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

[Mwendwa Kivuva]

Blockchain for elections would be technology that would really change
the landscape in Kenya. But such a technology may never pass through
the political elite
https://followmyvote.com/blockchain-voting-the-end-to-end-process/

The benefits include
1. You can never vote twice
2. The vote is tallied immediately after being cast. No vote counting here

On 17/05/2016, Wangari Kabiru via kictanet
<kictanet at lists.kictanet.or.ke> wrote:
> 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


-- 
______________________
Mwendwa Kivuva, Nairobi, Kenya
twitter.com/lordmwesh