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

[Wangari Kabiru]

Happy Tuesday!

Would any of our Tech hubs be handling any entrepreneurs doing this?

Otherwise, tuko mbali! And this is not synonymous with the Kenya Silicon Savanna hype.

Blessed day.

Regards/WangariOn May 17, 2016 10:44, Rosemary Koech-Kimwatu via kictanet <kictanet at lists.kictanet.or.ke> wrote:
>
> 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
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