wants to transition Africa’s marine & real-estate agencies to Blockchain

54, a Nigerian blockchain-as-a-service (BaaS) and AI enabled SaaS platform aims to increase the efficiency of marine services and land department real estate services for government agencies across Africa., founded by VoguePay’s Geoffrey Weli Wosu, claims to have created more than US$5 million for several African governments during the final 11 months of fiscal 2019.

In 2019, Domineum signed strategic Government alliances with Sierra Leone and Nigeria’s Abia State, producing revenues of more than $5 million within the fiscal year for the Government agencies.

No stranger to the markets, Geoffrey co-founded, a payment processing platform established in 2012 with over 100,000 global merchants today; and invested (Level39) in Analytics Intelligence, an artificial intelligence (AI) technology start-up that provides solutions for data collection and analysis to a wide variety of customers in Europe, America and Africa.

Geoffrey, who studied Business (2006) and Law (2009) at the University of Bolton in the UK, and author of “E-Government Solutions for the Developing World”, “How to Simplify the Work of Governments in Developing Countries”, and “Combining Blockchain and AI to Grow the Global Digital Economy” is pushing AI-enabled Blockchain Solutions for government agencies, financial institutions, and real estate and marine authorities to help them become competitive in current and future markets.

Blockchain technology is already changing the way many segments operate, while its technology market is expected to grow from US$1.2B in 2018 to US$23.3B by 2023, an annual growth rate of 80.2%. Blockchain’s data structure, immutability and tamper detection, data protection, distributed ledger technology, relative user anonymity, the promise of ever-increasing IT spend, to name a few.

Blockchain technology allows users to participate in peer-to-peer transactions without involving central mediators, Financial Services and Insurance (BFSI) logically emerged as an early adopter. But many believe the true value of this revolutionary technology will be best felt across the developing world. From elections to international remittances, energy services to alternatives to banking, many issues could potentially be solved by a few principles inherent to blockchain: transparency and decentralization.

Domineum Blockchain Solutions was established to assist Governments and Companies integrate Blockchain into their operations. Headquartered at Level39, London, with an R&D unit in San Francisco, a technology resource centre in Tallinn, and a current operational base in Nigeria and Sierra Leone, Domineum aims to disrupt several sectors in the emerging markets and leapfrog the current infrastructure with blockchain technology.