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

[Ali Hussein]

Wangari

Great idea..

Ali Hussein
Principal
Hussein & Associates
+254 0713 601113 / 0770906375

Twitter: @AliHKassim
Skype: abu-jomo
LinkedIn: http://ke.linkedin.com/in/alihkassim


"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought".  ~ Albert Szent-Györgyi

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> On 16 May 2016, at 7:17 PM, Wangari Kabiru via kictanet <kictanet at lists.kictanet.or.ke> wrote:
> 
> Warm Greetings Grace, Greetings Brian,
> 
> Ashis focus was on the humanitarian angle he is working in.
> 
> Ric had the details on the marketplace.
> 
> Someone must've a 'KenyaCoin'??
> 
> Blessed day.
> 
> Regards/Wangari
> 
> On May 16, 2016 18:31, Brian Muhia via kictanet <kictanet at lists.kictanet.or.ke> wrote:
> 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 playe
> 
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