COTI, a privacy-oriented Layer-2 (L2) blockchain, has announced the Africa Tokenization Council, an initiative to promote artificial intelligence (AI) and blockchain adoption across Africa and the Middle East, as per the announcements shared with Finbold on Wednesday, March 5.
With Africa featuring more prominently in the realm of digital economy, the council will work on bringing African officials in touch with global tokenization leaders in a series of symposia focused on regulatory frameworks, investment opportunities, and other aspects of the industry.
Africa Tokenization Council
As part of the growing efforts to reshape industry standards and modernize regulations in the region, the Africa Tokenization Council seeks to build the infrastructure necessary to attract international investment in Africa and the Middle East.
Picks for you
At the time of writing, the combined GDP of Africa and the broader MENA region exceeds $5 trillion, and both regions have made significant leaps in mobile technology, fintech, and crypto, all of which represent lucrative opportunities for real-world asset (RWA) tokenization and blockchain integration.
With direct involvement and backing by high-ranking government officials, several key investors, and leading blockchain experts, the Council is expected to further capitalize on this momentum.
Among the key figures joining the council is Dr. Mansour Almalik, a petroleum engineering Ph.D. holder from Texas A&M University with over two decades of experience.
Another important figure is Alaa Bishara, an entrepreneur and crypto investor with a background in real estate.
Both Almalik and Bishara will work alongside Shahaf Bar-Geffen, COTI Chief Executive Officer (CEO), and Joshua Maddox, Chief Ecosystems and Partnerships Officer.
AI and blockchain adoption
A leading Council member, COTI will play a central role in driving AI and blockchain adoption at the most foundational level with its Privacy on Demand compliance and data security model.
COTI likewise delivers scalable, high-speed privacy layers tailored specifically for AI and blockchain applications, while its permissioned privacy technology addresses key RWA tokenization concerns such as data security and regulatory compliance.
This approach is invaluable to the Council’s efforts, as institutions dealing with RWAs such as natural resources have traditionally been hesitant to adopt blockchain solutions due to safety concerns.
COTI addresses these concerns by ensuring only authorized bodies can access compliance data without compromising any information, which is the foundation of any solid tokenization campaign.
