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An Interview with EOS Nairobi: “We Believe that EOS is the Most Appropriate Tech for Our Community”

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EOS Nairobi
Image by EOS Nairobi

Bitcoin Africa had the opportunity to sit down with EOS Nairobi’s Daniel Kimotho, George Mosomi, and Felix Macharia for an exclusive interview to discuss the projects they are currently working on and their vision for EOS in Africa.

Daniel Kimotho, EOS Nairobi’s Community Lead, has a background as a business and web developer (BBIT), and he has co-founded the First Nexus Company that aims to provide solutions for companies embracing emerging technologies for their businesses.

Felix Macharia is the Head of Operations, having his background in entrepreneurship and scientific research. He and Daniel are both co-founders at First Nexus, and both are researchers affiliated with the Institute for Blockchain Studies, based in New York.

George Mosomi is EOS Nairobi’s Chief Technology Officer. His background is in strategic consultancy. He is the co-founder of Capitally Blockchain, a firm that consults with companies on adopting blockchain technology.

Why Did You Decide to Launch an EOS Community Instead of, say, an Ethereum, Waves, or IOTA Community?

We found that EOS would offer greater support for decentralised applications, which could be built to enhance business and commerce through such applications. Each of these mentioned platforms has ushered in a new frontier of technology that was the best advantage in its time, and we believe that EOS is the most appropriate tech for our community currently.

What Projects Are You Currently Working on?

There are four projects; addressing health, traffic fine management, art, and enumeration.

The project on health aims to incentivise holistic living by awarding the Health Wealth token for goals attained by community members. The founder of this initiative is Jason Kunga, who founded the “Back to Nature” movement.

Joshua Nyaga has proposed a solution to incentivise efficient traffic offence management. The DApp will connect the traffic, legal system and motorists such that an offending motorist upon determination of the offence will be able to log in, accept the charge as legally prescribed, and pay a fine, out of which a 20 percent commission will go to the reporting traffic officer. This is set to promote safe driving, reduce corruption and increase efficiency in traffic offence management.

Amos Mburu proposed an art project to provide a secure platform for artists to earn directly from their clients, while significantly reducing the risk of piracy through smart contracts that create digital signatures for the art pieces, thereby ensuring each artist earns rightfully from their work.

Amos Mburu has proposed a project that seeks to leverage blockchain and graphene technology to afford effective mechanisms to identify, capture pertinent data, and enumerate people as per their geographic areas. Normal census mechanisms can be affected by bias, harsh terrain and adverse weather conditions in certain regions. If, however, other mechanisms, such as mobile proliferation are leveraged, it is possible to reach more people accurately.

What is Your Plan for EOS Nairobi?

EOS Nairobi

The EOS Nairobi community is set to grow steadily through its educational and incubator program whose main aim is to build capacity and develop skills among software developers, entrepreneurs, and people who are ready to take advantage of blockchain technology for business development. The demand for such skill is already quite high across various sectors, so EOS Nairobi will aim to bridge that gap.

This incubator initiative is being facilitated in partnership with Techno Brain and Strathmore University, as the partnerships in that initiative are vital in creating an enabling ecosystem for businesses leveraging blockchain technology.

As more companies and businesses seek alternative means of financing, such as digital tokens, as seen in the last year with billions of dollars raised in initial coin offerings (ICOs) or token generation events (TGE), it is evident that there is need to ensure proper mechanisms and standards are put in place to ensure that these businesses deliver sustainable value, otherwise, there is risk of businesses collapse post ICOs and monetary loss.

EOS Nairobi plans to develop a framework in partnership with other organisations to consult, guide and benchmark best practice for businesses seeking to raise funds for operations and scaling through token generation events. Two such projects are underway.

What Role Can EOS Play for Africa?

EOS, as an open source technology platform, is a powerful decentralised infrastructure. Its core vision is to secure life, liberty and property. Among its core principles is the value of community, and one of Africa’s unique strengths is that of community. In any African country, one cannot miss a sense of community. You are, therefore, likely to find people innovating solutions based largely on community needs. Furthermore, questions on property ownership and inheritance are quite sensitive in Africa. EOS can play a significant role in propelling technological innovation for Africa’s communities to secure life, economic liberty, and property ownership.

Moreover, EOS can open up the next frontier of social enterprise initiatives, as it would be easy to track results and impact quite efficiently. EOS offers a high transaction rate per second, 10-100,000/sec; easy-to-use interfaces for people, no transaction fees and it provides for scalability to support all those transactions on the network. EOS has the potential to spark a multiplier effect for development, social transformation and social impact in Africa.

As these innovations come up and their impact is assessed over time, it is likely that Africa’s developmental potential will be significantly opened up for generations to come, because as it begins with the youth and first adopters, it will be unstoppable.

What Are Your Thoughts on EOS for the Future?

EOS as a project is set to launch the next frontier of technological development globally. Much in the same way that with improvement in internet accessibility and upgrades from 2G to 4G and now 5G, we were able to see the evolution of technology from email, to search engines, to mobile applications and now IoT being applied to multiple industries seeking to improve communication, security, manufacturing output, efficiency, leisure and other goals, we will see progressive evolution of innovation and initiatives for commercial and social impact.

EOS will be a gateway for innovation, increasing awareness of needs, problems, and potential solutions.

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Blockchain Becomes Discussion Point on Nigeria’s 2019 Political Agency

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Blockchain Becomes Discussion Point

Nigeria’s People’s Democratic Party (PDP) presidential aspirant, Atiku Abubakar, has announced his intentions to develop a blockchain and cryptocurrency policy in an attempt to boost the country’s international competitiveness in this new technological field.

Presidential Candidate Wants Blockchain Policies for Nigeria

buy bitcoin in nigeriaAtiku Abubakar’s highly optimistic manifesto, Let’s Get Nigeria Working Again, stated his desire to build “a knowledge-based economy in which a highly developed ICT sector, with wide applications in commerce, education, health and other areas of human endeavour, plays a significant role.” One of the areas he thinks will play a vital role in achieving his plans is the cryptocurrency and blockchain industry as he outlined in his 2019 policy document.

If elected, he wants to create “a comprehensive policy on blockchain technology and cryptocurrencies by the relevant government agencies.” However, the document does not provide any clue as to what the policy will contain except that he believes regulating cryptocurrencies can offer job opportunities for the Nigerian people and income for his government.

“According to the policy plan he laid out, a planned blockchain and cryptocurrency framework would be looked into by the administration. To what end? We can’t say for now…but the blockchain community believes it’s a step in the right direction. We have been broadly unregulated in the space in Nigeria,” Munachi Ogueke, co-founder of Nigerian start-up Cryset, told ITWebAfrica.

Ndubuisi Ekekwe, a prominent Nigerian professor and technologist, had also made a case for a cohesive roadmap for the blockchain. He explained that Nigeria could deploy the distributed ledger technology for the development of the nation. “It would be locally-flavoured focusing on areas where these technologies could help the nation,” he explained.

Many other African countries, like Kenya and Rwanda, have developed something close to a roadmap. Earlier in the year, the Kenyan government constituted an 11-member task force to explore the use of distributed ledger technology and artificial intelligence. The 11-member task force developed a roadmap and proposed creating a digital asset registry and a digital currency for the country.

Drop in Trading Volumes Should Not Deter Policymakers From Embracing the Blockchain

Cryptocurrency trading, which became significantly popular in Nigeria in 2017, has begun to lose its steam moving alongside the drop in the price of bitcoin. Leadership.ng reported that local trading volumes dipped to N1.08 billion in the second week of November. That is the lowest volume since September 2017.

Though prices of cryptocurrencies and trading volume have gone into a free fall, that should not deter the Nigerian government from embracing digital currencies and their underlying technology. Governments all over the world are still exploring the use of blockchain in specific industries and have started to develop regulations that encourage innovative solutions and can help guide the development of this nascent industry.

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5 Ways Blockchain Will Transform the Gaming Industry

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In the last decade, we have seen the gaming industry being rapidly transformed by the introduction of new technologies which allow for immersive experiences, such as AI, VR, and AR. However, one of the latest of these emerging technologies — blockchain — is set to redefine the future of gaming by turning what has been seen as a leisure activity into a potential economic endeavour.

In this respect, blockchain looks set to disrupt the gaming industry, and enable a new way for players and developers to interact with gaming platforms. With nearly 70% of the American population playing video games, and with the gaming market forecasted to be worth more than $138 billion by the end of the year, how is blockchain set to transform the gaming industry?

1. Gamers will have full control of their virtual assets

Due to the risk of assets being duplicated, gaming companies often store in-game assets on centralised servers. However, this means that gamers don’t actually own their purchased virtual assets, and don’t have the capacity to buy, sell, or trade assets outside of the game. Currently, if a gamer wants to trade or sell virtual assets, they would have to do it through non-traditional means.

Blockchain allows full transparency and decentralised control of virtual assets, meaning players will have ownership of their virtual assets. They will be able to exchange these assets with other players, and for assets on other games, instantly. Gamers will also be able to use their virtual assets across different games, providing players with a more personalised video gaming experience.

2. Players stand to be rewarded for their interaction with video games

Through the tokenisation of platforms, players will be able to earn tokens for playing, reviewing, or sharing games on social media. Players will also be incentivised to provide reviews and feedback to developers, leading to the improvement of games available. Blockchain will allow players’ activities to be tracked, and for them to be rewarded accurately and instantly.

3. Blockchain builds gamer credibility and accountability

As the blockchain is an immutable ledger which records all transactions and allows players to use their account across multiple games services, gamers’ interactions, player history, and trading of in-game items are always tracked and documented. With these records made publicly available, a player’s reputation is tied to the blockchain, therefore encouraging good behavior within the community. This builds and fosters a safer gaming environment, giving value to those with credible reputations, and encourages transparency within the gaming ecosystem.

4. Better security for games

In the past, virtual goods ownership and trading was never fully possible. For example, the rare or expensive item players worked hard or paid for was often copied by fraudsters and resold, making their item neither unique nor as valuable.

Blockchain prevents the trading of illegal virtual assets on the black market, as well as the hacking and stealing of keys, by creating an immutable ledger of that item and who it belongs to, making duplicating impossible. After all, the original purpose of blockchain was to irrefutably prove ownership of bitcoin and other cryptocurrencies.

5. Transparent and faster payments to developers and gamers

UltraBlockchain technology will allow players to purchase items or games faster while ensuring their payments are secure. Developers are increasingly having a hard time selling their software outside of app stores, which result in large commission fees and loss of control over their own customers. Blockchain makes it possible to process nano-payments and for developers to get paid instantly, enabling developers to quickly reinvest money in their game launch marketing.

Meanwhile, gamers will have access to a range of new revenue opportunities, with proof-of-activity potentially earning gamers free swag.

This guest post was contributed by Nicolas Gilot, Co-CEO of Ultra, a blockchain-based, game publishing platform designed to put an end to the current PC game market status quo.

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IBM Egypt Continues to Locally Invest in And Develop Blockchain Solutions

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IBM Egypt

IBM Egypt General Manager, Wael Abdoush, stated that the technology giant will continue to locally invest in and develop blockchain solutions in light of the promising economic reforms that are being put into place in the North African nations.

Blockchain Technology in Egypt

Abdoush stated that IBM is ready to offer blockchain technology in the local market as IBM seeks to develop technological solutions to meet customers needs in line with the government’s economic development plan. That includes the Egyptian government’s 2030 plan of digital transformation.

blockchainIBM offers continuous online training of graduates and employees on its platform called Digital Nation Africa. It provides the required skills and training to deal with the latest technologies, such as the blockchain, AI, Internet of Things (IoT), and data analytics. According to Abdoush, “the main mission focus is to spread the digital transformation and lead more of our clients on the path to becoming Cloud and Cognitive digital businesses.”

Regarding offering blockchain technology solutions in Egypt, Abdoush says it is only natural since it is now a global phenomenon. He said: “There are many bodies which can benefit from these solutions and applications, and several generations can use the Blockchain technology. IBM is a global leader in Blockchain, as we believe this technology will revolutionize business as the Internet did in the 1990s; and there are several authorities in Egypt that have already taken steps towards relying on this technology in their work.”

The Law and Blockchain

Abdoush believes that the Egyptian market needs to develop the existing legislation in order for them to keep up with the continuous technological developments rather than create new laws. In the recent past, the attitude towards cryptocurrencies has been less than welcome in Egypt. It seems, however, that the acceptance of the blockchain by the Egyptians mirrors that of the world. Adoption of blockchain technology with better regulatory and operational framework seems to be the path Egypt is taking.

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