Present at the just concluded Abuja Blockchain and Digital Assets Conference is Cynotrust, an international remittance system that is gaining global relevance in the blockchain space.
Cynotrust intelligent Systems is a re-defining the power sector through the use of Blockchain Technology. Cynotrust Intelligent Systems Limited (“Cynotrust”) is a Blockchain and Distributed Ledger Technology Company leading the innovation in the African technology revolution.
Cynotrust developed a platform called Mocrow. It is a trustless, transparent and interoperable platform that fully supports Financial Services, Account-to-Account International Remittances, Borderless P2P payments (using fiat and/or digital assets) and a growing range of service-based applications for numerous sectors with an initial focus on Energy markets and subsequently expanding to Aviation, Oil & Gas, Identity Management, Asset Registry and Healthcare just to mention a few.
They are registered in Nigeria, with offices in the United Kingdom and Dubai, United Arab Emirates, with plans to expand operations in strategic hubs across the globe.
Who is Abubakar Umar?
Co-founder & CEO, Cynotrust Intelligent Systems. Abubakar Umar has over 17 years working experience in Information Technology, with an extensive knowledge of managing the delivery of business critical IT Solutions for large organisations using latest technology tools. He has gained cutting edge experience from his time in Financial Markets IT in London working on technology projects for Tier 1 investment banking products, designing and developing Enterprise Applications using .NET Framework.
Abubakar pioneered the deployment of Cloud Technology within the Power Sector in Nigeria post-privatization and led the way for value added services in mobile app and software services integration for payments and Business Intelligence processes for the power distribution arm of the power sector value chain. A graduate of Computer Science from the University of East London (UEL), Abubakar holds an MBA in Leadership & Sustainability from Cumbria University, as well as technology course certificates in Applied Blockchain from the Massachusetts Institute of Technology (MIT) and Senior Executive Program from London Business School (LBS).
The objective of the MOCROW (MCW) is to introduce a new form of distributed private digital utility token that will aid in payment validation and eliminate the collection losses and fraud for energy payments. Given the national currency situation, Naira’s (=N=) inflation and difficulty gaining access to global markets, MCW is envisioned as a local private utility token which is demanded by more than just the energy consumers of the electricity distribution company.
Mocrow [MCW] is a token based on Ethereum blockchain. According to website, the objective of the MOCROW (MCW) is to introduce a new form of distributed private digital utility token that will aid in payment validation and eliminate the collection losses and fraud for energy payments. MCW is envisioned as a local private utility token which is demanded by more than just energy consumers.