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UNICEF Invests in Blockchain-based Early Child Development Startup Amply

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UNICEF Invests in Amply

The UNICEF Innovation Fund has announced its first investment into a South African startup called Amply, which leverages blockchain technology to better manage early childhood development services.

Founded on the IXO blockchain protocol, Amply is a UNICEF-backed application that is creating a universal shared ledger for impact data. Early child development (ECD) centers can record and validate pre-school attendance claims. The government of South Africa is then able to exchange these claims with subsidies, which create accountability and makes the funding process more transparent.

Based in Switzerland, the IXO blockchain is a project that is building the needed technology for the impact investment space. Its technology is meant to scale impact measurement as well as allow for the invention of digital assets known as Impact Tokens that are supported by verified impact data.

The Amply Platform

The Amply system enables every child to have a mobile digital identity that verifies their existence, records the history of their education and enables them to receive the benefits that they deserve. Known as the digital identity protocol, the system is already changing the way pre-school children are registered in South Africa.

AmplyThe system has been built in such a way that it stores the digital identity and personal details of each individual child privately allowing only for the child or their parent to have control. Since the pilot was launched in 2016, about 85 ECD centers have recorded over 61,000 digital attendance, especially in the Western Cape region. Pre-school teachers, through a verifiable claim format, are now able to collect data on attendance through the mobile application developed by Amply, as part of a pilot project. The verifiable claim format is a systematised template that allows for the exchange and use of information across datastores, which helps break down information silos between various stakeholders. The validated attendance claim is then tokenised as a digital asset that a given ECD center can exchange for subsidy grant funding from the government.

According to TechBullion, the digital data captured by Amply has metadata – location, date and time of collection – that has a mathematical proof marking that proves the claim comes from a given origin. This way, the data has a built-in error checking that makes it possible for an external authority to validate the entry without the need to know what is contained in the data. The mathematical proof tied to the metadata is free from any tampering.

In most ECD centers today, teachers are forced to use a paper-based system that cannot be verified. As such, the centers are forced to submit lengthy attendance reports whenever they need to claim subsidies for the services rendered to the Department of Social Development. The government is, therefore, forced to spend a massive amount of time in auditing the attendance reports which makes it a long and expensive process. Besides, stakeholders such as NGOs, ECD centers, the government and other institutions are unable to utilise the information available in the analog reports to come up with comprehensive analytics and program optimisations.

However, with the availability of the global data ledger by Amply, all stakeholders can now have access to crucial information such as where and how the services are being delivered which will help them to plan better and allocate resources. Besides, the data ledger has brought about increased trust in the funding ecosystem which has resulted in increased funding for needy children while saving the administration money and time.

While education is the main focus for Amply at the moment, there is excitement for potential applications that will tackle access to government subsidies, healthcare, food and other goods and services sector. Data collected via Amply has the potential to help improve the consistency and quality of services that South Africans receive. And for Amply, it is just the beginning as they are looking to expand to more schools in the country to help the more than 3.5 million children that are currently not receiving pre-school education.

Blockchain Technology

vCargo Cloud to Implement Blockchain-Based Electronic Certificates of Origin in Kenya

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Blockchain-Based Electronic Certificates of Origin

Fintech company vCargo Cloud (VCC) has partnered with the Kenya National Chamber of Commerce and Industry (KNCCI) to roll out blockchain-based electronic certificates of origin (eCOs) in Kenya to modernise a vital part of the country’s trade facilitation processes. The eCO platform by VCC utilises the blockchain, which will make it easier for various stakeholders to authenticate certificates.

Speaking of the partnership, VCC said that the partnership with KNCCI is proof that their blockchain-based platform is disruptive and allows for instant verifications of the eCOs, which results in improved efficiency, security and transparency in the authentication of trade documents. The move also comes after VCC unveiled a similar blockchain-based solution in Singapore in May.

An electronic certificate of origin (eCO) is an international trade document that certifies that goods in any given shipment have been manufactured from said country. Customs and traders usually request for eCOs in order to verify goods while banks request the same, among other documents, that are used in any trade finance transaction.

In an interview with GTR, Desmond Tay, VCC’s CEO said that their blockchain-based platform would be slightly tweaked to the needs of the KNCCI but it is similar to the one in use in Singapore. He went on to say: “After the success in Singapore, we have been trying to bring the blockchain eCO solution to other places around the world. We are in discussions with a few chambers in Africa and Southeast Asia and expect to see further expansion soon.”

Kenya was the next launch country for VCC seeing that they have an office in Nairobi according to Tay. VCC is also in talks with several other countries in East Africa as well as chambers in Japan, Myanmar and Sri Lanka regarding implementing its platform in those countries.

VCC is, however, not the only company rolling out blockchain-based solutions that are meant to boost trade in the African market. Two months ago, IBM Research, in partnership with Twiga Foods, launched a blockchain-enabled microcredit solution to offer loans to informal and small businesses within Nairobi. Blockchain startup Wala and trade platform Black Commodities have also joined efforts to unveil a cryptocurrency product financing solution that will provide 50,000 small-scale farmers in Africa with loans worth $10 million.

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Bancor Set to Launch Blockchain-Based Community Cryptocurrencies in Kenya

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Bancor in Kenya

The Bancor Network has announced plans to launch a network of blockchain-based community currencies in Kenya. The launch of community cryptocurrencies is meant to help curb poverty through the stimulation of both local and regional commerce as well as increased peer-to-peer collaboration.

This new project will enable communities within the East African nation to create and manage their own digital tokens, through the utilisation of blockchain technology, thereby, closing the barriers that have historically existed to prevent the use of community currencies.

Will Ruddick, Bancor’s new Director of Community Currencies, will manage the project from Nairobi where he has lived for over a decade. He also runs a non-profit foundation known as Grassroots Economics, which oversees community currency programs in six different locations in Kenya that serves more than 1,000 local businesses and 20 schools. Ruddick, together with his team, will make use of the Bancor Protocol to expand Grassroots’ existing paper currency system into a blockchain-based network that intends to decrease poverty and build stable markets through the use of local currencies. Ruddick said:

“When communities have the same right as nations to create and manage currencies, they will unlock their full potential.”

Co-founder of Bancor, Galia Benartzi, said in a press release: “We have seen the crypto world generate roughly $400 billion for new currencies, and we believe the same mechanics can be applied to help communities create wealth on a local level through the use of blockchain-based community currencies that fill regional trade gaps, enable basic income and food security, and promote thriving local and interconnected global markets.”

Bancor’s Project Plans

Bancor in KenyaBancor will be seeding its first currencies by donating some of the capital it raised during its $153 million token sale in June 2017. The Bancor Network enables anyone to create digital currencies that contain one or more balances in a connected currency. This allows integrated currencies to be replaced with one another without the need for a counterparty. The currencies also have built-in mechanisms that are built to algorithmically calculate prices based on the supply of the currency and adjusts effectively to its use.

The Bancor Network is already being utilised daily to process more than $20 million conversions in digital currencies and is now set to be rolled out to disadvantaged communities across Kenya.

Plans for the launch of the project include:

  • First pilots in the two largest slums in Kenya: Kibera and Kawangware.
  • Grassroots will leverage its network of local businesses network to circulate the currency by giving discounts and additional benefits to customers who use it in their transactions.
  • As more people buy and hold the local currency, its market cap is expected to increase, hence create wealth and purchasing power for its holders.
  • Anyone will be able to buy and sell the community currencies (including community members) using other digital currencies or major credit cards with transactions processed via the open source Bancor Protocol, enabling users worldwide to support the communities from afar.
  • A balance in a stabilised “parent” cryptocurrency still under development will – at the start – be pegged to the Kenyan Shilling (KES) and allow for exchanges between the network of local currencies at algorithmically calculated prices.

Impact Investing Tools

In an attempt to build an alternative Grassroots Economics community currency network in Kenya about eight years ago known as “Bangla-Pesa”, Ruddick, an American-born physicist, was jailed by the Kenyan authorities. He would later relaunch the community currency network in partnership with the government of Kenya. Both he and the Bancor team have been vocal on the potential of community currencies to curb global poverty using a bottom-up approach for sustainable economic development.

This project is part of growing efforts from a wave of blockchain startups to use blockchain technology, smart contracts, and cryptocurrencies to build the next generation of aid and impact investing tools.

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Tanzanian Blockchain Community to Hold First Blockchain Event on June 30

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Tanzanian Blockchain Community

The Blockchain Tanzania Community has organised the first blockchain event in the country to be held on June 30, 2018, at the University of Dar es Salaam from 10 am to 1 pm.

The event will be a commencement seminar where Blockchain Tanzania will share its objectives, vision, and mission with the public and other stakeholders.

The Blockchain Tanzania Community brings together professionals, companies, academicians, and regulators such as the Tanzania Revenue Authority (TRA) and the Tanzania Communications Regulatory Authority (TCRA).

The organising chairman Rutazaa told BitcoinKe:

“As a community, we aspire to create an environment where youths will be inspired to engage and learn, investors favoured to invest, and regulators encouraged to fairly regulate, so blockchain, for what it is, can revolutionise our country.”

Tanzania is joining the ranks of other East African countries such as Uganda and Kenya that are embracing blockchain technology. For instance, Uganda is set to establish a blockchain taskforce while Kenya already has a functioning taskforce.

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