Connect with us

Blockchain Technology

5 Ways Blockchain Technology Can Help Africa’s Development

Published

on

blockchain technology can help Africa

Blockchain technology has garnered substantial global media attention since the beginning of this year. This trend can also be witnessed in the African media landscape who has covered this new technology intensively. In as much as the blockchain may not be the much-awaited savior in all aspects of human life (contrary to what some ‘over-zealots’ preach), there are several features and functions inherent with the technology that can go a long way to better the lives and societal systems of mankind.

In fact, there are several solutions that blockchain technology has to offer, which is desperately needed by the African continent to better the lives of its citizens and to increase the economic and social development of African nations.

Remittances

Blockchain technology through the use of cryptocurrencies or tokenized fiat currency can help reduce and even possibly eliminate the bottlenecks that pertain to traditional money transfer systems. The issue of delayed transactions with platforms such as SWIFT, Western Union, Money Gram and some mobile payment systems can be solved using blockchain technology as it is able to provide higher transaction speed than its peers. With blockchain, thousands of dollars can be sent from one point of the globe to another within minutes or even seconds. Additionally, the costs of these blockchain-based money transfers tend to be significantly lower than traditional systems.

By the end of 2015, it was estimated that yearly remittances of Africans in the diaspora back to the continent stood at a figure of $35.2 billion. The associated cost of these transfers, however, made up about 10 percent of the amount. This meant that a significant amount of those monies ended up with third-party service providers instead of getting to intended beneficiaries. Blockchain-based money transfers should have significantly lower fees and are peer-to-peer, which means that third-party institutions that rake out a significant chunk of the remittance can be eliminated since money can be sent directly from the

Blockchain-based money transfers should have significantly lower fees and are peer-to-peer, which means that third-party institutions that rake out a significant chunk of the remittance can be eliminated since money can be sent directly from the diasporan to his or her beneficiary.

Identity Management

The problem of proper identification and citizen data management seems to be a general debacle with most countries on the continent. Countries like Ghana and Nigeria embark on a regular vicious cycle of public sector payroll purging all in “efforts” to weed out “ghost names”. This issue can be effectively addressed if blockchain technology were to be applied.

Blockchain technology can neither be altered, manipulated nor can its data be erased as such its implementation in solving the issue of citizen identity in Africa seems like a very plausible option that should be considered by governments. By making use of cryptographic hashing and blockchain technology, individual citizens can be identified by a set of codes that will be almost impossible to hack due to the decentralised nature of the technology.

For example, US-based blockchain startup Civic leverage Bitcoin’s public blockchain to deliver identity management solutions for business and individuals. African governments can leverage the services of such players to not only solve their pestering public wage bill discrepancies, but it can be escalated to help address issues of citizen authentication and identification.

The Electoral Process

On a continent where election results and outcomes are often disputed, it is increasingly becoming important to have full-proof electoral systems to help keep the sanity of societies and communities. There have been several instances where disputed election results have led to violent agitations causing loss of lives and properties.

In the last elections that happened in The Gambia, for example, it was observed that voters made use of stones to cast their ballots, a process of this nature may not only be rife with inefficiencies, but it also goes against the ethic of privacy that should generally characterise an electoral process. Voters were expected to drop their stone ballots in containers for aspiring candidates much to the visibility of other voters and officials.

Blockchain’s public and transparent nature can be applied to electioneering just as with the case of citizen identification. Voters will be able to electronically cast their votes faster and results could be collated almost immediately with little or no disputes since the platform is practically immune to manipulation and data on it can be generally regarded as valid because the eligibility of citizens by way of age and other criteria can be assured.

Land Title Registration

The case of land and its attendant ownership issues is an albatross around the necks of most landlords and aspiring land owners in Africa. Blockchain technology comes in handy to help address this challenge and in fact, some African companies like Bitland are already contributing their quota in this regard.

With the power of blockchain technology, Bitland aims to streamline and automate the entire process of land registration to provide a better system of records immune to human manipulations and shenanigans. Bitland helps existing and aspiring land owners as well as other stakeholders with the services of surveying and recording of deeds onto Bitshares blockchain.

Transparent Government Expenditure

Going against the grain of what is popular in the news about crypto-transactions being shrouded in secrecy, more often than not the opposite is the case. Bitcoin transactions are actually available on a public ledger and can be viewed by all. This presents an opportunity for unrivaled transparency and can be translated into the system of governance in Africa.

Being a continent that is plagued with government officials allegedly misappropriating public funds, it would be a milestone for African nations (as well as Western nations for that matter) to introduce blockchain technology into track government spending.

The introduction of blockchain technology into governance would help the ordinary citizen track government spending and know what their taxes are being used for. The blockchain would be able to fight public sector corruption way more effectively than any legislative instrument enacted by parliaments would. Government spending could be followed in real-time and past transactions could be quickly called-up without the need to wait for annual audit statements before resource misappropriations can be uncovered.

Governments across the globe are increasingly off-loading aspects of their operations onto the blockchain and it is only fair and progressive that African governments follow suit for the ultimate benefit of their citizens and posterity.

Blockchain Technology

Women in Blockchain: An Interview with Blockchain Association of Kenya’s Roselyn Gicira-Mwangi

Published

on

Women in Blockchain

On June 22, 2019, the Blockchain Association of Kenya (BAK) elected a new chairperson during its AGM. Bitcoin Africa talked to the newly elected chairperson, Roselyn Gicira-Mwangi, to understand what the association has accomplished so far, what she plans to achieve as chairperson, and about women in blockchain.

BAK Achievements

Blockchain Association of KenyaSince it was registered in 2017 as a non-profit, the Blockchain Association of Kenya (BAK) has played a big role in catalysing the largest Kenyan community and network of people working in the blockchain space. According to Gicira-Mwangi, this is one of the achievements that is the “foundation and catalyst of everything that is happening regarding blockchain in Kenya and East Africa.”

BAK has been an inspiration and role model to other blockchain communities and networks in Zimbabwe, Nigeria, Rwanda, and Uganda. Furthermore, the association has grown its non-profit brand through the commitment and help of its community and network.

Current Projects

Through the guidance of a two-year strategic plan, BAK is currently working on several projects to promote blockchain awareness, adoption, and to expand the blockchain community.

“We are creating linkages with strategic partners to roll-out educational programmes for the public. The programmes will span from simple understanding and application of blockchain technology to actual courses for developers. We are also positioning the BAK as a platform to highlight all our partners’ activities to make it easy to plug into events whenever is convenient for them,” Roselyn said. “To get there, first we are working to get representatives in the different regions of the country to enable seamless representation for all Kenyans. This will lead up to a Blockchain summit at the end of the year hosted in one of these regions,” Gicira-Mwangi told BitcoinAfrica.io.

The association is reassessing its constitution and charter as it strives to grow its leadership, advisory, and board structure. A membership recruitment process for institutions, corporations, and individuals will follow this reassessment.

To support blockchain adoption, BAK has established working group forums to extract feedback and suggestions on how emerging technologies such as blockchain can drive development in the country at both levels of government.

Women in Blockchain

More than 50 percent of the people that reach out to BAK for a wide range of reasons are women, Gicira-Mwangi stated. As a woman in the blockchain industry, she believes that the diversity of players in any sector is crucial.

“My personal experience with Kenyan women is that they are keeping up with changes in technology and are keen to get a grasp on the future technological advancements and its impact on their lives. Women are also great networkers because they talk to each other about trends and events. Every other day, I get more women who want to be taken through Blockchain, its implications, and benefits,” she added.

Currently, women in Kenya are holding a wide array of positions in blockchain companies. They are trading and investing in cryptocurrencies, and increasing blockchain awareness to the people within their circles.

Future Plans

In anticipation of the rising demand for blockchain developers in the coming years, Roselyn plans to lead BAK in promoting the training of professionals in this line of work. Furthermore, collaborating with other regional blockchain organisations is another item on her to-do list during her term. Such partnerships could be used to promote blockchain awareness, increase blockchain innovation, and implement blockchain projects.

Gicira-Mwangi is passionate about emerging technologies and formerly worked as a programme officer at UN Women East and the Horn of Africa for eight years. Besides heading BAK, she is the director of Azuri Blockchain Consultants, a firm that connects investors with blockchain startups.

Continue Reading

Blockchain Technology

Blockchain Game Gods Unchained Secures New Game Director and Introduces Debit Card Payments

Published

on

Blockchain Game Gods Unchained
Image by godsunchained.com

Blockchain card game Gods Unchained has added Magic: The Gathering Arena Game Director Chris Clay to its team and introduced debit card payments. These two decisions aim to drive the game closer to mainstream appeal.

Experience and Achievements

Clay’s experience of more than 20 years in design and game development will be valuable to his new position as game director at Gods Unchained. His task entails prioritising visual designs, new features, and supporting community experience.

In his previous role at MTG Arena, Clay brought on-board three million active players and more than one billion games were played. According to a report by Dot Esports, MTGA – a digital collectible free-to-play card game published by Wizards of the Coast – grossed around $225 million.

Currently, Gods Unchained is the top-selling blockchain game of the year and with Clay’s help, the game could reach greater heights and attract traditional players.

“I believe blockchain represents a new frontier for game developers. Digital asset ownership on the blockchain lets developers support games and their communities in ways we have never seen before in electronic gaming. […] Blockchain is not just for digital currency; it is laying the foundation for a whole new digital economy,” Clay explained.

Game Payments

As an Ethereum-based esports game, Gods Unchained has been allowing its community to purchase booster packs using ether. Users now have an alternative payments option of debit cards. This move could help the game to reach a wider audience by appealing to traditional players.

“To date, blockchain games have provided a niche group of individuals a fun and experimental game ecosystem of NFTs. But now is the time for mainstream adoption. We need these games to show value, and we do not want ‘blockchain’ to sit as just another buzzword. Gods Unchained will become a game that any person can play, regardless of their blockchain familiarity. And the fun of the game will not be predicated on the underlying tech,” stated Gods Unchained co-founder Robbie Ferguson.

In a press release, Gods Unchained announced the rebranding of Fuel Games to Immutable. Immutable is the creator behind Gods Unchained.

Last month, Gods Unchained launched its beta version enabling more players to experience blockchain-based gaming. The game also debuted its gameplay trailer in 2018.

If you are into blockchain gaming, check out our guide to the best blockchain games in 2019.

Continue Reading

Blockchain Technology

Kenya’s Blockchain Taskforce Releases DLT Implementation Strategy for Kenya

Published

on

Kenya Blockchain Report

Kenya’s Blockchain and AI Taskforce released its first report to the public since the ICT Cabinet Secretary Joe Mucheru launched the body in 2018. The report depicts an implementation strategy for the adoption of these two emerging technologies that will steer Kenya to the fourth industrial revolution.

Implementation Strategy

Kenya Blockchain ReportThe report, titled Emerging Technologies for Kenya: Exploration & Analysis, has stipulated an implementation strategy based on blockchain technology and AI that will solve challenges such as financial exclusion, corruption, high public debt, inefficient public service delivery, food insecurity, and high transaction costs.

Furthermore, the report will guide the government in attaining the Big Four Agenda, which encompasses affordable housing, food security, manufacturing, and healthcare.

The Chairman of the taskforce, Bitange Ndemo stated: “I am confident that this report will guide policymakers in their efforts to stimulate an efficient and resilient economy with respect to the digital transformational technologies, especially with the realisation of the Big Four Agenda.”

Some of the implementation strategies are as follows:

  • Digital Asset Framework

The Blockchain and AI Taskforce has proposed a digital asset framework that will guide companies wishing to list a cryptocurrency on an exchange. According to the report, the Capital Markets Authority (CMA) is looking into how to regulate initial coin offerings (ICOs) by using the authority’s legal framework and the forthcoming regulatory sandbox.

The digital asset framework is meant to help small and medium-sized enterprises that are unable to raise capital through IPOs to have the alternative of using token sales.

  • Digital Currency

The taskforce had earlier announced its proposal for a Central Bank Digital Currency (CBDC), which would facilitate financial inclusion and low-cost transactions.

With 90 percent of Kenyans already using mobile money, credit cards, and bank transfers to make transactions, adding a CBDC to the existing digital economy could be a seamless process.

To introduce a digital currency in Kenya, the taskforce acknowledges that the country first requires a regulatory sandbox and the tokenisation of government fiscal operations.

  • Tokenisation

Another proposed strategy is the tokenisation of the economy which could help to solve unemployment issues. The unemployment rate in Kenya is one of the highest in the world and the taskforce envisions a platform where work is exchanged for tokens to tackle this issue. Service providers will use the platform to build a work marketplace, store data, and manage transactions.

The Ajira Program, an initiative created to enable more Kenyans to work online, will adopt this proposed strategy. Using the Ethereum platform, Ajira will offer inter-person and inter-service settlements and payments. The initial stage of creating the Ajira platform is ongoing. A flagship service called Ajira Machine Learning (AML) is currently running on this platform. The AI-based service links crowd workers to digital tasks.

AML offers human language interfaces in African languages and pays people for teaching the AI to translate these languages.

The Chairman of the blockchain taskforce, Bitange Ndemo, had mentioned in an interview with BitcoinAfrica.io the need to tokenise Kenya’s economy. In addition, he had observed the importance of helping Kenyans to understand this process.

Target Implementation Areas

blockchainSome of the target implementation areas for blockchain and AI include the Ministry of Lands, Huduma Centres where important documents are issued, and the Ministry of Transport.

In the Ministry of Lands, illegally duplicated title deeds are a common issue. With blockchain technology, the land titling process will become transparent and secure.

Moreover, the blockchain will enable Kenya to build an efficient public service delivery system where digitised documents are sharable between various government offices and where Kenyans can trace the payments they make for services.

The Ministry of Transport can build a public transport model based on a sharing economy. This model is then built on a blockchain to ensure that all relevant stakeholders in the transport sector are part-owners and that everyone benefits.

“The Organisation would determine which participants would form part of the networked nodes that would run the validation software as well as the consensus mechanism. Typically, the network of participating nodes would include stakeholders with specific roles and mandates within the ministry and across the transport sector,” the report reads.

The taskforce believes that the proposed strategies and solutions in this report will propel Kenya’s economic development. Additionally, the ICT CS Joe Mucheru illustrates his commitment to have the entire contents of the report executed and to gain the backing of all stakeholders in making these recommendations a reality.

Continue Reading

Popular Posts