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

Tue May 17 10:44:24 EAT 2016

KenyaCoin sounds very interesting. The use of blockchain technology is best
viewed as an improvement of the current financial systems rather than a
competitor. I'm convinced that it can tremendously improve financial
services. Thank you Wangari  for the introduction of this discussion.

Regards,

Rosemary Koech-Kimwatu
Tel: +254 718181644
Skype: Rosemary Koech-Kimwatu

On Mon, May 16, 2016 at 9:38 PM, Baiju Shah via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> Hi Wangari,
>
> Many thanks for the notes on the understanding of the
> Block Chain and we are very interested in the distributed ledger
> technology as a means of exchanging trading and financial information from
> a b2b perspective.
>
> We are looking to kick off an R&D project on developing some key
> transactional areas especially on dealing with cross boarder trade and the
> application of using open ledgers.
>
> Thanks,
>
> Best Regards,
> Baiju
> Telemedia Africa Ltd.
>
> On Monday, 16 May 2016, Wangari Kabiru via kictanet <
> kictanet at lists.kictanet.or.ke> wrote:
>
>> 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
>>
>
>
> --
> *Baiju Shah** |*Managing Partner* |*
>
> Phone: +254 701691570
> **
> *|*Mobile: +254 787332247 *|* Skype: baijushah* |* Email:
> baiju at telemedia.co.ke* | *
>
> *Telemedia Africa Ltd*
> *. *
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