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

[Eric Mugendi]

There's Bithub, a hub that's focusing on incubating blockchain startups
locally. http://techcabal.com/2016/01/14/space-kenya-launches-bithub/

On Tue, May 17, 2016, 2:11 PM 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/Wangari
> On 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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