Feb 2nd, HalalChain, the first public blockchain company that focuses on serving Muslim countries and regions announced the launch of the Nigerian blockchain community. Currently, two community managers have been officially appointed to establish a blockchain community of more than 1,000 people, Nigeria will become an important stop for HLC to enter the African region, obviously.
With the spread and development of blockchain technology on a global scale, Nigeria is recognized as one of the most promising African countries to use blockchain technology and is expected to become the blockchain center in Africa. On the one hand, the Nigerian government actively advocate blockchain technology to serve the domestic economy. On the other hand, due to the relative lag of financial services in Nigeria, blockchain technology is urgently needed to change the status quo of financial development. Nigeria is also Africa's largest economy, and its unique economic strength provides strong support for Nigeria's blockchain development. The HLC public chain focusing on the Islamic economy will surely shine in the potential market in Nigeria by virtue of the localization of Islam and the perfect ecological layout of the blockchain.
In November last year, Mr. Abdullah Han, Co-founder and Director Manager of HLC, met with Inuwa Abdul-Kadir, Chairman of the Board of Directors of the National Agency for Food and Drug Administration and Control (NAFDAC) of the Federal Republic of Nigeria. In order to achieve business cooperation, HLC will provide NAFDAC with a blockchain technology solution for its traceability management platform, a traceable application called "NAFDAC Watch" for NAFDAC services and operations to build a complete Islamic economy ecosystem.
Nigeria is the most populous country in Africa, with a total population of over 186 million, more than half of which are Muslims, and a total population of nearly 100 million. Nigerian people have increasingly strong demands for food security and financial services, which lays a huge foundation for HLC's Islamic financial layout in Nigeria.
Since 2018, HLC has completed the development of four core functions of public chain and successively reached cooperation with five major international projects. On January 19, Abdullah Han, co-founder of HLC, discussed the plans with UK financial partners to issue the world's first blockchain Islamic bond based on HLC public chain, which is stable coins based on Islamic bonds as collateral and the Islamic financial market in Nigeria will have a huge boost to the development of Nigeria's financial business.
With the continuous development of HLC and Nigeria's business development, the HLC Nigeria community consensus has gradually reached, the community performance has become increasingly active, and more and more community members are paying attention to HLC. The HLC Nigerian community will become an important part of the community node of HLC's ecological development.
HalalChain is the first public blockchain company that focuses on serving Muslim countries and regions. By implementing blockchain technology into the Halal supply chain and Islamic financial industry they will help to increase transparency and traceability in Islamic financial products and services, traceability of halal and healthy products, Zakat donations, heritage and property registration, cultural communication etc.
HalalChain is built on the new distributed ledger Directed Acyclic Graph (DAG). This underlying technology, guarantees security and decentralization while achieving “High Throughput”. Advanced DAG technology with unique use cases enable HalalChain to build across the multi-layer payment system within the Islamic economy ecosystem.
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