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Use Cases of the Blockchain For the African Situation

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The blockchain technology seems to be gaining more popularity than cryptocurrencies because of its wide and vast use cases. In the African continent, the black nation has been plagued by many factors that has hindered its development including extreme poverty, poor infrastructure, and corruption being chief amongst them. Some African countries seem to be ready for a change and their governments have begun to make inquiries into the potential of the blockchain. Countries like Kenya have already created a blockchain and AI task force to investigate the application of the blockchain. The Nigerian Government is still investigating regulating the technology, Ethiopia is already applying the blockchain to its coffee exports and the Ugandan government has also introduced the blockchain technology to its ministry of science and technology.

The blockchain technology can tackle a lot of these developmental problems affecting the nation, we will be looking at the Uses cases of the blockchain in tackling certain issues in the African continent.

Solid Database
One of the major problems giving the african continent constant headache is data. Policies are made but with wrong data and these leads to the failure of such policies. Without accurate data, the government is limited in solving the basic problems of the people and monitoring developmental goals. The Blockchain technology could provide an effective solution to the problem of data. Healthcare, immigration, social welfare, education, and a lot of sectors need data. If data could be tied to identity this is one way of solving the problem of data. Uport an identity based blockchain project built on the Ethereum blockchain seeks to address the problem of identity. If every citizen has their information stored on the blockchain, all the government need to do is check for the total number of citizens who need a specific attention, release the budget and monitor the progress of the project. If this is applied, it would save time, money and efforts.  

Remittance

African are trooping out of the continent daily to seek greener pastures in other continents. Yearly, billions of dollars is been sent back home from Africans in diaspora in 2017, an estimate of USD 36 billion. The huge market of remittance is dominated by giants such as Western Union and MoneyGram whose charges per transaction is very expensive and as high as 10% per transaction. Cryptocurrencies are a faster, easier and cheaper means  of sending money back home. Instead of going through the stress of withdrawing money through MoneyGram you can simply convert your Crypto to fiat right in the comfort of your home with less charges using a cryptocurrency exchange platform such as Remittano.

 

More Problems More Solutions

The blockchain technology can be used to tackle the problems of supply chain in healthcare and other sectors that uses supply chain management. Such as the Ethiopian government has employed in their coffee management. Employing the blockchain in healthcare will curb corruption, ensure that the drugs get straight from manufacturer to patient without being tampered.

Election in Africa usually spell doom as opposition parties try to use thuggery to outsmart each other. But when the blockchain is employed as Agora, a Swiss based blockchain company tried to do with Sierra Leone election, there will be transparency. The results cannot be tampered since it is registered on the blockchain, there will be lesser use of paperwork which will save time and ensure efficiency.

The blockchain has already been used to verify land transactions in Kenya as Land LayBy a blockchain startup is registering land ownership on the blockchain. The land registry proof will reduce the messy fight that usually comes up over land issues.

Recently, Eat BCH a crypto charity organised a feed South Sudan charity. The country had been in distress since its civil war in 2014. This was made possible through donations made by the  BCH community. The idea is that Crowd funding for projects become easier to track and to receive.

The  blockchain is revolutionizing the way things have been done. Even a country like Venezuela is bypassing the sanctions of the U.S. by creating a cryptocurrency of its own based on the country’s natural resources. More African countries are making regulations to embrace the blockchain technology and are even employing its potentials such as South Africa who recently created a blockchain payment system with a bank based in the country. The blockchain technology posses a lot of possibilities for the African nation, our hope is that the government make suitable policies that will favour the growth of the technology in the continent.

 

 

 

 

 

 

Do you know any other use case that might help move the continent forward? Share your opinion with us in the comment section below.
Image credit: Pixabay

 

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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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Women are Taking Over the Crypto Market

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The crypto space has majorly been dominated by men but women are changing that notion now as recent findings from, AltcoinTrader revealed that women cryptocurrency owners are on the rise. The South Africa cryptocurrency exchange had revealed that more women are owning cryptocurrency unlike before and the ages of men who own cryptocurrency are between the ages of 18 and 40.

This is a remarkable feat as it will cause a great deal of diversity and inclusion in the crypto space. What we want is financial inclusion for everyone right? Then it’s a great thing that women are getting involved in the space. Richard de Sousa a partner at AltcoinTrader, say: “We think that the growth in this market is still at its infancy and as more regulatory frameworks get developed over time in this space, more people will get into it. There will definitely be an increase in our records across all of these generations as the market evolves.”

The report also showed that,“the group is a culmination of the Xenial and Generation Y or “millennials”. They are born between 1978-1988 and are dominating this space owning bitcoin or other cryptocurrencies. Although there are more men generally internationally in the cryptocurrency market, there is a high rise of women in various age groups. The cryptocurrency exchange revealed, “As cryptocurrencies such as bitcoin are still a new phenomenon, we are starting to see more South Africans get into this space.”

Although women dominated the space in the category of women aged 30-40, Males dominated the category of 18-30 year category. Women also dominated in the 40 to 80 age account groups. For the last six months, the number of women investing in cryptos has risen from 6 percent to 13 percent. African women are moving towards financial inclusion and liberty in the world and cryptocurrencies offer that freedom. It is not difficult to find out why more women are investing in cryptocurrencies.

 

 

 

What do you think about more women getting into the crypto space? 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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Blockchain Association of Nigeria Set to Change the Face of Blockchain in Nigeria

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The cryptocurrency space in Nigeria will mark Wednesday, the 13th of July 2018 as a remarkable day on its calendar. Today, individuals with vested interest in the growth of the crypto and blockchain space in Nigeria hearkened to a call put forth by the Nigerian Blockchain Association. Cryptoprenuers and Blockchain enthusiasts came together to deliberate on the unpleasant reception most blockchain and cryptocurrency startups are receiving from banks. Stringent rules that are unfavourable to these startups are being put up by the bank. From frozen bank accounts to exemption from certain financial services, there is a need for a unified voice to speak against some of these practices.

Deliberations on a unit to meet up with regulatory bodies on discussions on how the Blockchain society can benefit from favourable policies and services.  Present at the meeting was the CEO of Cryptohub, Chris Ani, CEO of Cryset, Munachi Ogueke EOS ambassador for Africa Toju Kaka, Ceo of Stach, Ejima Joseph,  CEO of Cryptotvplus, Tony Nwabishop,  CTO of Crypstone, Johnbosco Obele and other prominent members of the Blockchain community. The meeting which lasted for hours was filled with deliberations on how to move the Blockchain community in Nigeria forward with one voice.

The Nigerian Blockchain space has been ridden with various crypto and Blockchain communities speaking for themselves but a greater threat to the growth of the Blockchain technology in Nigeria looms with the government lying doormat after the growth and potentials of the technology to the country. The central bank is building on this silence to be very stringent with crypto startups and there is a need to educate the government about the danger of crippling a sector that has been named the ‘4th revolution’.

The association is also talking about education, mass education of the Nigerian people, educating the Nigerian people parastatal by parastatal to eradicate the doubt that people might have about the blockchain technology. They have a plan about going to the grassroots and educate the layman about cryptocurrency. The plan is to build a cryptocurrency market that is just beyond bitcoin. Although this is just the first meeting the community will be having they have a huge future already mapped out for cryptocurrency in Nigeria.

 

 

 

What do you think about Blockchain Association of Nigeria? Share your opinion with us in the comment section below.
Image credit: cryptotvplus
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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What Can the Blockchain Do for Ebola?

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It is a very sad news indeed that the dreaded Ebola disease has resurfaced in the Black continent just a few years after it ravaged some parts of the continent. The Republic of Congo is currently battling with the spread of the dreaded disease that recently spread to Urban areas. The question now is what can the blockchain do to curtail such a dreaded disease as Ebola.

Immutable Records

The health minister of the Democratic Republic of the Congo’s (DRC) announced on Wednesday, May 16 that the current Ebola outbreak had spread to urban areas with the record of the first case in Mbandaka, a city of 1 million people. With the current outbreak, there is a need for records, immutable records and that is the role the blockchain has come to play in the society.  Already, health officials have announced that the death toll had reached 25 on Friday. The Distributed ledger offers a distributed database with real-time synchronisation. It also protects trusted records and simplifies interactions. This way people can impute the data and number of death toll or cases enabling the government know the exact number and function adequately.

Vaccine Supply Chain Management

Tracing the root of a problem is usually equivalent to its solution. The blockchain technology enables the transparency of the supply chain management If people can now track their coffee from farm to table as a blockchain startup in Ethiopia is enabling the central East African country track its coffee and pay farmers the equivalent of their coffee beans. If the blockchain is also employed in tracking the pharmaceutical products that will be distributed to avoid theft and inconsistency, the delivery of the drugs and treatment to end the epidemic will be faster and more efficient.

The World Bank announced the provision of $3 million to support the DRC’s Ebola Virus Disease Response Plan. The WHO is also deploying an experimental Ebola vaccine of 4,300 doses of which have arrived in Kinshasa with about 7,540 more on the way. The Vaccine is still unlicensed and this is its first deployment although it was cleared for “compassionate use” by the WHO. Tracking how the money is being spent and what it is being spent on as well as tracking the drugs and how it is being supplied can be monitored by the blockchain.

Identity Tracking

In 2014, when Liberian diplomat Patrick Sawyer imported the Ebola virus into the West African country, Nigeria, Rapid response to his symptom and the sacrifice of health personnel made it possible to curtail the dreaded disease. Since the disease started internally in the DRC identifying the victims would be necessary and the records will also be bulky to go through. But, if their details, identities and medical records from birth to death are stored on the Blockchain, it makes it easier to ascertain the death toll. The Congolese health ministry has already deployed epidemiologists to the affected areas to track down people who may have had contact with infected individuals. This could be made easier with the blockchain technology that would have the history of the people in a distributed database.

Fund Raising

The blockchain technology and its underlying use case cryptocurrency can make Cross-border donations easier. People around the world passionate about the cause can donate cryptos to enhance the scientific research on vaccinations that can help people be immune to the disease. While the deadly virus is still being controlled in DRC, we hope that other countries will employ preservative methods that entails the Blockchain technology.

 

 

Do you think that the blockchain can help eradicate Ebola from Africa? Share your opinion with us in the comment section below.
Image credit:newscientist
 
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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Dascoin To Hold Blockchain Technology Summit In Nigeria

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Dascoin

Cryptocurrency and Blockchain in Nigeria are gaining much awareness in some parts of Nigeria as Lagos seems to be leading the pack. Crypto companies and startups have decided to spread the gospel of cryptocurrency themselves, by organizing meetups and conferences at various locations in order to drive education and adoption at a much faster pace.

Dascoin is one of the pioneering companies as it prepares for one of its very many conferences in Lagos, Nigeria. 

The “Blockchain Technology Summit In Nigeria” Holding at the Federal Palace Hotel, Victoria Island, Lagos State, Nigeria, is one of the many conferences as it focuses on collaboration “searching for a better way to create, build, store and exchange value.”

Dascoin’s  vision is simple. They are focused on delivering solutions that increases empowerment, enhances control and expands freedom. They believe the pursuit of these qualities will lead to a better, fairer and more prosperous future for all involved and are constantly innovating as they create, maintain and evolve the world’s most secure digital currency.

Sessions, some of which will focus on Blockchain as it affects agriculture, entrepreneurship and trading. The beauty of this conference is its focus on the blockchain technology and how it can be leveraged on by the different sectors of the economy. Dascoin will also be showcasing their newest platform Das33 which showcases the potential of its ecosystem.

The Dascoin is supported by Netleaders. NetLeaders provides easy access to DasEcosystem, empowering the community through a myriad of blockchain-based services and applications. The more the network is used, the more the system itself is empowered and the more valuable it becomes. By growing the network and being rewarded for doing so, the community empowers others into financial freedom and control.

The more that people take part and contribute, the more the system itself is empowered, becoming more valuable to all those that use it. So if you are in the neighbourhood, join the growing blockchain community at the event. Click here to register for the event.

Join the community Dascoin Netleaders community on Discord. Click here to join

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