In Nigeria, the rapid growth of digital banking and Internet of Things payment interfaces has coincided with escalating threats of cyber theft, insider abuse, and weak authentication.
The shared blockchain ledger records only cryptographic transaction references, pseudonymous public identifiers, and SHA-256 integrity hashes.
Thus, Proof of Authority proved most practical for Nigeria’s digital banking context.
Subject of Research: Blockchain and Internet of Things security framework for digital banking in Nigeria Article Title: A blockchain IoT framework for secure digital banking in Nigeria with simulation and consensus mechanism evaluation Article References: Ibrahim, M. Y., Musa, K. I., Ahmad, A., & Tella, M. (2026).
A blockchain IoT framework for secure digital banking in Nigeria with simulation and consensus mechanism evaluation.