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mCoin: An Inclusive Cryptocurrency That Can Be Accessed Without Internet

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mCoin

The London-based technology company ONEm is launching mCoin, a new cryptocurrency that can be accessed outside the scope of the Internet. The digital currency aims to reach billions of people around the globe through offline channels, such as mobile phones, and is powered by ONEm’s global and scalable platform.

An Offline Cryptocurrency

mCoinONEm‘s mCoin is a digital currency that is based on the original bitcoin blockchain. What makes it unique, however, is that it will allow people with limited or no access to the Internet to take advantage of blockchain services. Users can open SMS virtual wallets where they can store, send or receive mCoins offline using a mobile phone. The cryptocurrency can be traded through SMS messages or USSD codes which is fairly uncomplicated when compared to online trading on peer-to-peer exchanges, according to the company.

Since users will be accessing mCoin offline, they can enjoy an extra layer of security against threats of hacking and malware. In addition, the cryptocurrency will be integrated to existing ONEm social and business applications like Sweb, Market Place, mCatalogue just to name a few, which rely on Internet, SMS or Voice messages. However, the biggest innovation would be the ability of people to mine mCoins offline.

Mining is is the process through which network participants contribute their computing power to verify and process transactions on a cryptocurrency network. Mining is necessary to keep the network secure and operational. For their service, miners are rewarded with new coins for their effort. This is usually done online through specialized mining hardware or in the case of some coins, through CPU’s. mCoin operators plan to roll out ‘pseudo-mining’, which is a proof of work that enables people to earn coins through activities they perform on the ONEm platform.

ONEm’s African Focus

Founded in 2012, ONEm is a technology company that has developed a platform that provides interactive access to information and content through SMS and voice. The company aims to establish its presence in Africa by solving some of the common challenges faced in the continent. These include connecting people who have no access to financial services, providing information sharing services that have previously been out of the reach of many, and improving the user experience when accessing digital services.

Since SMS is a standard feature for nearly all mobile devices, mCoin expects to scale rapidly through a large volume of users and leveraging strategic partnerships. The platform has partnered with Mobile Network Operators (MNOs) in Africa to deliver interactive SMS and Voice services that can allow people to access news, podcasts, and information by simply typing a shortcode. Small enterprises can benefit from a digital currency that allows them to access new markets and an easier way to receive payments.

In addition, users can use mCoin to participate in loyalty and purchasing schemes in the ecosystem without the need for a smartphone, just a simple text or audio message. Interestingly, African governments and local organisations can make use of mCoin’s underlying SMS accessible blockchain technology to provide valuable services for people who may not have access to online services.

Christopher Richardson, the CEO of ONEm states in press release,

“It is exciting to see so many people who share in our vision for an inclusive Cryptocurrency outside of the domain of the Internet. People from all over the world are participating in mCoin Pre ICO and taking advantage of the attractive bonus packages now available as they see tremendous high growth potential of a cryptocurrency that can reach this very big un-tapped market”

Blockchain Technology

eCampus Integrates Blockchain Technology in Its Latest Update

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eCampus

The eCampus app has integrated blockchain technology in order to allow students across Ghana to ascertain how prepared they are before taking an examination.

This latest update is designed to honour the memory of the past United Nation Secretary Kofi Annan and his positive involvement in the educational sector.

What is eCampus

The eCampus app is an education-focused mobile app, making use of blockchain technology, artificial intelligence, and machine learning to help students learn and prepare for upcoming exams. This is done using a rewarding, fun and responsive interface.

The lasted updates to the 3.0 version of the app include:

  • Blockchain Integration
  • Test Prep
  • Course Suggestions
  • Lab

Blockchain Integration

blockchainAccording to a blog post by eCampus, the blockchain Integration on the app makes it possible for app user to gain points from the general usage and interaction on the app. These points are expected to be exchangeable for service or products offered on the app.

Furthermore, certification can be generated using the points received on the app. The certificate is usually in form of a digital badge. This badge, in turn, can be used to secure employment outside the app.

Test Prep

The app makes it possible for a student to prepare for various national exams by letting them know how well prepared they are to take on such an exam. This is made possible using the test prep feature on the app. All that is required by the student is to select the type of test that intend to take and the app provides them with a test matching the examination.

Course Suggestion

For a student struggling with the choice of courses to undertake. The latest version of eCampus also possesses AI features, making it possible for it to suggest courses which are relevant to the students based on the profile of such student.

Labs (Beta)

This feature incorporates the use of virtual reality technology to help students explore numerous laboratory tests connected to their field of study.

eCampus version 3.0 is available on Google Play Store, Apple App Store, and Windows App Store.

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Blockchain Technology

Block Commodities and Pure Grow Africa to Launch First Crypto Project for Ugandan Farmers

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crypto project for Ugandan farmers

Block Commodities, a commodity trader operating in Africa, has announced a partnership with Uganda-based Pure Grow Africa to launch the first crypto project for Ugandan farmers. 

The Pilot Ecosystem

Block Commodities Limited, a London NEX exchange-listed company whose objective is maximising value through the blockchain ecosystem, has announced a partnership with Pure Grow Africa Limited (Pure Grow), a leading supplier of high-quality agricultural products based in Uganda. Block Commodities and Pure Grow are working together to bring the first pilot of a food project commodity cycle ecosystem.  

UnbankedPure Grow Africa, started in 2015 and focuses on promoting communities to sustainable agri-business and agro-value chain development. It supports farms in Africa by embracing modern technologies and applications to promote economic growth as well as creating community awareness and shared values. Farmers who are with the company strive to keep to the highest standards of food safety, environmental and sustainable policies. To start, Pure Grow will introduce 1,000 farmers and buyers to the Pilot Ecosystem.

Block Commodities will implement and support the ecosystem by providing finance and fertiliser products, as well as supplying the technology.

It will also coordinate loans in cryptocurrency – in the form of Dala tokens – for the already selected team of farmers, according to a company press release. This loan will provide the farmers with cash to purchase fertilisers cheaply and with better repayment plans, which will then enable the farmers to increase the production as well as to scale up and become commercial.

The Food and Agribusiness

Pure Grow’s Director Bobby Juuko Kimbugwe, said: “We are placing smallholder farmers at the centre of our work; they are at the core of what we do. We want them to understand that they do not need to have money in their hands to be able to grow production. Block Commodities is the ideal partner to support growth in African farming.”

Chris Cleverly, Executive Chairman at Block Commodities added that he was delighted about the partnership and hopes to support small-scale farmers and advance the ecosystem.

According to the African Development Bank, the food and agribusiness market is estimated to reach a value of one trillion dollars by 2030. Therefore, highlighting the great opportunity for African agriculture to become a leading player in this market. 

If the pilot phase succeeds, Block Commodities and Pure Grow will introduce the scheme to 50,000 more Pure Grow farmers. Further plans for the project are to expand and cover other countries in sub-Saharan Africa in due time.

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Blockchain Technology

Top Five EOS DApps

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EOS Dapps

Since the EOS blockchain went live in June 2018, a number of EOS DApps (decentralised applications) have been released.

A decentralised application (DApp) is an application that runs on a peer-to-peer network of nodes that confirm transactions and support the network without a central party exerting control over the application. In this article, we will look at five promising DApps that have already been launched or will launch on the EOS blockchain soon.

EOS is a third-generation high-performance blockchain, supporting over 4,000 transactions per second. This high throughput makes the EOS blockchain scalable and enables it to support millions of transactions with zero transaction fees.

Everpedia

EOS DApps

Everpedia – based on Wikipedia – is as an encyclopedia on the EOS blockchain. Already, it is the largest English encyclopedia in the world. The applications incentivises people to appreciate and share knowledge, just as easily as they would on Facebook through the EOS blockchain. 

To learn more about Everipedia, have a look at https://everipedia.org/

ONO

ONO is a decentralised social media application that rewards users for quality content. The platform also ensures through its ecosystem that its users have a secure space to share insights and highlights of their personal lives. The most important feature is that users own their data and ads are optional for viewing on the platform.

Read more about the ecosystem on https://www.ono.chat/en/

Unico

Unico will allow its users to digitise items in a bid to make them collectable and tradeable. This will be possible through the creation of a digital certificate and using “licensing-as-a-service”. To every item with a digital certificate, a set number of tokens will be issued to ensure the item’s rarity and value, and also to enable users to buy, sell and trade their collectables.

Find out more on https://www.unico.global/

Scatter

Scatter aggregates your logins so that as a user, you do not have to use multiple logins to the various EOS dApps. This is an offer of security, personal data ownership, and convenience, as no user has to keep track of the passwords they are using and they will be able to interact with different applications as per their consent.

Scatter will support various blockchain protocols for a robust ecosystem and best of all, all these features are available for free on https://get-scatter.com/

Carmel

Do you want to learn to develop applications on a blockchain, but do not have a background in Computer Science? Do you feel that you need more technical skill for your future career? Carmel is an ecosystem built to empower people with skills in coding without requiring them to have previous academic experience in Computer Science.

The platform will enable learners to build websites, mobile apps, and other applications essential to users in the blockchain ecosystem. https://carmel.io/

It will be exciting to see the change in reach and impact of some of these projects in the coming year as the EOS blockchain ecosystem continues to grow and more users adopt the network and its applications. 

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