Connect with us

adoption

Imports and Exports Trade Gets Blockchain Solution

Published

on

Abu-dhabi

It’s no news that the government of Abu Dhabi has reiterated several times of moving all existing government operations to the blockchain from 2022. The latest news coming out of the Arabian country is the trading sector, as it has begun the use of blockchain to conduct its transactions.

Maqta Gateway has developed and implemented its own blockchain solution for international logistics and trade. ConstructionMaqta Gateway which is a wholly owned subsidiary of maritime industry developer Abu Dhabi Ports. This feat would be the first of its kinds as it transcends to a paperless real-time tracking which in turn would save time, efforts and paperwork.

Developed by the Digital Innovation Lab of Maqta Gateway, the blockchain was field tested with strategic customers of Abu Dhabi Ports prior to launch and will see a commercial rollout to freight forwarders and their customers initially.

The platform is designed to safely encrypt and secure all documents essential for documentation of cargo. After the technology has been tested, it will then be offered to the rest of the trade community as a ‘complementary tool’ alongside the current Maqta’s Port Community System, a move that will fast-track adoption.

[B]lockchain is a key step in the digitalization of trade,” said Dr. Noura Al Dhaheri, CEO of Maqta Gateway, adding:

The blockchain solution was developed to bridge the gap between exporters and importers in an industry that is notoriously averse to digitization and change by reducing the need for manual paperwork, communication and physical visits with faster, real-time information exchanges over a decentralized ledger.
Through Silsal, we will be offering the trade community secure and integrated access to blockchain technology, with the added value of cost and time savings through real-time track and trace, reduction in paperwork and ease in extracting vital information to receive live updates.

 

 

Would the Import and export trade sector  be able to depend on the blockchain for its cargo transportation? Share your opinion with us in the comment section below.
Image credit: Pixabay

 

Disclaimer:
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.

Spread the news
Continue Reading
Advertisement
Comments

adoption

Survey: 40% Freelancers Receive Payments via Cryptocurrency.

Published

on

Freelancing has become so popular now as people can easily ditch the routine 9-5 hour schedule of the traditional workplace. However, a recent survey conducted by Humans.net has revealed that cryptocurrency is becoming appealing to freelancers. The survey was carried out on 1100 freelancers and revealed that cryptocurrency eliminates the need for a middleman for payments especially for those with international clients.

According to the survey, about 38% of the population surveyed admitted to having used cryptocurrency at a time. On the other hand, 41% had never made use of cryptocurrency while 24% had no idea what cryptocurrency was as they had never heard of it. For most freelancers, the appeal of cryptocurrency is the fact that it aids in faster payment with low cost for international transactions.

The Humans.net survey also found that 29% of freelancers preferred to get crypto payments to being paid through the traditional banking system. 18% of those surveyed revealed that they would prefer to receive their entire income through crypto payments, while 11% said that they would prefer to receive a part of their income in cryptocurrency.

Freelancers find cryptocurrency to be of an advantage to them, it enables them to transact with clients who they may not know or trust. The survey revealed that 13% found it to be an advantage for international payment, 12% considered it a bonus for eliminating middlemen, 8% liked its low commission status. Also, 9% of those surveyed found it advantageous in its transparency, while 11% chose all the qualities mentioned and 4% did not choose any of the qualities.

However, Founder and CEO of Humans.net, Vlad Dobrynin has revealed that they will be integrating the blockchain technology to their freelancing platform. He explained that the technology will help people get faster search result regardless of their geographical location as well as protect users data.


 

 

 

What do you think about freelancers receiving cryptocurrency as payment for their services? Share your opinion with us in the comment section below.

 

Image credit: Pixabay

 

 

Disclaimer:
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.

 

Spread the news
Continue Reading

adoption

Paxful’s #BuiltWithBitcoin Project Builds a  Second School in Rwanda

Published

on

Cryptocurrency has given charity a new shape. Paxful, one of the world’s largest peer-to-peer (P2P) bitcoin marketplaces has announced that the second school on its #BuiltWithBitcoin project in Rwanda has now been completed. The initiative was able to raise over a $100,000 through donations in BTC, ETH, BCH, DASH and LTC to fund the construction of the first primary school in the area.

Paxful was able to achieve this feat in partnership with ZamZam  charity. Yusuf A. Nessary the president of ZamZam explained, “Having proper education centers is fundamental in moving countries like Rwanda forward, while also increasing their standard of living…We are beyond thrilled to have partnered with Paxful in order to provide education for (the) next generation and beyond.”

The initiative will also employ six full-time teachers to carter to the educational needs of the children between the ages of 6 to 15. The school is located in the Bugesera District and the structure contains six classrooms, bathroom stalls, a cafeteria, a water well system that would hold 35,000-liter and solar panels.

Paxful launched the #BuiltWithBitcoin initiative last year and started by donating $50,000 in bitcoin which was used to build the program’s first nursery school in Rwanda. Paxful has also granted scholarships to some female Afghan refugees in the United States and plans to build 100 schools across Africa. The address donations can be made to is 3Q5CESP85hhXTLSy2HDbSyNchb5Bi8D7ku and Paxful aims to transform the lives of the people of Rwanda through cryptocurrency.

 

What do you think about the #BuiltWithBitcoin initiative? Share your opinion with us in the comment section below.
Image credit: Pixabay
Disclaimer:
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.

 

Spread the news
Continue Reading

adoption

Jumia Partners with Blockchain Based Company to Provide Better Service

Published

on

The face of e-commerce in Africa is about to experience a dramatic change. All thanks to a collaboration between Japan-based blockchain telecoms platform provider, Telcoin and top online e-commerce marketplace, Jumia. The partnership was born out of a need to increase the quantity and quality of goods and services purchased on Jumia’s platform. The e-commerce company with a presence in over 15 African countries is seeking to tap into the blockchain technology to deliver efficient services to customers.

The duo will be kick-starting with a  partnership that will commence in Nigeria. The West African country seems to be a hub for e-commerce and the partnership will help Jumia add value to its cross-border transactions. Ms Lee-Ann Cassie, the Head of Africa for Telcoin explained that the firm would be working to increase the sales traffic and transactions from Nigerians in the Diaspora as well as increasing and adding value to e-commerce transactions within the country.

Telcoin is focused on creating a mobile cryptocurrency solution that would connect with global mobile networks and enable the ease of converting cash on mobile money, prepaid credit, and post-paid billing platforms. Telcoin aims to utilise existing mobile network providers, to give people access to needed financial services that include e-commerce, online remittances and payments.

The Chief Executive Officer for Jumia Nigeria, Mrs Juliet Anammah explained the partnership saying: “We’re excited, to say the least, about our partnership with Telcoin, because we believe this will have a huge impact on our commitment to improving the lives of Africans through the internet, helping them to save time and money. She also explained that the firm aims to provide services to Nigerians in the Diaspora who want to convert their digital currency to shopping vouchers on their platform.  She added, “We rely on and trust Telcoin to facilitate the currency conversion since digital currency is, in the interim, not a payment method on Jumia.”

 

What do you think about this marriage between blockchain and e-commerce? Share your opinion with us in the comment section below.
Image credit: Pixabay

Disclaimer:
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.

Spread the news
Continue Reading

adoption

Nigeria’s Presidential Aspiriant Eyes blockchain Technology Ahead of 2019 Elections

Published

on

Nigeria is yet to have policies governing the blockchain technology. Although law makers met early in the year to contemplate on the blockchain, policies are yet to be made. However, the Presidential Candidate Of The Peoples Democratic Party (PDP), Atiku Abubakar unveiled his campaign policy document on Sunday. He revealed his Plans to create policies that would embrace the Blockchain and cryptocurrency if he is elected President in 2019.

Atiku’scampaign policy document tagged ‘Get Nigeria Working Again’ was released by his Presidential Campaign Organization. Atiku, who is a former Vice President of Nigeria identifies the need for the creation of  “a Comprehensive Policy On Blockchain Technology And Cryptocurrencies.” Although Nigeria is one of the top users of cryptocurrencies in Africa, with the west African country ranking 7th out of 178 countries likely to adopt Bitcoin by the Bitcoin Market Potential Index (BMPI) by the London School of Economics. However, it’s lawmakers are yet to decide what to do with the technology.

2019 presidential aspirant, Atiku reveals through his policy document that he aims to bring more to the economy through the blockchain. He revealed that to build the economy, he would build a  knowledge-based economy powered By ICT. He stated, “My mission is to ensure that Nigeria’s economy is responsive to
the challenges of the 21st century
knowledge economy by keeping with
the amazingly dynamic technological pace.” He believes that if ICT literacy is encouraged from Early school programmes up to adult education, Nigerian youths can awaken their entrepreneurial spirit.

Cryptoprenuers in Nigeria are constantly frustrated by the lack of regulatory frameworks. Also the Central Bank of Nigeria (CBN) and its stringent policy has lead to cryptoprenuers seeking a more favourable frameworks. Despite the warnings of the CBN about investing in cryptocurrency in March, Nigerians are still investing in digital currencies. Atiku’s policy document reveals that there are plans to integrate the blockchain technology to the Nigerian economy. Hopefully, more Nigerian and African politicians will begin to make plans towards a blockchain oriented future.

 

 

 

 

 

What do you think about Atiku Abubakar’s plans for the blockchain sector? Share your opinion with us in the comment section below.
 
Disclaimer:
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.

 

Spread the news
Continue Reading
Advertisement
Advertisement

Find Us

Address: 7 Kafi Street, Beside City Mall, Shoprite, Alausa, Ikeja, Lagos.

Hours: Monday—Friday: 9:00am–5:00pm

Contact: +234 817 866 6900

Advertisement
Advertisement

Trending