Home Latest Convexity Technology launches digital answer – Punch Newspapers

Convexity Technology launches digital answer – Punch Newspapers

0
Convexity Technology launches digital answer – Punch Newspapers

[ad_1]

Convexity Technology Limited, a blockchain consultancy agency, has unveiled a digital answer known as, ‘Convexity Humanitarian Aid Transfer Solution’, to create end-to-end visibility and transparency for humanitarian help given to Nigeria and Africa.

It stated this might join all stakeholders inside the distribution from the donors right down to the beneficiaries. It famous that its answer used blockchain know-how.

The Chief Operating Officer, Convexity, Mr Adedeji Owonibi, disclosed this throughout a seminar organised as a part of the corporate’s company social duty in Abuja themed, ‘Data protection for humanitarian organisations in the 21st century; A tool to attract funding’.

He stated, “Data privateness is vital in humanitarian providers however we seen a number of these organisations aren’t taking information privateness significantly.

“That is why as we unveil this answer, we’re guaranteeing the problem of knowledge privateness is handled as a part of our CSR. We organised this seminar to teach NGOs on the significance of knowledge safety since they deal rather a lot with private information.

“This answer we’ve got developed captures the Iris of the beneficiaries which is essentially the most distinctive type of identification, making it private information. We are even taking this from the NGOs to the federal government, empowering them on tips on how to examine cryptocurrency-related frauds and the like.

“This technology has features of immutability and transparency by connecting the donors, NGOs, beneficiaries and vendors together through an app so donors can track every step and how the money is being utilised for beneficiaries. The system is highly transparent because no one can alter what is already input into it. UNICEF saw this technology and felt it is great and they supported us with funding to develop it more.”

Also talking on the occasion, the National Commissioner, Nigeria Data Protection Bureau, Dr Vincent Olatunji, represented by the Head, Legal and Enforcement Unit, NDPB, Babatunde Bamigboye, reiterated the necessity for information privateness, particularly with the rise in humanitarian issues. He said that it was a manner to enhance the event of Nigeria.

He stated, “The four objectives of data protection are to protect the privacy of Nigerian citizens, to ensure the protection of data in exchange transactions, to prevent data manipulation and to ensure that Nigerian businesses and data controllers are competitive in the global economy. These are fundamental issues everyone should note about data protection. Data privacy is your right as a citizen and resident of Nigeria.”

[adinserter block=”4″]

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here