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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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African Universities Need to Adapt Their Curriculum to fit Emerging Technologies

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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.
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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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