Yetunde Ayobami Ojo/Guardian newspaper
Team Audify from the Federal University of Technology, Akure (FUTA) has emerged winner of the 2019 Blockchain Hackathon competition among students of Nigerian Universities held at the auditorium of Nile University, Abuja.
The participating teams proffered blockchain-based solution to a pressing societal problem.
Team Audify comprised Alabi Taiwo and Adebayo Oluwatosin of the department of cybersecurity, Fabusuyi Ayodeji of Computer Science and Akinnusotu Temitayo of information technology department came up with a digital solution built on “Ethereum Blockchain to provide a secured, efficient, cheaper and faster automated financial auditing system. This system is designed to curb sharp/corrupt practices in financial auditing. Blockchain is an IT solution that thrives on the fidelity and credibility of its process and it is increasingly being deployed in ICT accounting and auditing solution.
The panel of judges that announced the result of the competition comprised the Director-General of the National Information Technology Development Agency (NITDA), the President of the Cryptography Development Initiative of Nigeria (CDIN), the Chairman of the Blockchain Industry Association of Nigeria (BIAN) and top executives from Jellurida Africa, Oracle Nigeria and IBM Nigeria.
The President of CDIN, Mr. Adeolu Fadele announced the final result on behalf of the judges with FUTA coming top, Covenant University, Ota, emerged second while Ahmadu Bello University, Zaria, emerged third.
Team Audify got a trophy, plaque for coming first while FUTA will enjoy technical support from the organisers as a result of the victory of its students in the competition.
The team attended the competition with Omole-Adebomi Steve and Uzoatu Bryan of cybersecurity and Adegbesan Gideon of Computer Science as campus blockchain community student coordinators and Mr. Oluyomi. Akinyokun of cybersecurity department as the coordinating staff.
Dr Adenike Thompson, Acting head of the department of cybersecurity is the technical adviser to the team.
The vice-chancellor, Prof Joseph Fuwape commended the effort of the students in making the university proud.
He appreciated the Dean, School of Computing, Prof Sunday Adewale, heads of the participating departments, staff and students of the new school for not relenting in uplifting the university.
With the cutting-edge research and scholarship in ICT going on in the institution, Prof Afuwape said hope is rising for the nation to further tackle crime through effective use of cybersecurity and information technology.