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.
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.
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
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.
Blockchain Saturday: Nigeria’s Most Prestigious Crypto Event!
The much anticipated prestigious blockchain event, Blockchain Saturday is set to return in Lagos, Nigeria. We are proud to announce that the 6th edition of The Blockchain Saturday event is here. After weeks of planning and execution, most of our plans have come to fruition, most of which centres around the venue, speakers and of course sponsors.
The theme for the event is “The Future of Money” and it is safe to say that despite the progress Bitcoin and Cryptocurrencies have made over the years in going mainstream, there are still millions who doubt blockchain and cryptocurrency, and there are a whole lot more who are oblivious to this space entirely. So, the conversation about the history of money is super important, as it tells the story of where money is heading.
About Blockchain Saturday
Blockchain Saturday is a periodic meet-up where renowned experts, industry leaders and practitioners, as well as enthusiasts, within the blockchain and cryptocurrency ecosystem come together to synergize, share ideas, and network. This gathering is to facilitate the cross-pollination of ideas to drive towards a more sustainable blockchain ecosystem in Africa. At Blockchain Saturday, it is our belief that the idea of the next disruptive project similar to Bitcoin, can be conceived at this meetup, and for that reason, every idea is worth considering as we work together towards the nurturing and development of projects that will later become products that will solve real-world problems.
We all can create an enabling environment that is geared towards learning, and against the imposition of ideas on participants.
So, What is the Future of Money?
Bitcoin has left a remarkable dent in the future of money, and at Blockchain Saturday, we are always exploring ways to better leverage the disruptive power that blockchain and cryptocurrency offers. And we are excited that the speakers’ line-up to make presentations at the event will be speaking in line with this theme, with their respective projects in mind. They will be sharing their unique crypto journey, and how far they’ve all come, and the plans for the future.
The speakers we will be having the privilege of listening to are:
MEET THE SPEAKERS
Founder, CEO CryptoHub
You can’t mention the top personalities in the cryptocurrency and blockchain space in Nigeria without mentioning Chris Ani. The Founder and CEO of CryptoHub is a well-respected figure in the space, CryptoHub, which is one of the many arms of Digital Abundance is a platform focused on Bitcoin, blockchain and cryptocurrency trading education.
It’s a place where highly skilled tutors train newbies on important areas of the crypto world. It is hard to ignore the strides Mr Chris and his team have made in the space since their emergence, in enlightening interested people about cryptos.
The serial entrepreneur and author of Crypto 101, will be speaking on the title of his book “Crypto 101” which is focused on the newbies that have limited knowledge of cryptocurrency.
Co-Founder, CTO, Finmex.io
The need for technical people in the blockchain space can never be overemphasised, as they are the builders of any sustainable system. Mr Enitan is a seasoned developer, who also serves as the CTO on the Agricultural project – Agricblock, a project that aims to create a successful marriage between Agriculture and Blockchain technology, hence opening up a new market to an endless flow of possibilities.
Finmex.io, which is a peer to peer digital assets trading exchange that aims to provide cutting edge solutions to the challenges exchanges currently face. Enitan is the Co-Founder and CTO of this promising project, and he will be discussing the role crypto exchanges will play in the “The Future of Money”
EOS Nation Ambassador
Toju Kaka is the Africa Community Manager for BOS and an EOS Nation Ambassador working to facilitate the adoption of EOS in Nigeria. His newest venture EmpowermeEOS is a social enterprise that is helping marginalized young people earn EOS based tokens.
Prior to his engagement with BOS and EOS, Toju Kaka got his fame in the Nigeria blockchain space via Steemit (a blogging platform built on the Steem blockchain). Where he was one of the reputable Steemians in the country.
During the forthcoming BCS event, Toju Kaka will be speaking to the role the projects he represents (EOS/BOS) are going to play in the next monetary revolution.
Behavioural Psychologist & Writer, Steemit/Whaleshares
Everybody loves Mo, as she is popularly called across the Maschains (Steemit, Whaleshares and Trybe). A behavioural psychologist by training and a writer, Mo is actively engaged in the Mas-chains where she actively participates several communities and gets rewarded for her efforts.
She earns from creating content and blogging on platforms like Steemit, Whaleshares and a few others.
She will provide tips on how to earn cryptocurrencies by content creation on the blockchain, and she also will share some insights on how community activities can become a rewarding endeavour.
Founder/CEO, Bitfxt Technologies
Franklin Peters is the Executive Director Peters Blockchain Consults, Co-founder Billionairescode business club and the Founder/C.E.O Bitfxt. He is a Visionary leader and a business mentor and coach. He has a vast knowledge of Blockchain and cryptocurrency, financial intelligence and asset management.
He will be speaking about “Blockchain, the New Economic Goldmine” his discuss will be an offshoot from his project “Bitfxt” which is truly leveraging blockchain technology in solving our everyday transactional needs.
This promises to be an insightful discussion as Bitfxt are doing some exciting things in the financial space with their coin, and some innovative ways as to how it can be utilized.
Jamaa Lead Ambassador
Also known as the “The Blockchain Pastor” Steven Moses is the founder of Blockchain Chapel which has a strong presence across the mas-chains (Steemit, Whaleshares, Weku Easysocial). Being a strong personality on these platforms, Blockchain Chapel rewards posts that are centred around Christianity, love and peaceful and harmonious living.
He recently became Jamaa (a new content rewarding platform) Lead Ambassador for the Nigerian communities. And he will be Introducing Jamaa to the participants of the event.
Lead, Dash Nigeria
Nathaniel Luz is the Lead for Business Development, Dash – Nigeria. He is a Chief Player in the Blockchain space in Nigeria. He serves on the advisory boards of many remarkable Fintech startups and long-established firms in Africa. As a Pan-African, he has been rebuilding Africa since yesterday which establishes his life’s mission and vision statements. He has published several international journals, and articles ranging from topics like Blockchain and Future Technology, African politics, Free Market and Limited Government on leading web platforms.
Agbona is a tech entrepreneur who is passionate about technology and how it was designed to improve efficiency in our everyday life. He ventured into the world of cryptocurrency via the Steemit and Mas-chains portal, and he currently serves as Beam (a privacy-based coin) ambassador to Lagos Nigeria.
Ever since he ventured into the blockchain and cryptocurrency space, he has actively advocated for Africans to participate in this decentralized world. As it’s his belief that Africa’s problem can be solved with the decentralized power blockchain. Finance, elections, agriculture, governance, if these systems and the others are decentralized, it will immensely solve the majority of Africa’s problem.
It is based on this premise he created Blockchain Saturday, which is meant to a grass root outreach to informing people who know little about the crypto space about the potentials of a decentralized platform. By creating an enabling environment where both newbies, crypto seasoned experts, enthusiasts can come together to interact, network, share ideas. Who knows, the next Satoshi Nakamoto might just get inspired to create something revolutionary.
Why Should I Attend
Awesome learning, networking opportunities with leaders of the blockchain and cryptocurrency community in Lagos Nigeria
Free copies of Crypto101 book by Chris Ani
Free branded shirts
Free EOS and BOS account creation
Free Dash, Beam, Karma tokens, whaletokens and many others
Refreshment and dope professionally took pictures
Time: 11:00 am
Date: 22nd June 2019
Strictly by Registration
Highlights From BAL’s Blocktech Women Conference 2019
As it stands Lagos ranks as one of the top cities in the worlds that conduct researches on the internet on the blockchain. This is a result of some of those of these researches. #BWC2019 was a success.
The just-concluded Blocktech Women Conference #BWClagos2019 hosted by Doris Ojuderie of Blockchain Africa Ladies was a major blast. It was one of the first blockchain conferences hosted within the Lagos blockchain community in 2019. The event sought to promote blockchain in areas of awareness among women using Education and life-changing stories of the keynote speakers.
The conference with the theme: THE LOOMING FINANCIAL REVOLUTION; AN ENGINE FOR SOCIAL TRANQUIL had speakers from The United Kingdom, United States, Canada, Abuja and was attended by participants both locally based and those who came from neighbouring cities within Nigeria from different walks of life – some of which had no prior knowledge of the Blockchain Technology.
The conference schedule featured activities from Panel sessions (Why Arent There More Women in Blockchain and What Are The Future Trends of Blockchain and Cryptocurrencies) to Training sessions( Crypto Trading Live, Programming skills and language, Entrepreneurship a Longrich Presentation). It also had a well-packaged workshop which gave participants practical knowledge to understanding blockchain and decentralization concepts.
The support from different blockchain communities for the lady-driven blocktech conference was second to none. Among many sponsors were Beepmagnet International Group – initiators of the sisiBox project, KubitX – Africa’s leading exchange built by Africans and for African, SiBAN – Nigeria’s Blockchain Stakeholders Association saddled with the task to self-regulate the industry within Nigeria, Dash Nigeria, Veritaseum Gold Platform built on the Blockchain, Nepsium – a swift crypto exchange platform and lots more.
Media practitioners were also represented in the conference, strategically to take feedback from attendees on the experience and delivery. e-blockbuzz, Zilla, Digivation, ADMP and Cryptotv Plus had more than enough content to share with their communities in the coming weeks.
As it stands Lagos ranks as one of the top cities in the worlds that conduct researches on the internet on the blockchain.
It is exciting to see women take the lead in the blockchain and if we must see blockchain penetrate the grassroots, we need more women in the space as they are the best educators, natural builders and great influencers of the future.
Find the summary of the events in Pictures as put together by Cryptotvplus.
For full event coverage of your Blockchain event, Contact us.
Top 5 African Countries To Do Blockchain And Cryptocurrency Business
The Africa blockchain space is evolving fast to reach their international counterparts and this is commendable. So far, there are some Africa countries that have been steadily creating awareness of the cryptocurrency and blockchain movement in the continent. Acceptance of cryptocurrency, creating innovative hubs and business around cryptocurrency and blockchain is already been done by some of these countries.
In this article, we will be looking at some top African countries to do blockchain and cryptocurrency business
Kenya, the silicon savannah of Africa is one of the principal pioneers of blockchain innovations in Africa and using the blockchain as a tool for solving key problems in Kenya.
The Kenya government in 2018 launched a task force community to look into cryptocurrency and blockchain and come up with a roadmap that could be adopted.
Blockchain has been used to solve major problems in Kenya. Some of which is the issue of land grabbing – Kenya came to the technological spotlight after the launch of Mpesa, a phone-based money transfer which started in 2007 launched by Safaricom – Tanzania’s and Kenya largest mobile network operators.
Although there has been a significant lack of regulatory clarity around emerging technologies in Kenya however it is one of the countries that are friendly to blockchain and cryptocurrency in Africa and currently support blockchain and cryptocurrency innovations and business.
Nigeria is also a very friendly African country to do blockchain and cryptocurrency related business. Nigeria houses some of the biggest blockchain companies in Africa and tech hubs in the continent such as the Blockchain tech hub, the brains behind one of the popularly known multi-wallet “Satowallet”. Another hub is the Kurecoinhub behind Kurepay wallet. Nigeria is known to be a fertile land for investment in Africa however, the federal government is not throwing much of their weight behind blockchain and cryptocurrency but the bull is being taken by the horn by some of the country’s cryptoprenuers making strides in the blockchain space.
There are quite a number of blockchain and cryptocurrency master class, blockchain conferences, meet up pouring out of Nigeria where people are educated about blockchain and cryptocurrency. Millions of dollars are made in Nigeria from cryptocurrency trading making Nigeria a good destination to start a bitcoin wallet, trading and exchange businesses.
Corruption is fought in South Africa via the decentralized ledger technology and currently one of the first African countries to pitch a blockchain business with a lot of blockchain companies. Attention was given to the country when the South Africa reserve bank made decisions to start experimenting with cryptocurrency token for transactions. Some of the biggest blockchain companies are found in South Africa so when looking for the next place to start a blockchain business you should consider South Africa.
Another Africa countries to consider to start a blockchain business is Ghana; Ghana is home to Bitland – a leading land registry platform. Ghana is making headway and she is welcoming innovators, startups to come and pitch their blockchain projects. So if you are in West Africa or outside Africa, you can look into making Ghana your destination for a blockchain business.
Uganda is fast growing itself as a go-to blockchain destination in the continent. The country has commendably progressed in the last decade, technologically-speaking, and its push into blockchain technology is proof. Recently, Carico Café Connoisseur announced that it had started using blockchain technology in its coffee supply.
Not so far, Binance – which has been by far one of the biggest crypto company globally has set up its operations in Uganda as announced by its CEO. Also, the government of Uganda is working on introducing regulations to govern cryptocurrencies as said by Uganda’s minister of finance.
On a final note, there are other Africa countries that also utilize and embrace blockchain and cryptocurrency like Zimbabwe, Tanzania etc. So if you are looking for friendly African countries for your cryptocurrency and blockchain business, you should consider either of the above-listed countries.
Do you find this article helpful? Do let us know by using the comment section below.
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
PAXFUL IN THE NEWS FOR THE WRONG REASONS
It is no news that Paxful stands as one of the renowned bitcoin trading platforms in the world. Interestingly, the company has built a global reputation in the few years of its existence having established one of its biggest markets in Africa.
According to Paxful Team, over 300 ways exists through which payments can be made for the purchase of bitcoins. Among the lot are through the use of:
- Gift Cards– iTunes, amazon, OneVanilla Gift Cards VISA?MasterCard,Target, GameStop, BestBuy,walMart and many more.
- Cash Deposits– Western Union, MoneyGram, Bank of America, Wells Fargo, COOP Credit Unions, TD Bank, SEPA, National Bank transfers Nigerian Banks, SEPA, Wire transfer(domestic and swift) to mention a few.
- Online Transfers– PayPal, Serve to Serve, Skrill, NetSpend, PerfectMoney, OkPay and other major online wallets
- Digital Currencies– Ethereum, Litecoin, Eos, Tether, Cardano, Monero and including many other new coins and tokens.
With all these services available on the paxful exchange, one would rather believe that there exist a very healthy communication flow between the company and the customers. However this doesn’t seem to be the case as many traders on the platform recently observed an unexplained denial of access to their accounts.
Nigeria which happens to be the company’s biggest markets in Africa and is second to the Paxful market in America, have continued to support the company via continuous use of the platform.
With these locally done transactions which have to a great extent, generated huge capitals for the company, one would think a well structured company such as Paxful would have the courtesy to put in place a stand-on live service center which would act as support center and play an active role in resolution of complaints between customers and the global business magnet.
Unfortunately, reports reaching us is that Paxful makes use of Bots rather than Humans in attending to support-related issues and even in dispatching mails. One would argue that the above allegation if true, might not hold water as any company – in a bit to promptly service the needs of her clients, can adopt the use of any available means to disseminate information. However, if the said purpose for the adoption of automatic mailing and communication is defeated, then there is obvious need to raise and eye brow on Paxful’s transparency.
Recently, a number of Paxful Users took to twitter to tell their story of how Paxful had illegally frozen their accounts and have since started a trend “PaxfulNGisAScam”
These negative comments began a while after the Bot support stopped responding to the numerous support tickets. Paxful’s Under-performing customer relations might have done just enough to earn it a name in the blacklists of Cryptotraders and investors.
It is expected that Paxful and CEO Ray Youssef will respond to these allegations in an official statement or maybe their bots will do just that. Let us know your experiences.
In the mean time we ask questions like: Is this yet another reason why we need decentralized exchanges?
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. Also, this content does not in any reasonable way, seek to promote negative news or information about Paxful Global. It is solely for informative purposes on the and should only be intrepreted as such.
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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