Ibukun Awosika, former chairman of First Bank of Nigeria, has been appointed to Binance’s global board of advisers.
Binance, a cryptocurrency exchange platform, said this in a statement on Thursday in Paris, France. The deal, according to founder and CEO of Binance Changpeng Zhao, will contribute in determining the optimal future course for web3 cryptocurrencies.
“To help chart the best path forward for web3, crypto, our company, and our users, I have established the Binance Global Advisory Board (GAB),” he said.
“I and 11 other members are taking on a task that no one can do alone.”
Zhao added that the board will give the business advice on legal, governmental, and social issues.
Eleven eminent business figures from throughout the world make up the board.
Henrique de Campos Meirelles, a former Brazilian minister of economy; David Wright, a former secretary general of the International Organisation of Securities Commissions; Bruno Bézard, a former head of the French Treasury; Ibukun Awosika, among others.
The other African on the board is South Africa’s Leslie Maasdorp, a former vice-president and chief financial officer of the New Development Bank.
Max Baucus, a former chairman of the US senate finance committee and ambassador to China, will lead the board.
Awosika declared that she will carry out her responsibilities to aid the board in achieving its goals.
“The transparency and accountability with which Binance seeks to deliver services to its clients are impressive,” she said.
“As a company of the future, Binance must continue to evolve, build and find solutions in real-time.
“I am proud to play a role as a member of its Global Advisory Board; to be a part of truly transforming the web3 economy.”
Web3 (also known as Web 3.0) is an idea for a new iteration of the World Wide Web; it incorporates concepts such as decentralization, blockchain technologies, and token-based economics.