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

[Brian Muhia]

I've been studying private blockchain systems for a few months
(IntelLedger, Ethereum and Multichain), and I have used both Bitcoin and
Ethereum. I'm available for comment. Curiously, Ashish didn't mention
Slock.it, which has published a project called The DAO, a decentralized
autonomous organization. This is a system that uses smart contracts (cue
Larry Lessig's "Code and Other Laws of Cyberspace") to automate governance
decisions, using a custom-built currency to facilitate voting rights.
They're governed by code, stored on the Ethereum block chain. Here's a
primer on the concept:
https://blog.slock.it/a-primer-to-the-decentralized-autonomous-organization-dao-69fb125bd3cd#.x3h9xh5xd

On Mon, May 16, 2016 at 5:24 PM Grace Mutung'u (Bomu) via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> 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>
>
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> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
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