On May 23 and 24, 2018, Uganda was host to the Africa Blockchain Conference. The event succeeded in bringing together a mix of blockchain entrepreneurs, policymakers, academics, cryptocurrency enthusiasts, and investors to discuss opportunities and use cases for the blockchain in Africa.
The event was held at the Kampala Serena Hotel Conference Centre and was organised by the Blockchain Association of Uganda in partnership with the Binance Foundation, Uganda‘s Ministry of ICT & National Guidance and CryptoSavannah.
The Potential for the Blockchain in Africa
The conference began on the morning of May 23 with a registration and networking session amidst tight security. Delegates were seated by 9am for a welcoming address from Kwame Rugunda, the Chairman of Blockchain Association of Uganda.
He proceeded to welcome the first keynote speaker Euvin Naidoo, the Head of Financial Institutions, Thomson Reuters. Naidoo‘s talk was focused on blockchain technology and the 4th Industrial Revolution disruption.
He defined blockchain technology as “trust that is distributed” and said that the blockchain is trying to solve the Byzantine’s generals problem. Naidoo explained that with distributed ledgers the issue of double counting was solved by algorithms and computing power. According to him, the rise of decentralised technologies would complement the use of firewalls since protection is in a distributed format.
Most importantly, Naidoo explained what IoT (Internet of Things) would mean for the future. “We are in a world of the Internet of decentralized autonomous things. The Internet of Things is growing exponentially and with that KYM (Know-Your-Machines) becomes more important to establish trust between machines,” he stated. He asserted with the advent of IoT, KYC (Know-Your-Customer) and KYM was important to scaling the Internet of Things.
In closing, he summarised that blockchain technology would usher in trust and make local systems more efficient. He added,
“In the old world, the big fish ate the small fish in the new world the fast fish will eat the slow fish […]. We are in the world of the agile thinker.”
The second keynote address was from Dr Bitange Ndemo, the Chairman of the Kenya Blockchain and AI Taskforce. Ndemo expounded on the role of blockchain technology in Africa’s transformation. He set the tone of the conference with the proclamation “Nobody can develop Africa but Africans.” A sentiment that was shared by other speakers and panelists. He explained that blockchain technology would streamline supply chains to reduce food waste in the continent, build a vibrant creative economy, create wealth, make governments more efficient and reduce corruption.
“Blockchain works well to eliminate the middlemen,” he asserted. Ndemo also mentioned that Kenyan authorities were working to build a trusted identity platform for government agencies to make it easy to identify and share information about citizens.
His speech gave way to a panel discussion on how blockchain is changing government and business in Africa. The two keynote speakers were included in the panel alongside Christoper Bates, CSO of BitLand, Louise Wigget, Executive Director at Global Trade Solutions, and Leonardo Gammar, CEO of Agora. The panel discussed the need for African solutions for African problems by drawing on blockchain use cases from their respective fields and industry.
According to Ndemo, blockchain technology could democratise government data and promote transparency thus leading to trust between governments and their people. Naidoo reiterated the same reminding the audience how the public lost faith in financial institutions after the 2008 economic crisis, but blockchain technology could change that by offering people more control over how their data is disseminated and used.
The Panel discussion was interrupted by the arrival of two distinguished guests: the President of Uganda, H.E President Yoweri K. Museveni and Ameena Gurib-Fakim, the former President of Mauritius. They were welcomed by the Chairman of the Blockchain Association of Uganda and the agenda shifted to opening ceremonies with Uganda‘s Minister of Communication, Frank Tumwebaze, making remarks before inviting Emmanuel Tumusiime-Mutebile, the Governor of the Bank of Uganda onto the stage.
The Central Bank of Uganda Excerises Caution
With many in the audience eager to hear the central bank’s position on cryptocurrencies, the governor’s speech was a repetition of the negative stance taken by most regulators in Africa and across the globe. He lectured the audience on the basics of money and economics then went ahead to clarify the Bank’s position on cryptocurrencies stating: “Money is a medium of exchange, a measure of value, a store of value … it will be risky to invest in cryptocurrency that is unregulated and undermines the role of central banks.“ He insisted that cryptocurrencies to not have the privilege of a legal tender and anyone investing in them was doing so at their own risk.
His comments seemed to dampen the mood for delegates who were hoping for positive news from policymakers regarding the use of cryptocurrencies. However, the next keynote speaker Frank Tumwebaze, the Ugandan Minister of ICT, took a more reconciliatory tone and announced the setting up of an advisory task force to review the benefits of blockchain technology and cryptocurrencies. Tumwebaze reminded the policymakers that if they ignored technology, others would take it up and it would end up disrupting them.
“The task force will explore the advantages of (blockchain) technology as well as assess the challenges and advise the government on how to harness fully the opportunities, and how to mitigate the challenges….and you can be assured the view of the governor will be and must be represented on this task force,” he stated.
His speech was followed by a keynote address from former president Ameenah of Mauritius, who gave a useful case study of blockchain technology being used to identify and keep records of plant varieties.
Uganda‘s President Endorses the Blockchain
Finally, President Museveni took to the podium and gave a differing opinion to that of his Central Bank Governor. He dismissed the governor’s old school of thought as irrelevant in this day and age but instead encouraged him to be “inquisitive and not be dogmatic.”
His positive sentiments were well received by the audience and would become the greatest highlight of the conference. Museveni proceeded to explain the development of money from its rudimentary form thousands of years ago to the present fiduciary system controlled by central banks. He likened blockchain technology to the cooperative movement, where people work together for a common goal and anyone who breaches the group’s trust is expelled.
He gave an example of how the cooperative movement in Uganda failed because the few who had the knowledge took advantage of the many who were illiterate. However, with the blockchain, all participants in the movement would be equally knowledgeable and thus have a stake in the platform. While he acknowledged the Governor’s cautionary approach to digital currencies and admitted the need for further discourse. He believes the convergence of blockchain technology in areas such as food production, manufacturing, service industry, etc. would be useful.
“Blockchain technology will go a long way in providing important solutions to record management in areas of land, finances, revenue, health and public,” President Museveni stated.
He believed Africa was ready for the digital age. With those few remarks, the president officially opened the conference amidst applause from delegates.
African Blockchain Use Cases
The afternoon programme had presentations on use case demos from InfiniChains and Blockchain Technologies Africa on their track and trace solution to prevent counterfeit drugs in Uganda. Another interesting use case was from Bitland, who are using blockchain for land titles registry in Ghana and Mauritius and looking to enter the Ugandan Market. Bitland CSO, Christopher Bates stated, “Bitland is a land registry application on blockchain that maintains immutable decentralised and distributed land records.”
There was also a keynote address from Urs Arbischer, Swiss Impulse, focused on the opportunity for Africa on the global economy. He stressed that for blockchain projects to succeed in Africa they would have to find sustainable ways of funding. Ultimately, Arbischer believed that education would also play a crucial role if the blockchain revolution is to succeed in the continent.
“In order to make Africa successful, we need to create a mentoring and coaching infrastructure for the next wave of entrepreneurs.”
The day came to a close with breakout sessions involving speakers and panelists discussing various topics and networking amongst themselves. There was also a pitch competition organised by Binance Foundation and CryptoSavannah and moderated by Aggie Konde, CEO of Msingi.
Kwame Rugunda, the Chairman of the Blockchain Association of Uganda, shared his thoughts on the conference at a press briefing:
“I would like to encourage us to take keen interest and learn as much as possible (from international experts) even when they are no longer here we can continue to share the knowledge with others, on top of sharing it, we can apply it because blockchain has numerous applications.”
Blockchain Regulations and Crafting Policy
Day two of the conference had a number of notable keynote speeches and panel discussions centered around blockchain regulations and how the technology is being applied on the continent.
Among them was a keynote address from Llew Claasen, Executive Director of the Bitcoin Foundation, which was focused on demystifying blockchain, bitcoin, and cryptocurrency. He admitted while cryptocurrencies and blockchain technology had many beneficial uses the reality was with any emerging technology they would always be potential for misuse. He gave an example of regulators in the US who are clamping down on cryptocurrencies and ICOs on the basis of the potential dangers and ignoring the achievements so far.
“What we are fighting for all the time is to say to regulators around the world, just wait! Just be patient we don’t even know what this stuff is ourselves,” he stated.
“Half the world population cannot be served by the current financial system. Blockchain gives us more option” he added. His sentiments were echoed by Alexia Hefti, Blockchain Tax Lead, Deloitte Canada who gave a talk on setting up the right regulation for a successful blockchain ecosystem.
She was of the opinion that we need legal frameworks that promote cryptocurrency and blockchain innovation but allow protection of consumers. Hefti gave examples drawing from her experience in the cryptocurrency space as a tax and regulation expert of countries that have come up with ways to govern digital currencies, ICOs and blockchain development without slowing down their progress. She stressed how regulatory sandboxes have been useful in a number of countries in helping regulators map out legal frameworks for blockchain technology.
The discussion moved to a panel on regulation, tax, and policy that included a number of experts in the financial, legal and blockchain space.
Roland Haggins, Director, CARICOM, Barbados said: “Some regulators are taking a wait and see approach to not doing anything, that creates regulatory uncertainty, which is not necessarily good for these companies, businesses, and foundations. But some jurisdictions….have taken the lead by being agile and very vocal, they want to attract these businesses to their jurisdictions and as a result, they are receiving foreign investment and providing jobs.” he asserted.
In her contribution to the panel, Hefti also stated: “I think what is important from a Ugandan perspective when it comes to regulation…which area are we going to regulate? Trying to regulate every area makes no sense, are we going to be the country for crypto exchanges, are we going to be the country where ICO’s will occur in Africa, are we going to be the country for funds, where are we going to focus?”
Ultimately, the panelists agreed that self-regulation would be a first step towards allowing the markets to mature before establishing more structured legal frameworks.
Pitch Competition and Guest Speaker
As the conference drew to a close the winners of the pitch competition where announced by representatives from CryptoSavannah and Binance. The winner of the competition was Hilina Damte of G&H blockchain who walked away with a $5,000 cash prize. This was followed by a highly anticipated speech from Changpeng Zhao, Founder, and CEO of Binance, a leading cryptocurrency exchange worldwide and official sponsor of the event.
His talk was focused on what blockchain and cryptocurrencies can do for developing nations. He gave an example of how the sponsorship payment for the conference was done in cryptocurrency and transferred across a blockchain and received in good time by the organisers and at low cost. He joked if the same payment was made using banks perhaps the funds would not have arrived by the start of the conference.
Zhao took the audience through the Binance crypto exchange and some of its new initiatives that are being rolled out. He voiced his support for ICOs as means for raising funds for local startups and promoting technological development in Africa. He encouraged regulators in the continent to come up with favourable rules to promote this alternative means of funding citing countries where proper legal frameworks were drawing startup projects from around the globe to those locations.
On what Binance’s aims to achieve in the long run, Zhao said:
“We believe that giving people access to cryptocurrency increases every individual’s freedom.”
With those remarks, he invited questions from the audience and later from the press in attendance. The conference closed with speeches from Mr Patrick Mweheire, CEO Stanbic Bank and Chairman of the Uganda Bankers Association and Hon. Frank Tumwebaze, Minister of ICT.
If you want to listen to any of the event‘s key speeches, you can relive the livestream here.
Women in Blockchain: An Interview with Blockchain Association of Kenya’s Roselyn Gicira-Mwangi
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.
Since 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.
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.
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.
Blockchain Game Gods Unchained Secures New Game Director and Introduces Debit Card Payments
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.
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.
If you are into blockchain gaming, check out our guide to the best blockchain games in 2019.
Kenya’s Blockchain Taskforce Releases DLT Implementation Strategy for Kenya
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.
The 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.
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.
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
Some 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.
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