Codeaku aims at raising awareness of a technology that has the potential to change the world.
Although blockchain has been THE hot topic in the last couple of years, many Egyptians still know nothing about this technology that is taking the world by storm. But that’s about to change; Egypt now has its first Blockchain school, Codeaku, established to raise awareness and more understanding around this bleak but revolutionary technology in money and trade, and to teach coding, according to Egypt Today.
“Codeaku is simply a coding school. We believe in the power of coding and this is why we have built our programs to serve non-techies before techies. We aim at empowering all skilled Egyptian youth not just to land a decent or high paying job but to build a better country and a better economy, cause only through technology can we do that,” Hassan Ali, the founder of Codeaku told Egypt Today.
Codeaku has been doing some big moves lately; the start-up got accepted at Y Combinator Startup School, among a few others in a pool of 15,000 applicants.
Y Combinator is a Silicon Valley-based accelerator that helps in funding new startups, and they’ve helped companies such as Airnbnb and Dropbox. Also, they’re currently in a series of meetings with IMB and WUZZUF to raise awareness on blockchain technology. If all that wasn’t enough, Codeaku is in the process of establishing Egypt’s first Blockchain Club at October 6 University.
Blockchain is extremely important as it’s revolutionising money and trade. It eliminates the need for a third-party to negotiate or moderate transactions, such as banks, so you can basically transfer money from an account to a friend’s without having to go through that third-party. According to the World Economic Forum, by 2025, 10% of global GDP will be stored in blockchain technology.
Main image from Egypt Innovate