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Meet Africa’s Blockchain Startups: Bitland

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Bitland

Bitland is a Ghana-based blockchain startup that is utlitising blockchain technology to provide land registry services. The company aims to provide the basic services and infrastructure needed to give locals and organisations access to survey lands and register properties as well as assets through the Bitshares blockchain.

Furthermore, Bitland also intends to act as a liaison to help resolve disputes over ownership of land. Additionally, individuals or groups who registered their property on Bitland will be able to use their land as equity for bank loans.

The startup is working to extend their services globally within five years but for time being they are focusing on Ghana, with 28 communities selected in the southern part of the country to kick start the project.

BitcoinAfrica.io had the opportunity of interviewing Mr. Narigamba Mwinsuubo, the founder of Bitland to give us further insight into the work of Bitland.

What brought about the idea of Bitland?

Strong property rights is an important ingredient in economic development and prosperity for people. Without the protection of land use rights and reliability of transferring those rights, people have less an incentive to invest their time, energy and money into the properties that they inhabit and use.

Ghana has the problem of developing a fair, functioning, timely and efficient land administration system to get a single registry that represents a consistent ledger of land title holdings. It is plagued with multiple transfers of the same property. It takes longer times before land records are recorded, limited access of records, ongoing disputes over boundaries, and selling of land rights not owned by the seller and this is one source of the economic difficulties faced by most Ghanaians yet the courts are drowning in land disputes cases. So using the blockchain technology to create the first land title document with the help of a few friends who had in-depth knowledge about blockchain, time-stamping and mapping, I started Bitland.

So using the blockchain technology to create the first land title document with the help of a few friends who had in-depth knowledge about blockchain, time-stamping and mapping, I started Bitland.

How does Bitland intend to use blockchain technology for land registry?

The Bitland process is a next logical step for land administration, using online technology to include satellite images, GPS coordinates, landmarks, survey information and other data that make it easier to independently verify the accuracy of any plot of land. We want to simplify the process that can allow users to utilise their mobile device to enter a land survey. Whether a smart phone or tablet, the Bitland Application will allow users to plot land and submit requests directly to the government through the Bitland protocol.

How secure is the property or assets of an individual/organisation that uses Bitland?

Since the system is utilising a modified Proof of Stake (PoS) approach, the security of the system is not only distributed but more energy efficient than Proof of Work systems. By attaching a land title to the blockchain, it creates a time-stamped, immutable, transparent ledger of who owns a property. This will be much more resistant to corruption and fraudulent transactions than the current system in place. It will also serve as a method to prevent anyone within the government from corrupting the process for nepotism or to execute an illegal land grab.

What stage of development is Bitland currently working on?

We are on the verge of completing a working demo that is simple and easily accessible that organizations such as the Land administrations and Customary Land Secretariats (CLS) could use in one suite of tools.

What are the biggest challenges is Bitland organization facing to achieve her goals?

When a project of this nature is presented, many people wonder how it can be guaranteed that the information on Bitland blockchain is correct and available at all times and for this reason, we have done field tests over and over again practically with the communities to see how it works. Currently, the organisations greatest challenge is finance and we are open to donor-funded organisations who will want to support or buy into the project.

What is the long term plan of Bitland?

The communities involved in our training sessions now understand that decentralised and autonomous data archives models, such as one that is provided by the blockchain, can be an interesting alternative to centralised data storage solution and that the Bitland model will eliminate the dependency on a centralised authority and will allow distributed and trusted storage across nodes in the blockchain network. The

The organisation’s long term goal is to partner with government and administrations where Bitland serves as the liaisons between the people needing to register land titles and the officials that currently hold the access to the physical databases to effectively work through digitising the backlogs while continuing to take in new registry requests.

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46 Companies Join Binance Charity to Launch Stablecoin in Support of Feminine Health

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Binance Charity

An alliance of blockchain companies has joined forces to support a philanthropic project focused on the African continent. Led by Binance Charity Foundation (BCF), the charitable arm of the world’s largest cryptocurrency exchange, the initiative will involve the issuance of Pink Care Token (PCAT), a stablecoin that will operate on Binance Chain.

BinanceThe project will help channel funds to Uganda for the purchase of sanitary products, which many women lack access to. The first batch of Pink Care Token and sanitary pads is scheduled for delivery in the country in mid-July in Uganda, with the aid of government ministers.

“Pink Care Token is the first social-impact stablecoin issued on Binance Chain. A part of our mission is to promote cryptocurrency adoption, and I think charity is one of the most efficient ways to bring cryptocurrency value to more people,” said Binance CEO Changpeng Zhao (CZ).

Leading blockchain and financial companies that have pledged their support for the initiative include Ripple, Tron, Vechain, Matic, Arrington Capital, and Celer. As the size of the cryptoconomy has grown, delivering outsized returns to its early believers, many supporters within the ecosystem have sought to share their success with the world through altruistic means.

Despite their global nature, crypto assets have yet to permeate many of the world’s most underdeveloped nations, where access to food, shelter, and medicine remain challenges that must be overcome in addition to realising full financial access. Initiatives such as Pink Care Token provide an effective way of helping communities in some of the world’s most impoverished regions while capitalising on the transparency that is one of the hallmarks of the blockchain technology that underpins the industry. All of the funds that are contributed to the project and delivered in Uganda can be tracked on-chain.

Contributors are encouraged to join the campaign by donating at:
https://www.binance.charity/period-poverty

Funds will go towards ending ‘period poverty’ through providing sanitary products for Ugandan women, improving their quality of life and providing a clear demonstration of what the crypto industry can achieve through multilateral philanthropic efforts such as BCF’s Pink Care Token.

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Luno Survey Shows Low Consumer Confidence in Current Financial System

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Low Consumer Confidence

As the United Nations Monetary and Financial Conference celebrated its 75th anniversary on July 1, Luno released findings indicating that consumers from emerging markets have low confidence in the current financial system. The conference, also known as the Bretton Woods Conference, established the financial system we use today in 1944.

The Future of Money Survey

LunoLuno’s Future of Money survey discovered that security is one of the areas of concern in the current financial system. These views were given by 36 percent of respondents from South Africa, 35 percent from Nigeria, and 24 percent from the UK. The other areas of main concern are transparency and economic benefit.

Marcus Swanepoel, CEO of Luno, said: “The survey results show that emerging markets are seeking a change to the financial system which was created 75 years ago. The increase in population, changes to the distribution and inequality of wealth, at a time of tremendous steps forward in technology means that the current financial systems need to undergo another Bretton Woods moment.”

Furthermore, the survey showed that consumers from emerging markets have a more developed understanding, protection, and knowledge of money compared to those from developed markets. This is because they do not have direct access to wealth, the report explained.

Struggling Economies

Although our current financial system was established 75 years ago, many countries are still struggling economically. According to the survey, 27 percent of South Africans and 23 percent of Nigerians felt that their economies were performing poorly. This view was held in rural areas more than in urban areas because the former has inadequate financial systems.

Moreover, 23 percent of respondents in Nigeria and 22 percent of respondents in South Africa said it was challenging for them to send money overseas.

“We have seen little change to the global monetary system over the last 75 years, particularly amongst developed economies where financial institutions have built a system around the transfer of currencies, assets, and commodities which benefit a stable and strong economy. As technology advances, it is important that institutions globally find a way of adopting these advancements, enabling emerging markets to have the same access to money and transfer of assets,” Swanepoel stated.

The survey further revealed that 91 percent of South Africans pay for a personal bank account while 75 percent use mobile banking. Additionally, South Africa had the second highest percentage of respondents that said they invest in products such as mutual funds and stocks.

Luno is a global crypto company that carried out the Future of Money survey to understand the world’s view of the current financial system. The survey questioned more than 7,000 people from South Africa, Nigeria, Italy, Malaysia, the UK, France, and Indonesia.

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Youngest Cryptocurrency Entrepreneur in Africa Leads Education Drive in Ghana

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BlockXAfrica

Ghana and the rest of Africa continue to lack behind in bitcoin usage and adoption. Despite the fact that Ghana led the Google Trends chart for the keyword “bitcoin” recently and continues to be part of the top three on the same chart, the West African nation has recorded very low patronage of blockchain technology.

BlockXAfricaIn light of this, the ​Youngest Bitcoin Entrepreneur in Africa​, Elisha Owusu Akyaw, who started his journey of innovation in the blockchain space at the age of 16 seeks to promote bitcoin and blockchain adoption in Ghana through an education campaign.

The young Ghanaian has made headlines with his work in the industry, being described as the youngest “Bitcoin Entrepreneur” and was listed as part of the ​Top 20 Blockchain Influencers in Africa​ by BitcoinAfrica.io.

Elisha’s education drive will be done under the BlockXAfrica brand. BlockXAfrica is a Ghanaian based blockchain startup that seeks to bridge the blockchain and cryptocurrency education gap through advocacy, collaboration, and innovation.

BlockXAfrica believes that blockchain has a lot of potential in accelerating the development of Ghana, including fixing our financial woes through cryptocurrency usage, checking corruption through blockchain backed record systems, fixing our birth and death registry with blockchain solutions and more.

BlockXAfrica is made up of a group of young people from Ghana with the aim of teaching, advocating and spreading the gospel of cryptocurrencies. The aspiring blockchain advocacy powerhouse intends to do this through strategic educational campaigns and social intervention programs & projects.

BlockXAfrica’s education campaigns seek to enlighten people on the importance of cryptocurrency and its various use cases across the continent while addressing the various cryptocurrency scams that have invaded the industry in Africa which is one of the highest contributing factors to distrust in the technology by promoting tested industry standards.

Aside from education, ​BlockXAfrica​ will also be partnering with local developers to create innovations backed by blockchain technology to solve various social issues in Ghana. What’s more, the company will be donating some of its proceeds to charities across the country, as a way to show the masses how blockchain can change lives.’

BlockXAfrica organised its first meetup during the last weekend and plans to embark on a tour across the country.

The guest post was contributed by BlockXAfrica. 

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