[kictanet] BitHub Revert: BLOCKCHAINS - Get in the Conversation and Perhaps Conversion..Digital Currency
Barrack Otieno
otieno.barrack at gmail.com
Wed May 18 10:18:25 EAT 2016
Many thanks Wangari,
Thank you for promoting this conversation. Indeed it will be a
suitable topic for this years IGF since Bit Coin and Block Chain is
big in China and Europe. We don't need to play catch up.
Best Regards
On 5/18/16, WANGARI KABIRU via kictanet <kictanet at lists.kictanet.or.ke> wrote:
> 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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>
>
>
>
>
>
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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.
>
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> online that you follow in real life: respect people's times and bandwidth,
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--
Barrack O. Otieno
+254721325277
+254733206359
Skype: barrack.otieno
PGP ID: 0x2611D86A
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