Obi Emetarom, CEO of Zone, proposes adopting regulated blockchain technology to address inefficiencies and enhance security in Nigeria’s financial services sector, aiming to revolutionize transaction processes while ensuring regulatory compliance.
Obi Emetarom the CEO and Co-Founder of Zone presents his case in the whitepaper “Regulated Blockchain: Infrastructure for Regulated DeFi, Foundation for a Golden Age in Finance” which supports blockchain regulation to handle financial sector problems in Nigeria.
The sector faces growth limitations because Emetarom identifies four main barriers including regulatory ambiguity and operational inefficiencies in international transactions together with security vulnerabilities and expensive services.
A blockchain regulatory framework achieves optimal results by making use of blockchain system benefits including speed and security with additional regulatory controls for maintaining trust and compliance.
Under the leadership of Emetarom Zone has shown how their approach delivers actual benefits.
During the period from November 2022 through December 2024 the blockchain network of Zone handled more than ₦1 trillion worth of transactions that generated 100 million transactions with each averaging ₦10,000.
Automated teller machine (ATM) transactions stood as a major breakthrough for blockchain-enabled payments within Nigeria as they comprised a significant portion of the processed transactions.
Zone has formed multiple strategic alliances which help improve the payment infrastructure capabilities.
Zone works jointly with NIBSS to implement blockchain technology for enhancing POS payment efficiency.
The collaboration intends to enable swift transaction passage with absolute transparency.
Emetarom proactively supports blockchain regulation because it enables financial institutions together with fintech firms and payment providers to use blockchain technology while operating in compliance guidelines.
The integration promises faster secure and cost-efficient financial services that will build a strengthened inclusive financial environment in Nigeria.
The strategic combination of technological innovation and regulatory compliance guides Emetarom toward a financial sector future.
