Blockchain Technology and Cryptocurrency Are Saving Nigeria’s Polluted Niger Delta Region
“Sitting on the Gulf of Guinea, Ogoniland is Nigeria’s most polluted region. With an estimated 13 million barrels of crude oil spilled in the Niger Delta since 1958 from over 10,000 oil spill incidents – and no cleanups – one of the most biodiverse places on the planet has been devastated. With surrounding mangrove and freshwater swamps contaminated, vegetation decimated, and fish numbers diminished, the livelihoods of fishermen and farmers has also been, unsurprisingly, destroyed.
While in 2011, the United Nations Environment Programme (UNEP) said that it could take up to 30 years for full environmental restoration to be achieved in Ogoniland, the lack of accountability from oil giants, corruption, violence and mistrust between the Nigerian government and locals have halted any progress.
Chinyere Nnadi, a local entrepreneur, however, has a solution — blockchain, a digital ledger that provides transparent, instantaneous and indisputable record of transactions. With $1.4 billion invested into blockchain in the last nine months, enthusiasts, like Nnadi are hopeful it could be the next big development disruptor due to its potential to remove corruption and provide transparency and accountability…”
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