockchain.
He revealed that the team is currently building a dapp to eliminate fraud and extortions from real estate agents.