National Association of Securities Dealers (NASD) Plc has entered into a partnership with Blockstation Inc., Sophus Consulting, and blockchain technology company TK Tech Africa Limited to release a certification program.
NASD is an Over-the-Counter securities exchange for the trading of unlisted securities and is collaborating on an accredited certification program for financial professionals.
In an official statement, NASD Plc stated that all stakeholders, including NASD staff, depository corporations, broker-dealers, and security issuers, will be targeted by a future certification project and fully online training offered by Blockstation. It was also noted that certification is necessary for licensed financial institutions to deal in blockchain-based digital assets.
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NASD Plc And Blockchain Certification Program
NASD Plc explained that the certification program is undergoing final adjustments before being made available to all market participants early in the coming year.
Eguarekhide Longe, the Managing Director and CEO of NASD, said this about the partnership: “We will make sure that our professionals in the securities industry get the regulatory knowledge and hands-on technological experience they need to drive a safe and legal digital asset marketplace in Nigeria.”
On Blockstation’s part, the Chief Executive Officer, Jai Waterman, said the crypto company “was instrumental in our efforts to develop the new digital market rules; they are the natural fit to deliver these essential training materials”, “We believe deeply that education is mission critical for professionals planning to participate in the digital asset space.”
The CEO added that “blockchain transformation in the traditional market is approaching with speed and great fervor.” “We must place emphasis on education in order to empower existing key stakeholders and support the growth of SMEs.”
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About Blockchain
Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.
A blockchain is a network of computers that share a digital ledger of transactions. This ledger is copied and sent to all of the computers on the network. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The decentralized database managed by multiple participants is known as distributed ledger technology (DLT).
Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic signature called a hash.