Sterling Bank has partnered with the School of Politics, Policy, and Governance to address the gap in the verification of credentials through the adoption of blockchain technology.
This was disclosed in a statement issued by the bank on Tuesday revealing that the collaboration marked a milestone in enhancing the efficiency, security, and accessibility of academic credentials in Nigeria.
The bank said that the partnership involved support for the implementation of a blockchain-based digital certification programme delivered by VX Technologies.
“We are thrilled to partner with VX Technologies and SPPG to introduce this game-changing initiative. We believe in the power of innovation to drive progress and transform lives at Sterling Bank. By supporting the adoption of blockchain technology in education, we are not only revolutionising credential verification but also advancing our H.E.A.R.T strategy for Education, which prioritises Access and Equity,” said the Chief Growth Officer of Sterling Bank, Obinna Ukachukwu.
According to the bank, by leveraging blockchain technology, graduates from SPPG will now have access to secure, tamper-proof digital certificates, ensuring the integrity and authenticity of their academic achievements.
SPPG is an unconventional school designed to attract, develop and produce a new generation of political leaders.
Speaking on the role of the bank in the programme, the Director of Operations, VX Technologies, Ryan Hawkos, said, “We are pleased to acknowledge the impactful generosity of Sterling Bank, who has provided the funding necessary for the initial phase of this project. This support ensures that thousands of SPPG alumni can access their digital certificates, with the first one thousand certificates being provided at no cost.”
According to the Chief Executive Officer of SPPG, Alero Ayida-Otobo, Sterling Bank has demonstrated its commitment to quality and positive educational experiences for people through this initiative.
“We are one of the first institutions in Nigeria to embrace blockchain for academic credential management, and we look forward to a near future where this is the norm across Nigeria,” Ayida-Otobo added.
Sterling Bank has often highlighted its investments in five sectors of the economy represented in its HEART strategy, representing Health, Education, Agriculture, Renewable Energy and Transportation.
Olaitan Ibrahim