Connect with us

adoption

Is Nigeria Preparing for A Blockchain Based Election?

Published

on

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

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

African Universities Need to Adapt Their Curriculum to fit Emerging Technologies

Published

on

African universities are yet to integrate the blockchain technology into their curriculum. While other countries are taking the initiative and moving forward with the technology. However, the African Development Bank has called on academic institutions to adapt their curriculum to fit in emerging technologies.  Africa spends $35bn a year importing food which shouldn’t be if only technology-driven farming was employed.

 

Akinwumi Adesina, the president of the African Development Bank had acknowledged that agriculture can be transformed by utilising  automated tractors, artificial intelligence, drones

robotics and the blockchain technology all of which are rapidly evolving. He also said that there was an immediate need for technology transfer and it was evident that with governmental support African countries can yield positive results and he used Nigeria as an example.

Last week, during the 2018 Agricultural and Applied Economics Association annual meeting which held in Washington, DC, Adesina explained that the technology needed to achieve the much needed green revolution in Africa  exist. But he claims that they are “mostly just sitting on the shelves.” He argued that there is a lack of policies that support and ensure that these technologies get to the millions of farmers that need them.

He also added that all the government needs to do is to create a link between the available technologies and the right policies. This would in turn create a rise in the agricultural productivity and incomes for farmers as well as ensure that food prices for consumers becomes cheap.
Adesina also urged African universities to adapt their curriculum to include technology-driven  agriculture as well as to include agribusiness entrepreneurship in their curriculum for young people. The blockchain technology holds a lot of potentials for the agricultural sector and farmers can be able to track their produce as well as provide veritable information using the technology. However, African academic institutions have to be prepared to handle technological courses that will strengthen the agricultural sector of the country.



 

What do you think about blockchain related courses in African institutions? 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

Dash Drives Adoption in Nigeria with New Products

Published

on

Dash is focused on driving adoption and this time the Arizona based cryptocurrency has products best suited for the unbanked in Nigeria. The products, Alt Savings and Dashcart will be spearheaded by the Dashsquard team. The team had come up with products that will focus on solving age long problems in the country. These problems range from retirement to savings and then to utility bill payment.

Saving Made Easy with Alt Savings

The DashSquard team came up with the idea of Alt Savings, a product that will help salary earners save a portion of their salary in Dash or Gold. The team will be enlisting 300 merchants and SMEs in the month of August as part of its Milestone. The team also aims to enlist 1000 SMEs within 3 months.

These merchants, SMEs and Companies will utilise Alt Savings in their their staff retirement plan as well as Savings plan. Alt Savings offers a diversified savings portfolio of not just Dash but Gold as well to help Baby Boomers become part of the saving scheme. Asides partnering with merchants and SMEs, Alt Savings also plans to drive financial inclusion for the unbanked. The product has a service called mobile top-up with which the unbanked can save with recharge cards.

Introducing Dashcart’s Microtransaction

On the other hand, DashCart will attend to the needs of crypto users who need to spend small amounts of their crypto. The product has services which will enable its users pay electricity bills, DSTV subscriptions, mobile top-ups, gift cards as well as perform micro transactions. The unique feature of Microtransactions will enable users send cryptos directly to loved ones in fiat without worry of conversion. This is because crypto owners often worry about the high cost of transaction fee when sending as little as 5,000 Naira worth of crypto to a family member. But with the microtransaction, the crypto owner sends Dash to DashCart, inputs the account number of the receiver and DashCart sends fiat to the receiver’s account.

Dash Giveaways For Users

DashCart is also adding payments of domestic and international flights to its list of services. The team also plans to include hotel bookings and tax payment along side and aims to spread beyond the borders of Nigeria. The DashSquard team also has a special giveaway planned for its users. The first 1000 persons to use their cards on DashCart will get an airdrop of $1 while the first 1000 users to save using Alt Savings will get $3 worth of Dash.

The CEO of the projects, Lucky Uwakwe  and his team are working towards achieving their milestone. Also, they have a physical office in Lagos Nigeria where they aim to attend to clients needs. The aim of the project is to drive Dash adoption as well as create a means of financial inclusion for the unbanked and poor persons in Nigeria.

 



 

 

What do you think about Dashcart and Alt Savings? 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

Will Cryptocurrency Provide a Solution to the Problem of Africa’s Unbanked?

Published

on

Since the inception of Bitcoin, cryptocurrency has been praised as the best solution for liberating the unbanked from financial exclusion. There is an estimated population of 2 billion people in the world without access to a modern financial system according to the World Bank, a third of this population live in Sub-Saharan Africa. With the continent opening its arms to cryptocurrency and the blockchain technology in recent months, the new technology and its underlying use case cryptocurrency has gained mainstream acceptance. Despite the limitless possibilities the technology possessed, the question seems remains how much of a solution the technology seems to possess to solve the problems of the Unbanked.

Remittances and cross border transactions have been a big problem of Africa and cryptocurrency seems up be a viable solution to this problem. However, its volatile nature and cost of transaction as well as the lack of regulation has limited the effectiveness of cryptocurrencies on the African continent. The need to send money to Africa via another channel other than banks and wire services that charge has much as 10% per transactions still hasn’t been fixed by cryptocurrencies. Although initially, Bitcoin transactions were cheaper with the average transaction fee being only a few cents, however, the transaction fee has proven to be extremely volatile. The average transaction fee climbed to as high as 50 USD December 2017 and dropped to 2 USD in March 2018. 

The problem with transaction fees within the bitcoin network is that the cost of transaction does not depend on the amount of bitcoins being sent. You might find that for smaller transactions, the cost of  could be very high. Also, there might be no ecosystem to support the exchange of cryptocurrency into local currency since the local merchants might not accept them.

Also, there is no regulatory framework in Africa to monitor the progress of cryptocurrency yet instead the Governments issue warnings against trading. However, cryptocurrency is still gaining a wide range of acceptance and cryptoprenuers are looking for innovative ways to utilise digital currencies. We however look forward to a future where cryptocurrency transaction cost becomes reduced as the technology matures. This way, cryptocurrency becomes a remittance option for Africa and a means to reach the unbanked.



 

Do you think cryptocurrencies will be a solution to Africa’s unbanked? 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 Takes Charity to a Whole New Level

Published

on

Paxful is utilizing Bitcoin to reach the grassroot communities as well as create alternative funds for charities. The cryptocurrency exchange and marketplace had launched #BuiltWithBitcoin last year, Now, the exchange is partnering with Zam Zam Water, an International non-profit organization. The duo are planning to make a difference in the communities they are reaching out to.

Paxful has reached out to a lot of persons across Africa. The exchange has built water wells, about 100 schools and created support for agriculture across the continent. Ray Youssef, CEO and co-founder of Paxful explained that one of the key goals of the firm is to bring financial inclusion to the unbanked through bitcoin.  

Ray explained that #BuiltWithBitcoin is the next logical step the exchange is taking to help people around the world gain financial inclusion and access to critical financial resources. Paxful aims to make “a real and lasting difference” in the communities they are Working with through their partnership with Zam Zam waters.
Artur Schaback, Paxful CTO, and co-founder explains their plans and hope for  #BuiltwithBitcoin. He hopes it will be a model for charity in the crypto community. He explains, “The potential to make a difference is massive and we’re excited about the future of crypto-backed development.”

Paxful had already started a crowdfunding campaign along with the #BuiltWithBitcoin initiative. The campaign has been able to raise R1.3million which is needed to build a primary school in Rwanda. The initiative had earlier built a Nursery school in the country. The school which is the first #BuiltWithBitcoin project is located in Kasebigege Village in Bugesera District in Rwanda. Paxful had donated about R660,000 in bitcoin to aid in the construction of the nursery school in 2017. The initiative had also awarded about R200,000 worth of scholarships to female Afghan refugees to help them pursue their careers in the United States. This new partnership between Zam Zam and Paxful will bring a new life into charity.

 

 

 

What do you think about Paxful’s #BuiltWithBitcoin? 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
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