Uganda Communications Commission boss Eng. Godfrey Mutabazi has Thursday urged private sector to embrace the new forth revolution technology known as Block chain.
Mutabazi said that instead of looking up to Government to initiate and manage every developmental project, the private sector should chip in to manage most of these technologies, the latest being Block chain.
While addressing Journalists at the welcome ceremony for the first team of cryptographers for block chain technology, that the commission funded to go to Ethiopia for a three months training, Mutabazi applauded cryto Savannah for embracing such a promising technology.
“I thank these ladies for having successfully completed their training in Addis Ababa. As UCC, we congratulate you upon that achievement. I also thank Crypto Savannah for coming up with this idea.
I therefore, call upon individuals to embrace and take up this new/forth revolution. Such technologies should be owned and managed by private organizations or individuals, don’t let every technology oriented project be headlined by Government, rather its government’s duty to help in where necessary and may be collect taxes from such technologies or companies,” said Eng. Mutabazi.
Speaking at the same event CEO Crypto Savannah, Noah explained that Block chain technology will ease work and ensure transparency mostly in the banking, land tittle and education systems among others.
“Block chain, improves and makes cheaper the way money moves from bank to bank not only in Uganda but across the World, in other words remittances even becoming cheaper.
In our local context here, we can think about block chain as a solution to our land tittle problem. Block chain prevents fraud and once something is on bloc chain, cannot be altered or defrauded, so it can really bring value as long as our land tittles are concerned.”
The team that was sent for Block chain training in Ethiopia comprises of four ladies; Daizy Obura, Elizabeth Ahumuza, Lillian Namusisi and Sandra Alinaitwe.