[kictanet] BLOCKCHAINS - Get in the Conversation and Perhaps Conversion..Digital Currency

[Grace Mutung'u (Bomu)]

Wangari,
Our very own Rosemary is an expert in the area of digital currency practice
and policy.
Thank you proposing this discussion for this year's IGF, it is noted for
consideration by the community.
Regards,

2016-05-16 17:12 GMT+03:00 Wangari Kabiru via kictanet <
kictanet at lists.kictanet.or.ke>:

> Happy Monday!
>
> Pray you are well.
>
> Today I have learnt on Blockchains and I am delighted to share of. Learnt
> from Ashis Gadnis - BANQUAPP.COM and Ric Shreves.
>
> Any persons in this community  in the field?
>
> The last time this discussion was here it was CBK and Bitcoin rundowns and
> the Ministry. Globally a lot is happening.
>
> The discussion is beyond financial services into data management,
> humanitarian data and refugee transfers services...and more.
>
> This community needs to have sharp deliberations on this at this year's
> IGF.
>
> <<< start notes>>>
>
> BTC4D @ ICT4D on 16/05/2016
>
> 'The blockchain is the new black..'
>
> First overlay is the web
> Second is blockchain - trust layer
> Challenge old ways, disrupt governance and centralised authority for
> enforcing transactions
>
> What is;
> A block chain is a distributed ledger via peer-to-peer
> Chain of digital signatures
> Protocal for exchanging value over internet without an intermediary
> A technology that allows people to exchange trust over transactions - Bank
> of England
>
> Critical elements in old times is trust.
>
> A block chain is another type of database for recording transactions - one
> that is copied to all computers
> Blockchain can be more than digital currency eg Asset tokenisation -
> transaction metadata used for transactions
>
> Structure;
> Data stored in structures called blocks.
>
> Elements; Header, Content - validated list of assets
>
> 15M - No. of Bitcoins in circulation
> 20B - Maximum no.of Bitcoins (2140), algorithm - manage inflation (unlike
> Ksh, $)
> $56M - 24hour Turnover of Bitcoins
> $746 M - Ethirium, 2nd Digital Currency
>
> Volatility of Bitcoin 1.24%
> 2013 +
> 2014 -
> 2015 +
>
> Other Blockchains;
> Best known are public; Litecoin, BitShares, Dogecoin, Namecoin.
> Others are private
>
> Types; unpermissioned, permissioned
>
> Newer ones;
> Ethereum, Microsoft BaaS - Blockchain as a Service
>
> Blockchain can be as a;
> Platform - build others on it
> Software
>
> What is happening;
> R3 working with 40+ banks
> Visa working on an independent proof of concept
> Citi has 3 blockchains and own digital currency (Citicoin)
> SEC, USA Stock Exchange
>
> The players you should know?
> R3
> Hyperledger
> Ethereum - an app platform
> Microsoft Azure BaaS - flexible
> Ripple
> Bitcoin is what is well known
>
> <<< end notes>>>
>
> Be blessed.
>
> Regards/Wangari
>
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-- 
Grace L.N. Mutung'u
Nairobi Kenya
Skype: gracebomu
Twitter: @Bomu

<http://www.diplointernetgovernance.org/profile/GraceMutungu>

PGP ID : 0x33A3450F
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