The Nigerian Communication Commission, NCC, has ran a 3-day innovation competition and exhibition with 3 tech startups selected as winners of the competition.
WiCrypt, a WiFi payment blockchain startup, came second in the competition and was awarded 2 million Naira (Approx. $5, 500) for emerging among the top 3 finalists.
Out of the 25 shortlisted innovations, here are the top 3 startups that won the competition:
Phaheem Pharmaceuticals Ltd
How WiCrypt Works
Wicrypt is an app that allows its users to get paid while sharing their Wi-Fi. The app leverages the blockchain and allows users to receive payments per megabyte of their wifi data consumed by a beneficiary.
Users can connect WiCrypt to a router and have several users connect and pay for using the Wi-Fi. A user has the freedom to set their own price per megabyte of data consumed.