Aeryus expands to Nigeria with tech accelerator

This week, the blockchain services company Aeryus, Inc., will join FSI, a tech incubator based in Lagos, Nigeria, to spur innovation in the African fintech industry.

Aeryus will provide APIs (Application Programming Interfaces) to FSI’s tech sandbox created by the Florida-based firm. Its APIs can operate across a spectrum of financial services in areas of creating heightened security, more transparency, and increased personal responsibility in managing account information and data.

Aeryus will also assist FSI in its aim to stimulate education around blockchain technology and its opportunities. Those benefits include delivering insights on urban administration, streamlining supply chain management, creating locked but sharable personal health data, securing land and title registration, and building reliable smart contracts, as well as promising fewer middle men, time saving, and lower costs.

FSI’s leadership

FSI’s stated goal is to make Nigeria a global leader in innovative technology-driven financial services in the burgeoning digital economy. In association with the Central Bank of Nigeria (CBN), The Nigeria Inter Bank Settlement System (NIBSS), Enhancing Financial Innovation and Access (EFinA), and other organizations, FSI’s sandbox is a place where tech innovators, business leaders, developers, and banking professionals can test ideas and advancements in the industry, without the traditional delay of receiving licenses.

Because of the way FSI encourages broad membership in the organization, developers get exposure to feedback and usage data from other members who may have helpful suggestions. The platform also promotes collaboration among its members in the financial services system that could lead to growth. As much as anything else, FSI encourages the industry to adopt a level platform to allow new players entry into the financial services field.

A safe place for testing

FSI’s tech sandbox is walled-off from the financial infrastructure so that contributions can be tested and refined without jeopardizing safety and security.

The organization also sponsors seminars, workshops, chats with regulators, and hackathons for its members in addition to providing outreach to campuses.

The Aeryus blockchain course “One Million African Blockchain Believers” launched in late autumn in Ghana and has already trained nearly a thousand students in opportunities introduced by blockchain technology. The company is adapting the course for webinar use, as well as developing a more advanced curriculum for students eager to move ahead in the field. With its membership in FSI, Aeryus will be able to expose the organization’s members to its expertise and use of its APIs.

Educating future leaders in blockchain is among the goals at Aeryus, which is also building products for online shopping, personal transactions, supply chain management, and medical testing. The company has focused on bringing blockchain tools to micro, small and medium-sized businesses that are often ignored by tech firms favoring massive corporate clients.

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