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Is Nigeria Preparing for A Blockchain Based Election?

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Kaduna state sets a pace for other states in Nigeria to follow when it conducted its local government councils elections electronically. The election which was conducted on Saturday, May 12, 2018, made Kaduna state the second in Africa to use electronic voting, after Namibia. The question now is if Nigeria is prepping for the adoption of the blockchain technology?

voters card

From Ballot Box to E-voting

For decades, elections have been conducted manually in Nigeria with voters having to walk long distances most often to get to their polling units. When voters arrive at their polling units, they have to go through the process of accreditation, before voting for their preferred candidates with the use of ballot papers. After the election, the Independent National Electoral Commission (INEC) has to collate the votes from different centers count them (which might take days) before announcing the winner. This process takes a long time and most often, the ballot box gets stolen, INEC officials get attacked and voters are kept in harm’s way or bribed. But, voters didn’t find ballot papers at the Kaduna election, instead, they found an electronic voting machine displaying the logos of the political parties participating in the election.

El-Rufia Governor of Kaduna state

The Governor of Kaduna state Nasir El-Rufai explained that the reason the Government opted for electronic voting was to promote transparency and electoral integrity. This is one aspect the blockchain can fix in the system of Nigeria’s election as the governor acknowledges that democracy benefits when election results reflect the actual choices made by voters. The chairman of the Kaduna State Independent Electoral Commission (SIECOM), Dr. Saratu Binta Dikko-Audu acknowledged that the electronic voting machines which were procured will guarantee the voting integrity.

The Future is Here

The provision for electronic voting is backed by the Kaduna State Independent Election Commission Law No.2 of 2018. The blockchain community in Nigeria anticipates a law that will back the blockchain technology in different sectors in Nigeria. This will aid transparency in electoral processes in Nigeria, end duplication of votes, save costs, reduce election violence, save time and end bribery and corruption since the election will be stored on the distributed ledger technology. It is exciting to see the West Africa nation taking a forward step towards technological developments in its electoral process. The blockchain technology will be great for the nations upcoming presidential election as its citizens are losing trust in its electoral processes. But the question to be asked is if Nigeria is getting ready to adopt the blockchain?

 

 

 

What do you think about Nigeria adopting the blockchain technology? Share your opinion with us in the comments section below.
Image source: premiumtimesng,omojuwa,von.gov.ng

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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.

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POST OAK MOTOR CARS NOW ACCEPT BITCOIN AS PAYMENT FOR THEIR LUXURY CARS

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Are you hoping to be among the first crypto Hodlers to get a luxury ride with direct payment in cryptocurrency? If yes, then wait no further as more adoption, even in the automobile sectors of the gobal economy unfolds.
Tilman Fertitta, would be the first business man to sell off exotic cars like Bugatti, Bentley and Rolls-Royce using Bitcoin- the world first ever cryptocurrency.
Precisely on the 5th day of September 2018, the Hospitality business giant made the announcement via an official press release that it is be possible to purchase luxurious and classy carriages without prior regards buyers’ location worldwide with the use of Bitcoin and through a bitcoin payment processor called BitPay.
When asked about the move, Tilman, owner of Post Oak Motors had this to say “The rising of bitcoin sparked my interest. Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world purchase our vehicles faster and easier.

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Crypto Education in Nigeria Takes a New Route

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Adoption is the buzzword in crypto communities and the best way to drive adoption is through education. A lot of persons have heard about cryptocurrency however, they have a limited knowledge of what digital currencies are and what they entail. This has led forward thinking crypto enthusiast to creating a week long blockchain and cryptocurrency workshop geared towards educating coworkers at Workstation as well as the general public about the technology they are so curious about.

The program is organized by Cryset who in collaboration with Yellow card. The event is schedule to hold for 6 days and begins on Monday, September 10 – Saturday, September 15 2018 at Workstation, 7, Ibiyinka Olorunbe , Victoria Island Lagos.  The aim of the organizers of the event is to create a classroom environment where teachings/learning of blockchain and cryptocurrency will take place. The organizers are working with the largest Co working space in Nigeria with a community of over a 300 people comprising entrepreneurs, companies, developer, and millennials.

Although the cryptocurrency market is currently down, this has not deterred crypto enthusiast who believe in creating real world use case for cryptocurrencies as well as driving adoption. The event will be given an ambience of a classroom with 25 students per class. This is to help the attendees learn in a learning friendly environment as well as ask questions and develop practical solutions to what they have learnt. The tutors for this event include high profile thought leaders, entrepreneurs and educators in the Nigerian Blockchain and Cryptocurrency space.

The workshop will be making access to a lot of cryptocurrency tools and information easier. The curriculum includes what is blockchain, Understanding Bitcoin and cryptocurrencies, Introduction to Cryptocurrency trading, How to Integrate Blockchain into your business (Blockchain for Enterprises), Investment opportunities in the Blockchain space, Blockchain architecture, smart contracts and dApp development. The classes are designed in such a way that they target those without a basic knowledge in cryptocurrencies to those interested in investment as well as developers.

This is the first of its kind in the crypto space and it would be an exciting time for all those seeking knowledge in cryptocurrency and blockchain.

 



 

 

What do you think about these classes? Share your opinion with us in the comment section below.
Image credit: cryset

 

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.

 

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Is it Time to Introduce the Blockchain Technologies to African Schools?

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Africa always seems to be laidback when it come to adoption of new technologies. However the continent has seen an amazing increase in the number of blockchain solutions since 2017. Most of these solutions are geared towards solving one or more of the numerous challenges facing the continent. Equally, there has been a rise in tech solutions that aren’t necessarily built on the blockchain technology. However most of these solutions are built by adults. But some teenage girls changed the narrative with a mobile application.

On the 10th of August 2018, 5 Nigerian teenage girls won the top position at the 2018 Technovation World Pitch Summit. The  girls had won the Junior Division Finalists (App focus) category with their app named,  FD-Detector. The girls who were from Regina Pacis Model Secondary School, Onitsha, Anambra, Nigeria had developed the application, ‘FD-Detector’ to tackle the problem of fake pharmaceutical products in Nigeria.

The all girl team was code named Save-A Soul and comprises of Jessica Osita, Promise Nnalue, Nwabuaku Ossai, Adaeze Onuigbo and Vivian Okoye. These girls are an indication that African children are aware of the problems facing their society and need to be prepared technologically to face these problems head on as well as be on the same technological level with their peers in other continent.

Already some schools in the U.S. are already introducing the blockchain technology and cryptocurrencies to its students. A typical example is Union Catholic Regional High School in Scotch Plains, New Jersey which has introduced cryptocurrencies to its juniors and seniors.

 

 

What do you think about introducing the blockchain technology to African schools? 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.

 

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Employing Blockchain to Insurance

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Blockchain is the technology of the era on which cryptocurrencies run. The potential benefits of blockchain technology described by many as disruptive is only just becoming understood by various industries, with the insurance industry being one of them. Blockchain is a decentralised database of digital records that is cryptographically protected. In the insurance industry, observers believe implementing blockchain will produce unprecedented improvements in service delivery and fraud reduction. Here are ways blockchain will help the insurance industry.

Since blockchain provides a distributed and unalterable record of data that is available to the public, one of the major challenges of the insurance industry – fraud, can be alleviated. It is proposed that insured assets can be identified using a unique serial number as an identifier to an asset – a form of IMEI in the insurance industry.

Another trending innovation of the blockchain is Smart contracts. Smart contracts can be used to write a template for agreements between insurer, reinsurer and the insured, all in an open and clear way. As with the blockchain, the smart contract is impartial, it pays for claims that have been verified as accurate and have met predetermined conditions.

KYC (Know your customer) is now a method used by firms to establish the veracity of information provided by customers. With blockchain technology, an individualised customer data like a digital file, accessible by different service providers can be made for each customers, reducing the huge cost and time in building compliance and onboarding policies for customers.

Rather than rely on virtual offices that may not meet customers needs, insurance firms can leverage on the distributive nature of blockchain for processing insurance claims anywhere, anytime in the globe without the limitations of boundaries. For insurers looking to venture into new markets, blockchain will provide lower cost of reaching markets, accurate customer information and promptly service delivery.

The world is getting smartened by IoTs. Personal health and fitness tools, vehicle trackers, asset tracking and home sensors have never been safer than been locked in a cryptographed chain with each accessory a block. With a blockchain, IoTs are tamper proof, and important personal records can be easily shared with insurers without data breaches especially when claims are made.

As the globe awakens to the potentials of blockchain technology and more insurers adopt it, customer service and trust in the insurance industry is set to break old limits.

 

 

What do you think about blockchain in insurance? 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.

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