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Boomplay Regional Director and co-founder of 360nobs.com, Oye Akideinde said that blockchain will be more widely accepted as a global means of payment, especially in the entertainment sector by 2019.
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He made the prediction at the recently concluded Lagos Digital Summit (LDS) 2018, which helped the Tech Park in Gbagada, Lagos. The summit organized by one of Nigeria's fastest growing technology companies, Expoze, is one of the largest technical conferences in Nigeria and attracts a large gathering of startups and technology influencers.
Akideinde, recently emerged as the Digital Entertainment Innovator of the Year at the 2018 Marketing Edge Brand and Advertising Excellence Award, told the summit that the global perspective of blockchain technology will change as it becomes mainstream, as there will be more demand for it over and beyond. Fintech industry.
"My only big prediction is that block chain technology would be a big thing in Africa in 2019. Regulators will accept it, I see blockchain technology being adopted for other uses beyond the fintech space … in entertainment, in lifestyle and other related fields, "he said.
Oye, who is a thought leader in the technology sector and a much-requested speaker at conferences and summits in Nigeria and abroad, also noted that the videos will become even more relevant in the next year.
While admitting that video has already been a major phenomenon this year, he added that the uptake and increasing penetration of smartphones and the internet ensures that the video will become even more formidable in 2019. He also stressed that a another factor that will drive the use of multiple videos is the reduction of data costs.
"Smart phones and Internet penetration continue to grow at an amazing rate, so video ads and content this year will get even bigger, brands will be able to make more video content available to their creators and their narratives, and I see a lot of influencers coming up with more innovative and original uses for the videos. "
Akideinde has over 18 years of professional experience as a professional and digital entrepreneur. His work experience was mainly in the consumer goods, eBusiness, financial, media and digital sectors. He has had success in IT, in project management, in strategy, in the development of products and commercial activities, in marketing, equipping him with a wide range of skills. In December 2017, Boomplay had become one of the biggest music apps in Africa with over 17 million users. Boomplay Music currently has over 37 million users on their music service.
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