Businesses have been urged to take full advantage of blockchain technologies to transform their operations.
Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.
The President of an American technology firm, VX Technologies, Justin Pauly, who gave the advise explained that innovative blockchain solutions could create a safer and more secure digital future for the country as well as advance legacy storage systems and future-proof the country’s digital infrastructure.
Mr Pauly who gave the advise last Thursday at a blockchain conference organised by VX Technologies in collaboration with the American Chamber of Commerce (AMCHAM), Ghana, in Accra on the theme: Ghana’s Future on Blockchain said, “Many records, including healthcare documents, education certifications, and professional licenses, stand to benefit from being on blockchain.
Revenue generation
Mr Pauly said; “Blockchain innovations generate revenue, lower costs, and provide special features to governments and businesses. It also reduces the time, energy, and cost for verification of data authenticity while storing information permanently and immutably,” he said.
“As a leader in blockchain technologies in healthcare and education, we are honoured to be leading this important event in the country. We have pioneered immutable storage and verification of information on a trusted network to prove the integrity of the data at any time.
He noted that the company’s partnership with AMCHAM will bring together government and business leaders to explore how blockchain solutions will transform the continent, with Ghana leading the way.
A Commercial Officer at the United States of America (USA) Embassy in Ghana, Laurie Kellecher, described the conference which formed part of her outfit’s effort to bring US information communications technology (ICT) solutions to the country as an important one.
That she said is…
