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RightMesh and IITA Partner to Develop Mesh-Enabled App to Fight Crop Disease in Sub-Saharan Africa

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Tokens to African Farmers

RightMesh, in partnership with International Tropical Institute of Agriculture (IITA), has announced the launch of a mobile application that will enable Sub-Saharan farmers to detect and report crop diseases without incurring Internet or data costs.

RightMesh and IITA Enter Into a Partnership

The two organisations signed a Memorandum of Understanding (MoU) that will see them design, develop and test a mobile application that will allow smallholder farmers to improve crop disease surveillance using remote field surveys coupled with worker/farmer communications without the need to use any Internet or data. The mobile application is set to be tested in Tanzania in late 2019.

RightMesh AG is a Switzerland-based company that seeks to bring connectivity to the next billion users by multiplying the combined power of blockchain, mobile mesh networking and its own RMESH tokens.

The wireless networks used by RightMesh utilises different technologies in existing smartphones and IoT devices instead of relying on Internet Service Providers (ISPs) and traditional infrastructure. By being ‘infrastructureless’ it means that the company is able to embed into existing applications or build new mesh-enabled applications that do not require additional Internet connectivity or hardware for data transmission between people, devices or applications over a short distance.

IITA is a non-profit institution that develops agricultural innovations to meet Africa’s most pressing challenges of hunger, malnutrition, poverty and natural resource degradation with a presence in over 35 African countries. IITA works with various partners to improve livelihoods, enhance food and nutrition security, increase employment and preserve natural resource integrity across Sub-Saharan Africa.

It is estimated that about 70 percent of the African population rely directly on agriculture for its livelihood. Still, the sector is under pressure to increase food production to be able to feed a rapidly growing population in the face of climate change, which is causing the spread of diseases and new pests among other things. However, the farmers are unable to immediately report the new diseases and the rapidly spreading outbreaks due to a lack of tools leading to huge crop loss and hunger epidemics.

Although web-based tools are effective for data collection, the main challenge for many farmers is connecting to the Internet due to the costs incurred when undertaking such tasks.

App Will Improve Agricultural Performance in Africa

RightMeshThe mesh-enabled app will enable small farmers to discern and report any new pests and diseases without bearing any costs for Internet and data usage.

When integrated with IITA’s plant pathology expertise, the app will enable farmers, community workers, researchers as well as government agencies to digitally collaborate and come up with an innovative approach that will address the early detection, prevention, and intervention of crop diseases in Africa.

In a press release, the co-founder and CEO of RightMesh, John Lyotier, said: “Working with IITA on a solution that has the potential to lift whole communities out of poverty by improving agricultural performance in East and Central Africa is an excellent use case for the RightMesh platform. We are honored to contribute to the solution by enabling connectivity to reach these smallholder farmers who will now have access to the benefits of online community collaboration.”

“The RightMesh mobile app takes early detection of pests and diseases to the next level. It will help in increasing information flow between farmers, extension agents, and researchers in the event of a breakout and this will help reduce the vulnerability of smallholder farmers,” noted IITA Deputy Director General Partnerships for Delivert, Dr. Kenton Dashiell.

The RightMesh-IITA partnership addresses the United Nations Sustainable Development Goals for eradicating extreme poverty, ending hunger and ensuring access to nutritious and sufficient food all year round, building resilient infrastructure and combating climate change and is geared towards protecting smallholder farm crops with innovative technology and world leading pathology research.

Blockchain Technology

Linum Labs Announces Decentralised Healthcare R&D Funding Platform ‘Molecule’

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Molecule Platform

Blockchain development company Linum Labs has announced the launch of a decentralised open-source funding platform to fast-track innovation in pharma called Molecule.

The Molecule Platform

Linum LabsLinum Labs, which deals with blockchain-based solutions in healthcare and identity, has created the Molecule platform in order to bring together industry, patients, and scientists in an open collaborative market where drug development can be advanced.

The open platform allows participants to contribute funds towards drug development, thereby, achieving Lunum Labs’ goal of distributing cost and risk.

To achieve this, Linum Labs is leveraging blockchain technology and open science to build a fair and accountable market-based platform for the research and funding of pharmaceutical intellectual property.

The Decentralised Answer to the Pharma Research Monopoly

Molecule aims to solve the problem of the monopolisation of research in the pharmaceutical industry, reduced trust, and the expensive, risky, and slow nature of drug development.

Paul Kohlhaas, CEO of Linum Labs, stated: “The pharmaceutical industry faces an innovation crisis caused by the challenges around drug development and the monopolisation of IP. Bringing a drug to market is a high-cost, high-risk, and slow endeavour, and it is generally large organisations that single-handedly shoulder these burdens, leading to massively inflated prices and a lack of innovation.”

Molecule solves these challenges by offering a low-friction crowdsourcing research and funding platform that reduces risk to investors and IP creators in an inclusive environment.

“Molecule enables new economic incentive models for distributed R&D that leverage open science, Web3 and bonding curves to create a fair and accountable market-based platform for the discovery and funding of pharmaceutical IP. The ecosystem aims to align all stakeholders to collaborate in order to move away from environments where only ‘blockbuster drugs’ get approved for development, and towards a more patient-focused approach,” Kohlhaas added.

Development

Molecule

Linum Labs AG started building Molecule in early 2018 on behalf of Swiss non-profit, the Molecule Foundation.

The next stage of “development will include further iterations of the initial proof-of-concept, leading into a minimum viable product,” Linum Labs writes in a statement. This stage will be backed by a financial round that will begin in the second quarter of 2019.

Linum Labs is presently hiring and looking for partners to back the Molecule platform.

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Raise Launches Africa’s First Security Token Platform

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Raise Token Security Platform
Images by Raise

On February 14, 2019, financial technology company Raise announced the launch of the alpha version of its security token platform that is being developed with the aim to tokenise assets in Africa.

The Raise Token Security Platform

The token security platform by Raise is the first security token product to be developed and launched in the African continent.

RaiseA security token is a digital representation of a real-world financial asset such as a land title or share certificate that is built with blockchain-based technology. This makes them very secure digital assets that ease fundraising, lower the costs of cross-border transfers and compliance.

According to the company press release, Raise is a software-as-a-service (SaaS) tool built for funds, law firms and companies to securely digitise partnership units, share certificates, and real estate assets. The platform is able to develop customised digital securities that can be programmed with key performance indicators, custom data and limited partnership or shareholder information.

The co-founders of Raise, CEO Marvin H. Coleby and CTO Eugene Mutai, made the announcement at the annual Africa Tech Summit that was held in Kigali, Rwanda.

Growing Potential for Private Markets

Coleby, an entrepreneur and securities lawyer from the Bahamas, emphasised the potential for more accessible and liquid private markets by saying:

“Today, it’s difficult to move shares between funds and companies. Navigating regulatory requirements, tracking securities ownership and raising financing can be difficult. We have to check and verify a multitude of complex requirements and documents to move assets that many of us already own. This makes private markets expensive and slow to operate – it can take weeks to transfer shares between consenting parties. As a result, private markets are not nearly as liquid as public markets, immobilizing assets and restricting financial inclusion. Blockchain technologies can encode compliance requirements and ease document processes that make private markets difficult to navigate.”

“We’re excited to contribute to a global movement to simplify private markets and securities innovation with this new product and look forward to further development updates this year. This is especially true on the African continent, we strongly believe that fluid and efficient capital markets can create enormous wealth for millions of people and transform intra-African trade,” he added.

Future Plans

The Raise’s platform is mainly targeting the private capital markets sector and is currently working with a list of companies, law firms and private funds to officially launch its platform later in 2019.

So far, Raise has partnered with Africa Legal Network that is an association of 16 corporate law firms to develop a continental regulatory framework for security tokens. The partnership led to the launch of the African Digital Asset Framework, which is an open-source project designed to create standards for blockchain technologies.

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HelloGold and Baobab Group Partner to Boost Financial Inclusion in Africa

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HelloGold and Baobab Group

Malaysian fintech savings platform HelloGold has partnered with Baobab Group to boost financial inclusion in Africa. The partnership will help the Asia-based company to enter the African market where it will offer financial products alongside Baobab.

The HelloGold and Baobab Group Partnership

BaobabHelloGold will leverage Baobab’s infrastructure and experience in offering digital financial services while bringing on board its gold-backed savings and products, according to DigitalNewsAsia. Moreover, the partnership will enable Baobab to scale its financial inclusion services on the continent via an integrated savings platform.

The integrated savings platform will enable users to purchase, invest, and save in gold via a mobile app. The use of the mobile app will make gold an easily accessible and secure savings option for customers.

Baobab currently operates in nine African countries, has 1,140 functional service points across Africa and has distributed over $1.1 billion loans to micro businesses, women, and the youth.

Arnaud Ventura, Baobab’s Group chief executive officer and founder, said: “We are pleased to announce this partnership, which will allow our clients to benefit from new digital services. The possibility to easily save and invest in gold is an additional key offered to our clients to unleash their potential. This collaboration with HelloGold will allow us to integrate this savings offer in the nine African countries we are working with.”

“Our partnership with Baobab demonstrates HelloGold’s capacity to provide financial solutions for our current and prospective partners. While we bring financial products on our technology, we support our partners in the building of their own offerings, providing differentiated value and services on their platforms,” HelloGold’s CEO Robin Lee commented in a statement.

Baobab enables its customers in Africa and China to manage their finances instantly, safely, and easily with its digital and mobile solutions. HelloGold offers its customers the opportunity to purchase and sell gold via an app. The physical gold is stored in secure and insured vaults in Singapore and it can be used as collateral for loans or as savings.

According to Lee, HelloGold applies blockchain technology in its financial products to make them affordable to customers.

Future Plans

HelloGoldHelloGold plans to establish gold vaults in Dubai and to offer its products in Indonesia and the Middle East this year. The company also recently launched in Thailand.

With mobile-driven financial inclusion in Africa on the rise, the two companies are positioning themselves to tap into the opportunities of the growing digital financial sector on the continent.

According to the World Bank Findex survey, financial inclusion grew from 23 percent in 2011 to 43 percent in 2017 in Sub-Saharan Africa.

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