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

Wed May 18 09:32:03 EAT 2016

Many thanks John K+254 725 274191,BitHub for your revert.

Copied in colleagues on KICTANET and ISOCKE for your interest/Updates.

Blessed day.

Regards/Wangari

---
Pray God Bless. 2013Wangari circa - "Being of the Light, We are Restored Through Faith in Mind, Body and Spirit; We Manifest The Kingdom of God on Earth".

--------------------------------------------
On Wed, 18/5/16, BitHub Africa <bithubafrica at gmail.com> wrote:

 Subject: Re: BitHub: BLOCKCHAINS - Get in the Conversation and Perhaps Conversion..Digital Currency
 To: "WANGARI KABIRU" <wangarikabiru at yahoo.co.uk>
 Cc: "KICTAnet ICT Policy Discussions" <kictanet at lists.kictanet.or.ke>, "ISOC Kenya Chapter" <isoc at lists.my.co.ke>, "Eric Mugendi" <emugendi at gmail.com>, "Christian Kakoba" <kryskaka at gmail.com>, "John Karanja" <mauxdatabase at gmail.com>
 Date: Wednesday, 18 May, 2016, 8:20

 Thanks
 Wangari, Eric and Listers for the Invitation.
 We at BitHub.Africa are a
 commercially Blockchain Accelerator that is driving the
 adoption of blockchain technology and solutions including
 Bitcoin across Africa. You can see what we do here http://BitHub.co.ke
 Blockchain to summarize is about the
 disintermediation of trust by using a shared public ledger
 of transactions that can be only updated by holders of
 tokens on that particular network. Blockchain is designed in
 a manner that it is very difficult to change previous
 transactions as everyone will notice the ledger is being
 tampered with and therefore any suspicious transactions will
 not be approved. You can already imagine what such a system
 can do for the Land Registry and also IFMIS considering the
 NYS scandal for example.
 Bitcoin is the most the secure
 Blockchain protocol, network and platform being more
 powerful than the top 500 super computers in the World. It
 allows the transmission of value over its distributed
 networked at nearly no cost, near instant from any part of
 the globe to another. So sending 1 billion Kshs over the
 Bitcoin networks costs the same as sending 10 Kshs over the
 network. I think the fee is about Kshs 2 at the moment. You
 can think of it as Digital Mpesa over the Internet but not
 governed by a Company like Vodafone but by distributed
 computers similar to how Bittorrent works. Its near
 impossible to stop this technology as subsequently it is
 becoming the Internet of Value.
 While M-Pesa turns your mobile phone
 into a "Bank Account", Bitcoin turns your mobile
 phone into a "Bank" meaning you are in actual
 possession of your own money & assets. Kids born today
 will find current banking systems very archaic just like we
 stopped sending letters through Posta because of Email &
 Whatsapp. 
 At BitHub
 we offer consultancy services for organizations who would
 like to understand or rethink their governance/business
  models using Blockchain technology. This could be lenders,
 insurance or any financial technology startup looking to
 scale rapidly at low costs. Just yesternight we were at the
 launch of Tala formerly Mkopo Rahisi and they are already
 using blockchain tech to scale their lending app
 globally.
 We have
 published a feasibility study on Blockchain in Kenya &
 Africa here. 
 I will leave you with a
 comprehensive blog post we just wrote on Blockchain
 titled The
 Blockchain Opportunity in Africa! Ideas, Concepts &
 Implementation? 
 I look forward to all your comments
 here, let's grab this opportunity!
 Kind Regards,John
 K+254 725 274191

 On Wed, May 18, 2016 at
 6:16 AM, WANGARI KABIRU <wangarikabiru at yahoo.co.uk>
 wrote:
 Warm
 Greetings Eric!

 Thank you for pointing out on BitHub. It would be exciting
 to know what they are up to.

 I have found their address from the link as bithubafrica at gmail.com
 (copied herein). Address BitHub Africa,P.O. BOX 76081 Space
 Kenya, 2nd Flr Timau Plaza, Argwings Kodhek Road.Nairobi
 00508 Kenya

 Let us see what we might discover from them.

 BitHub Team; A request you enlighten us on
 'WhattsUp'', what is happening in the blockchain
 sphere in Kenya and your experiences - possibly as one fast
 and first in the market.

 Brian: Thank you for the link too. Tech talent and
 investment doesn't seem to be following this blockchain
 discovery...

 ('I argued before that 2016 will be the year that the
 development sector’s back end operations will take the
 front stage and become the focus of substantial innovation
 efforts. The current level of attention (or hype?) around
 the blockchain might be just an indicator of that –
 whether you are talking remittances or supply chains, social
 finance or refugee ID registration, cap and trade for
 emissions or identification in conflict zones.....London has
 a vibrant blockchain development and investor scene – the
 City of London has switched on to the possibilities and its
 proximity to London’s tech hubs is leading to the rapid
 emergence of a blockchain developer and startup community.
 But how can we firewall and apply some of that talent to the
 global development and humanitarian system? And how can we
 attract financial investment to build blockchain systems for
 development, a sector notoriously poor at investing in
 information technology directly itself?....) - Giulio
 Quaggiotto

 http://diytoolkit.org/sprinkling-blockchain-magic-dust-exploring-use-cases-in-the-development-sector/

 Rosemary; Your take that blockchain is an improvement to the
 financial services sector takes me back to the heated
 discussions on Bitcoin/CBK and others.

 Kivuva; Your drift on usage of Blockchain for elections or
 in other words for other sectors in addition to financial
 services is where I see the greatest opportunity lies. What
 I find perplexing is that our Tech community has not gone
 into this in droves, creating for different industries. Or
 what are people working on,or we do not understand, find it
 worth or too risky?

 '...As often is the case, however, to date the rhetoric
 around the potential of the technology by far outstrips the
 practice.'- Giulio Quaggiotto

 I am yet to understand on the group called 
 'miners' in this Blockchain, what they do and how
 they make money - where the rubber meets the road! Hopefully
 by the end of the week I shall, and share. $&$$$$$ have
 a way to cause and attract interest.

 Thank you all for the ongoing enlightenment on this!

 Be blessed.

 Regards/Wangari

 ---

 Pray God Bless. 2013Wangari circa - "Being of the
 Light, We are Restored Through Faith in Mind, Body and
 Spirit; We Manifest The Kingdom of God on Earth".

 --------------------------------------------

 On Tue, 17/5/16, Eric Mugendi via kictanet <kictanet at lists.kictanet.or.ke>
 wrote:

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

  To: wangarikabiru at yahoo.co.uk

  Cc: "Eric Mugendi" <emugendi at gmail.com>

  Date: Tuesday, 17 May, 2016, 15:56

  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

  718181644Skype: 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 theBlock 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,BaijuTelemedia 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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  The Kenya ICT Action Network

  (KICTANet) is a multi-stakeholder platform for people
 and

  institutions interested and involved in ICT policy and

  regulation. The network aims to act as a catalyst for
 reform

  in the ICT sector in support of the national aim of ICT

  enabled growth and development.

  KICTANetiquette : Adhere to the same standards

  of acceptable behaviors online that you follow in real
 life:

  respect people's times and bandwidth, share
 knowledge,

  don't flame or abuse or personalize, respect privacy,
 do

  not spam, do not market your wares or

  qualifications.