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The Most Influential Business People Driving Blockchain Adoption

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Blockchain adoption

Why has bitcoin’s market valuation soared past $1 trillion? Why is cryptocurrency a $2 trillion asset class today? Why are people suddenly going bonkers over a meme coin named DOGE? Why are NFTs making front-page headlines on every major news daily?

Because of a few people who are putting their weight behind the digital asset space and directly influencing the growth of the blockchain industry.

But who are these people? We’re profiling five of the biggest names in the industry below!

Elon Musk

Elon Musk

Elon Musk, CEO, Tesla, CTO, SpaceX, Source: CNBC

The suave and dapper CEO of Tesla, CEO, CTO, and chief designer of SpaceX, founder of The Boring Company, co-founder of Neuralink, and co-founder and initial co-chairman of OpenAI doesn’t need any introduction.

Well, that was an introduction. Besides the said positions that Elon Musk holds, he is a long-term believer in cryptocurrency and blockchain technology.

Everyone in the crypto community is well-versed with Elon Musk’s Dogecoin obsession. Such are the effects of his tweets that people not owning any cryptocurrencies have started taking an active interest in crypto prices and markets. You know where they headed first, right? Of course, Dogecoin!

Musk has garnered a reputation for being a straight-on DOGE “shiller.” Thus, curious folks find themselves searching for “Elon Musk dogecoin investment” on Google. And not just DOGE.

Musk’s company Tesla announced a $1.5 billion investment in bitcoin on its balance sheet more than two months back, along with the addition of BTC as a payment option for purchasing a new car. Musk and company understand that the cryptocurrency asset class is a great way to open up finance for all individuals irrespective of nationalities and geographies. Although we may never know whether or not Elon Musk does have any cryptocurrency, he indeed has pushed people enough to join the blockchain bandwagon.

Michael Saylor

Michael Saylor

Michael J Saylor, founder and CEO, MicroStrategy, Source: Wikipedia

Another business executive and American entrepreneur who took the world by storm with his company MicroStrategy’s massive bet on bitcoin is Michael J. Saylor. But initially, the billionaire was a hardcore sceptic.

His public disdain for BTC has now become ancient history. He admitted that his comments were unfounded (in an interview with CoinDesk last year):

“I went down the rabbit hole during COVID-19,” Saylor said, admitting he “was wrong” to have doubted bitcoin back in the $600 range.

“I wish I knew then what I know now,” he said.

Last year he kickstarted the massive institutional bitcoin investment and blockchain technology adoption drive, which inspired many other prominent corporations such as Jack Dorsey-led Square to add bitcoin to their balance sheets.

Michael Saylor has now become the poster boy of bitcoin institutional investment, and his reasons are pretty much logical. Unlike all fiat currency-based assets, BTC is deflationary as it has limited supply, and that the Bitcoin blockchain network is highly secure and permissionless. In the same interview with CoinDesk last September, Saylor expressed his “primary concern” is to “move away from the dollar.”

Jack Dorsey

Jack Dorsey

Jack Dorsey, founder, Twitter and Square, Source: Britannica

Jack Dorsey is the founder of social media giant Twitter and payments firm Square. Jack has been a bitcoin advocate for quite a long time.

Square’s subsidiary firm Cash App has set an example in blockchain adoption in financial services by letting customers buy and sell bitcoin. Apart from this, the parent firm announced a $50 million investment in BTC, followed by an additional $170 million investment this year in February. And it just doesn’t stop at bitcoin investment.

Square Crypto, the BTC focussed arm of Square, has established a record by giving out 26 grants to boost the development of Bitcoin and recently announced funding for the team behind a popular Bitcoin blockchain explorer.

Mr Dorsey is behind all these developments. He recently partnered with popular musician Jay-Z to set up ₿trust, a 500 BTC endowment to fund bitcoin development and boost blockchain industry growth. African and Indian teams will be the initial recipients of a chunk of the fund. The Silicon Valley-based billionaire tech entrepreneur has done and is still doing what it takes to boost crypto and blockchain adoption.

Recently, Mr Dorsey sold his first tweet as an NFT for over $2.9 million, converted the proceeds to BTC, and donated to the GiveDirectly fund to help alleviate poverty in Africa.

The Winklevoss Twins

Winklevoss twins

The Winklevoss twins with the Gemini bus in New York City, Source: MarketWatch/Twitter

Losing the ownership of Facebook to Mark Zuckerberg didn’t stop these two Olympic rowing and investor twins. Instead, they entered the cryptocurrency race intending to spur solid blockchain industry growth. In 2012, both bought bitcoins for $10 million when the top cryptocurrency’s price was trending at around $8.

What followed is the cryptocurrency market’s rise across nine years and the ballooning of the Winklevoss twins’ worth, to the point (around $6 billion) that they have now made the Forbes list of global real-time billionaires. As per the latest accounts, both have invested in 25 crypto firms. Apart from their investments, Tyler and Cameron Winklevoss actively promote crypto purchase and adoption through Gemini, the cryptocurrency they own.

In a development that would make blockchain part of the banking industry, in October 2015, Gemini became one of the first cryptocurrency exchanges designated as a trust bank by the New York State Department of Financial Services.

The Winklevoss twins also support the current NFT trend through their acquisition of Nifty Gateway.

The twins ran “full bus” cryptocurrency advertisements encouraging people to buy BTC and other crypto assets and “fuel the open finance movement.”

While these were all successful individuals who have helped elevate cryptocurrency and blockchain technology and advocated their adoption, certain firms are operating with the same goal.

AIKON is one such firm that specializes in providing secure blockchain identity services through ORE ID, its proprietary blockchain authentication system. The AIKON team has partnered with AllianceBlock, which wants to enable anyone and anybody to benefit from secure access to the trillion-dollar capital market without having to jump through needless hoops to do so. AllianceBlock’s objective is to build the world’s first globally compliant blockchain-based capital market. ORE ID, which impresses on using blockchain for authentication, will play an instrumental role in the project’s identity management system.

What becomes quite clear is that blockchain technology adoption is at a nascent stage. Of course, an increasing number of business bigshots are helping catapult the ecosystem to mainstream prominence. Still, the effects of their actions have barely covered the tip of the adoption iceberg.

There’s a long way to go. This drop may seem minuscule and insignificant, but it will pave the way for the ocean’s formation.

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Building 234 Solutions: A Response to Everyday Workforce Challenges

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Owoloye Emmanuel 234 Solutions

By Owoloye Emmanuel

Every business starts with a problem. For us, that problem was hiding in plain sight.

Across organisations, we kept seeing HR professionals, payroll teams, and business leaders spend significant time navigating processes that should be simpler. Employee records sat across multiple systems, payroll processes required manual intervention, and routine workforce tasks often became more complicated than they needed to be.

As businesses grow, workforce operations naturally become more complex. Yet many organisations still rely on disconnected tools and workflows that create unnecessary friction for both employers and employees.

The consequence is more than operational inefficiency. HR teams spend valuable time managing systems instead of supporting people. Business leaders struggle to access timely workforce insights, while employees experience delays in processes that should be seamless.

These weren’t isolated challenges. They were recurring realities across workplaces, regardless of industry or size.

That observation led us to a simple question: what if workforce management could be easier?

What if HR, payroll, and workforce operations could work together within a single, connected experience?

That question became the foundation for 234 Solutions.

We are building 234 Solutions with a clear belief that workplace technology should reduce complexity, not add to it. Our goal is to help organisations spend less time navigating processes and more time focusing on productivity, growth, and people.

As we prepare for launch, our focus remains simple: building practical solutions for real workplace challenges and helping organisations create better experiences for the people who power them every day.

Owoloye Emmanuel is the founder of 234 Solutions

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The Role of TV in Preserving African Stories and Identity

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Preserving African Stories

Scroll through social media today, and you will notice something interesting: everyone is either reacting to a series, quoting a movie line, or debating a character as though they personally know them. Beneath the memes and binge-watch culture, however, lies something deeper. Television remains one of the most powerful tools shaping how Africans see themselves, remember their history, and tell their own stories. In a continent as diverse and expressive as Africa, that matters more than ever.

TV as a Cultural Archive, Not Just Entertainment

Long before streaming algorithms began shaping our viewing habits, television was already preserving African identity. From Nollywood dramas that capture the rhythm of everyday Lagos life to documentaries exploring Maasai traditions and Ghanaian folklore, TV has served as a living archive of the continent’s stories.

It preserves more than entertainment; it preserves language, culture, humour, values, and shared experiences. Unlike fleeting social media content, television allows stories to unfold with depth, exploring the realities of family, tradition, ambition, and modern African life without reducing them to stereotypes. That is the power of TV: preserving not just stories, but perspective.

Why Representation on TV Still Matters

There is a subtle but important truth: if people do not see themselves on screen, they may begin to believe their stories are not worth telling. This is why African TV content is more than entertainment; it is affirmation.

Seeing a character who speaks like you, struggles like you, or celebrates like your community does something powerful. It validates identity and challenges outdated narratives that have historically defined Africa through external lenses.

This is where MultiChoice Group, through platforms such as DStv and GOtv, plays an important role. They do not simply broadcast content; they help distribute cultural memory at scale.

GOtv, DStv, and the Everyday African Viewer

Think about a typical evening in many African homes: the TV is on in the background, someone is laughing at a comedy show, another person is watching a local series, and someone else is catching up on the news. That shared viewing experience remains very real.

Through platforms such as DStv and GOtv, African households are exposed to a blend of local storytelling and global content. More importantly, they have helped amplify African-produced content by bringing Nollywood films, African reality shows, talk shows, and documentaries into mainstream rotation.

It is not just about access. It is about visibility.

A young filmmaker in Lagos today is more likely to believe their story matters because they have seen similar stories broadcast widely. A child in Accra grows up hearing familiar accents and seeing environments that look like their own on screen, not as exceptions, but as the norm.

TV Is Also Shaping Modern African Identity

African identity is not static; it is evolving. Television reflects that evolution in real time.

Today, audiences see:

  • Young Africans balancing tradition and modern dating culture

  • Stories tackling mental health in African households

  • Fashion and music influences spreading through TV series

  • Political satire shaping public conversation

Conversations that were once confined to homes are now being explored on screen, giving audiences the language to discuss issues that were previously unspoken.

In many ways, television is doing what oral tradition has always done: passing stories, values, humour, warnings, and history from one generation to the next. The difference is that today’s griots are writers, directors, and broadcasters.

The Future: From Watching to Owning Our Narratives

The next stage of African storytelling is not just about being seen; it is about ownership.

As more African creators produce content and platforms continue to invest in regional storytelling, television becomes more than a mirror. It becomes a tool for shaping how Africa is represented to itself and to the world.

While streaming continues to grow, television, particularly accessible platforms such as GOtv, remains one of the most effective ways to reach everyday audiences across different income levels and regions. After all, storytelling only matters if people can access it.

African stories are not new. They have always existed in families, on streets, in markets, in history books, and through oral traditions. What television has done, and continues to do, is give those stories a stage wide enough for millions to experience them at once.

The next time you watch a local series or documentary on DStv or GOtv, remember that you are not just being entertained. You are participating in the preservation of African identity itself.

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The Future of AI in Nigerian SMEs: Overcoming Barriers to Implementation

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Kehinde Ogundare 2025

By Kehinde Ogundare

Ask a tech entrepreneur in San Francisco what AI means for their business, and they are likely to talk about competitive advantage, product differentiation, and scale. Ask a small business owner in Kano or Onitsha the same question, and the conversation shifts entirely.

For many Nigerian SMEs, the priority is keeping the lights on, managing costs, and finding sustainable ways to grow in a challenging economic environment. This difference in perspective explains why the global AI conversation, often shaped by assumptions about stable infrastructure, deep capital, and abundant technical talent, frequently fails to address the realities facing Nigerian SMEs.

This matters because Nigerian SMEs are not a peripheral concern. In 2024 alone, MSMEs contributed 46.32% to Nigeria’s GDP, accounting for 96.9% of businesses and 87.9% of employment. These businesses are the backbone of the Nigerian economy, and if AI is going to mean anything for Nigeria’s development, it has to work for them in the daily conditions they actually operate in.

However, research drawing on empirical data from 144 Nigerian SMEs found that inadequate infrastructure, low digital literacy, skills shortages, and regulatory gaps are collectively preventing them from meaningfully engaging with AI. Awareness of AI is high and growing. What is missing is a clear and honest conversation about what adoption actually requires in this specific context. The barriers are real, but none of them are insurmountable. The question is whether the tools, pricing models, and support structures being offered to Nigerian SMEs are designed with those barriers in mind, or whether they have been built for another market entirely.

Subscription models making AI affordable for small businesses

When most small business owners hear “AI,” they imagine expensive software, specialist consultants, and a hefty upfront bill.

That assumption is not entirely wrong, but it describes a particular way of buying technology, not AI itself. The shift that makes AI genuinely accessible at the SME level is the move away from large, one-time capital purchases towards tools that charge a predictable monthly subscription. Businesses can pay for what they use, scale back when necessary, and avoid the debt that a major technology investment can create.

The deeper opportunity here is consolidation. Many SMEs are already spending money across multiple disconnected tools—one for invoicing, another for customer records, another for stock tracking—none of which talk to each other. An integrated platform that handles several of these functions together, with AI built in, can actually cost less than the sum of those separate subscriptions while giving business owners a clearer picture of their operations.

With margins already under pressure, any technology a business adopts needs to visibly show an increase in productivity or bottom line. Subscription-based, integrated platforms, priced transparently and honestly, are the model that best fits this reality.

Infrastructure challenges demand a mobile-first approach

No conversation about technology in Nigeria is complete without confronting the infrastructure problem, and AI is no exception. Nigeria continues to face major infrastructure barriers, including limited broadband access, unreliable power supply, and high data costs, all of which constrain deeper AI adoption. These are structural features of the operating environment that any sensible technology strategy must account for today.

The electricity situation alone is significant. The World Bank estimates that the lack of stable electricity costs Nigeria’s economy approximately $26.2 billion annually, equivalent to about 2% of GDP, forcing many businesses to run on expensive diesel generators. That cost ripples outward.

In practical terms, AI tools built for Nigeria cannot assume a stable broadband connection or a computer that is always powered on. The tools that will actually get used are the ones that work on a smartphone, consume minimal data, and can function offline when connectivity drops, syncing back up when it returns. The mobile phone is already how many Nigerian SME owners run their businesses. AI that meets them there, rather than demanding infrastructure they do not have, is AI that has a genuine future in this market.

The direction is clear: build capability from within, using tools that make that possible. Recent AI performance research reveals that 64% of African workers are already actively using AI at work, signalling massive grassroots readiness and driving forward-thinking organisations across Nigeria, Kenya, and South Africa to aggressively prioritise internal upskilling frameworks to bridge the talent gap.

As the policy groundwork is being laid, the commercial ecosystem is beginning to respond. What remains is a clear-eyed acceptance that AI tools built for this market need to look different from those built for markets with different realities. Low cost, low bandwidth, and usability for non-technical people are not modest ambitions; they are the actual requirements. Build for those realities, and AI has a real future in Nigeria’s SME economy.

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