Telecommunications giant Vodafone has teamed up with Stanbic Bank, IBN and HackLab foundation to launch a blockchain initiative aimed at educating students about the benefits of blockchain technology.
Themed “Can blockchain technology transform the service sector?” the initiative was launched during the recently concluded HackLab Foundation’s Hackathon. More than 500 developers and 16 institutions attended the event, which was held at Kwame Nkrumah University of Science and Technology, Ghana.
During the event, students were asked to develop workable and scalable solutions to some of the problems faced by African developers while implementing blockchain technology. Participating students were able to build solutions in 10 different areas within blockchain technology. Additionally, exceptional students were awarded internships, job opportunities, and investments for their solutions.
The winning team got a wonderful opportunity to take part in the Hacklab-GSBS Start-up School where they would develop their blockchain solutions further with the support of a tech company.
The Hacklab foundation said in a statement:
“We are always excited about the opportunity to unearth young talents in the digital technology sector. Blockchain technology is a fascinating concept, which has captured the attention of the world, and this hackathon is a demonstration of our commitment to lead a digital revolution in Ghana.”
Vodafone Embracing Blockchain Technology
As a growing number of businesses and tech companies embrace blockchain technology, tech giants, it seems, are not ready to sit back and try to play catch-up tomorrow. Vodafone has become the latest telecommunications giant to launch a blockchain initiative to promote the adoption of technology in Africa. The company has been a champion of digital initiatives and this latest move could position the tech company as a leading player in for blockchain adoption in Africa.
In addition, this blockchain initiative reinforces the company’s efforts to provide its empower young people in Africa to become innovators and entrepreneurs in the competitive tech space.