The world is tilting towards renewable energy and ImpactPPA, a blockchain energy platform is offering such an option to a Somaliland hospital. The option is one of reducing the cost of using fuel so that the money can be used for patients treatments. ImpactPPA decided to launched a ‘50 by 50’ scheme in partnership with the Earth Day Network where hybrid solar and wind systems will be installed in Somaliland.
The first hybrid system will be set up at the Edna Adan Hospital Hargeisa, the hospital which was set up by the former foreign minister Edna Adan Ismail is a non-profit hospital. Electricity is a scarce commodity in health facilities in sub-Sahara healthcare facilities according to WHO. This alternative source of energy will cut down the cost of using fuel for the hospital and it was welcomed by Edna. She says, “The gift of clean energy will not only help us efficiently manage our operational costs but it will also greatly increase the available resources for the women who so desperately need our help.”
The Edna Adan Hospital Hargeisa began its operations as a maternity and has grown into a referral facility providing surgical, pediatric, medical, and obstetrical services. This was why it was chosen by ImpactPPA. The CEO of ImpactPPA Dan Bates explains their choice, “When we started talking about working with the Earth Day Network, we were looking for a project that would not only showcase the use of clean energy and the blockchain but one that would also offer access to energy and immediately benefit people’s lives. The Edna Adan Hospital became the perfect location for our first project together.”
Dan explained the energy supply, “The energy that we generate will power the hospital’s equipment and, subsequently, dramatically reduce the hospital’s electrical expenses which are greater than $0.50/KWh. The money saved will go directly back into the care and services that Edna and her team provide for these women in need.” More partnerships like this will lead to a better world.
What do you think of the integration of this blockchain base renewable energy technology to the Edna Adan Hospital? Let us know your opinion in the comments section below.
Images courtesy of ednahospitalfoundation.org, ImpactPPA
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.
Binance To Launch Open Blockchain Project Venus To Develop Stablecoins Pegged to Local Currencies
Binance announces plans to initiate an open blockchain project. The project named ‘Venus’ is a initiative to develop stablecoins pegged to fiat currencies of nations.
Opening the new week, Binance announces plans to initiate an open blockchain project. The project named ‘Venus’ is a initiative to develop stablecoins pegged to fiat currencies of nations. This was announced in a blog post made by the exchange. The initiate will see to the creation of hundreds of stablecoins pegged to the local currencies.
In order to successfully execute the vision of project Venus, the firm stated that they will need new alliances and partnerships with governments, corporations, technology companies and other cryptocurrency companies and projects developing ground breaking solutions for the blockchain and cryptocurrency industry.
According to the Binance, Project Venus will utilize the public chain of Binance – BinanceChain for secure operations of the stablecoins that will be created. The Binance Chain was released early this year and has currently in itself several blockchain projects including two stablecoins which are the BTC pegged stablecoin BTCB and the Binance BGBP Stablecoin.
Binance had earlier in recent weeks completed the audit of its British Pound backed Stablecoin BGBP. The audit was carried out by an audit firm CertiK. At current the BGBP is listed on Binance against a couple of trading pairs.
Promoting the accelerated development and actualization of the initiative, Binance has revealed it will provide full technical support, compliance risk control system and multi-dimensional cooperation network that are needed to build Venus while leveraging existing infrastructure and regulatory establishments.
Calling for partners, Binance encourages like-minded people and organizations to contact it and discuss the “infinite possibilities of the digital world together”.
Launched over two years ago, Binance continues to be innovative, resilient and despite various challenges such as hacks, leaks etc, the top cryptocurrency exchange continues to forge on with greater intensity.
Cardano to Release Version 1.6 of Its Software Product In A Few Days – Charles Hoskinson
We are shipping the version 1.6 update over the next few days tweeted CEO of Cardano Charles Hoskinson. In the tweet, Charles also requested for some “screenshots” of the new Daedalus and users’ comments on the product whether they like it or not.
Praising the team Cardano team, the Charles Hoskinson said lot of work went into this release and he is extremely proud of the team.
Daedalus is an extensive open source cryptocurrency and highly secure wallet for the Ada cryptocurrency.
It is built with web technologies and features unlimited accounting with advanced security.
We are shipping the 1.6 Cardano update over the next few days. Send me some screenshots of the new Daedalus and let me know if you like it. A lot of great work went into this release and I'm extremely proud of the team
— Charles Hoskinson (@IOHK_Charles) August 13, 2019
Charles formerly was worked in Ethereum as a Co-founder is moved to Cardano where he is building ground breaking innovations using blockchain technology.
Cardano according to the IOHK website is a blockchian platform with more advanced features that any protocol yet developed, and the first to evolve out of a scientific philosophy.
Launched in 2017, Cardano is a product of IOHK created using the Haskell code, a technology firm committed to using peer-to-peer innovations to provide financial services to billions of unbanked individuals all over the world.
It prides itself as a decentralized company that loves innovative teams forming and executing ideas that cause “cascading disruption“.
Cardano’s protocol is designed towards protecting privacy rights of users, while also taking into account the needs of regulators. It is the a blockchain platform with more advanced features than any protocol yet developed by a large team of experts engineers and researchers from various field.
Did the Binance Breach Really Occur, And Who is to Blame if it Did?
On August 7, Binance is the world largest cryptocurrency exchange as at today (based on its 24hrs trade volume), was reported to have been hacked. This was said to have occurred when an unscrupulous person had gained access to a massive chunk of the Exchangers Know Your Customer (KYC) data. The hacker was reported to have demanded 300 Bitcoins (which is worth approximately $3.5 million as at the time of this report) after gaining access to about 10,000 personal photos from the Exchanger’s website, threatening to release all the data at his disposal.
It is noteworthy to state that the perpetrator of this hack had set up a couple of dedicated telegram groups where he was said to have allegedly released these sensitive materials. Although the group has since shut down permanently, the Exchanger had taken drastic measures to nail any further moves by other miscreants. However, seeing that there were no digital watermarks, there are no doubts regarding the authenticity of this material. The Binance security team had a follow up with an official statement:
“At the present time, no evidence has been supplied that indicates any KYC images have been obtained from Binance, as these images do not contain the digital watermark imprinted by our system.”
The CEO of Binance sent out a tweet:
yes, old news, different spin. https://t.co/2B1WdOxqdc
— CZ Binance (@cz_binance) August 7, 2019
The cryptocurrency Exchanger had claimed that all the images that have been released so far could be dated back to February and that this stunt was simply old news with a new spin, a time when the Exchanger was still making use of third party service to be able to provide KYC services. The Exchange had also tried to get the supposed perpetrator to disclose how he gained access to pull off the breach or give any irrefutable evidence to his claims, instead, he simply continued to demand 300BTC which further leads us to believe that this might have just been a bluff
Surveyors Make a Move For the Integration of Blockchain Technology in Real Estates
Professionals in the real estate sector, have begun to make moves to implement the application of the blockchain technology to advance transparency and speed of transaction between clients and practitioners in the field.
According to them, the implementation of this technology would go a long way in enhancing transparency, low level of liquidity in the sector, amongst other benefits.
The blockchain technology also referred to as the decentralised ledger technology (DLT), is characterized by a time-stamped series of an immutable record of data that is managed by so many computers around the world not owned by any single entity. Cryptographic principles are being used to enable the security of each block and data in the system.
Speaking at its Royal Institution of Chartered Surveyors (RICS) Nigeria Group, in their second continuous professional development series titled, ‘Blockchain: The brick & mortar of its growth in today’s world’, the Managing Partner, Blockchain Asset Management, Deji Soetan clearly stated that the blockchain technology being a disruptive technology gradually gaining ground in today’s world presents the real estate sector with limitless possibilities in the real estate sector.
According to a news report by The Guardian, he also made reference to other aspects of the technology, such as smart contracts which could eliminate the cases of frauding of property owners. He said that the technology has created the possibility of linking digital ownership of documents, properties and contracts to the blockchain, laying emphasis on the fact that when all of these have been linked to the blockchain there is no chance of any form of alteration.
Soetan also made mention of the fact that this technology would soon gain notoriety even in the least expected industries. He further explained that transactions on the system are verifiable as every who including those who are part of the network and those who are not can have access to the open ledger and that every transaction can be traced right back to its origin.
“Within the context of payments, introduction of smart contracts into blockchain real estate ledgers and transactions have clear potential in streamlining various real estates processes, such as releasing apartment ownership, or rental documents upon completion of a crypto-currency transfer. One important area where it would be used is in the speed of transaction because nowadays, the process is still slow, making it be so archaic and needs to be modernised”, he said.
Interviews2 days ago
Walchat: A Blockchain Powered Instant Messenger Aiming to Take the Instant Messaging Market in Africa
Blockchain News4 days ago
Binance To Launch Open Blockchain Project Venus To Develop Stablecoins Pegged to Local Currencies
Bitcoin News5 days ago
Renowned Basketball Team Owner says that he Sees Bitcoin and Gold as the same.
Regulation News2 days ago
We Will Regulate Cryptocurrencies Using Electronic Financial Transactions Framework -Mike Pompeo