<p dir="ltr">Happy Tuesday!</p>
<p dir="ltr">Would any of our Tech hubs be handling any entrepreneurs doing this?</p>
<p dir="ltr">Otherwise, tuko mbali! And this is not synonymous with the Kenya Silicon Savanna hype.</p>
<p dir="ltr">Blessed day.</p>
<p dir="ltr">Regards/Wangari</p>
<div class="quote">On May 17, 2016 10:44, Rosemary Koech-Kimwatu via kictanet <kictanet@lists.kictanet.or.ke> wrote:<br type='attribution'><blockquote class="quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr">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.<div><br /></div><div>Regards,</div><div><br /></div><div>Rosemary Koech-Kimwatu </div><div>Tel: +254 718181644</div><div>Skype: Rosemary Koech-Kimwatu</div><div> </div><div><br /></div><div><br /></div></div><div><br /><div class="elided-text">On Mon, May 16, 2016 at 9:38 PM, Baiju Shah via kictanet <span dir="ltr"><<a href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a>></span> wrote:<br /><blockquote style="margin:0 0 0 0.8ex;border-left:1px #ccc solid;padding-left:1ex">Hi Wangari,<div><br /></div><div>Many thanks for the notes on the understanding of the</div><div>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.</div><div><br /></div><div>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.</div><div><br /></div><div>Thanks,</div><div><br /></div><div>Best Regards,</div><div>Baiju</div><div>Telemedia Africa Ltd.</div><div><div><div><br />On Monday, 16 May 2016, Wangari Kabiru via kictanet <<a href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a>> wrote:<br /><blockquote style="margin:0 0 0 0.8ex;border-left:1px #ccc solid;padding-left:1ex"><p dir="ltr">Happy Monday!</p>
<p dir="ltr">Pray you are well.</p>
<p dir="ltr">Today I have learnt on Blockchains and I am delighted to share of. Learnt from Ashis Gadnis -<a href="http://BANQUAPP.COM"> BANQUAPP.COM</a> and Ric Shreves.</p>
<p dir="ltr">Any persons in this community in the field?</p>
<p dir="ltr">The last time this discussion was here it was CBK and Bitcoin rundowns and the Ministry. Globally a lot is happening.</p>
<p dir="ltr">The discussion is beyond financial services into data management, humanitarian data and refugee transfers services...and more.</p>
<p dir="ltr">This community needs to have sharp deliberations on this at this year's IGF.</p>
<p dir="ltr"><<< start notes>>></p>
<p dir="ltr">BTC4D @ ICT4D on 16/05/2016</p>
<p dir="ltr">'The blockchain is the new black..'</p>
<p dir="ltr">First overlay is the web<br />
Second is blockchain - trust layer<br />
Challenge old ways, disrupt governance and centralised authority for enforcing transactions</p>
<p dir="ltr">What is;<br />
A block chain is a distributed ledger via peer-to-peer <br />
Chain of digital signatures<br />
Protocal for exchanging value over internet without an intermediary<br />
A technology that allows people to exchange trust over transactions - Bank of England</p>
<p dir="ltr">Critical elements in old times is trust.</p>
<p dir="ltr">A block chain is another type of database for recording transactions - one that is copied to all computers<br />
Blockchain can be more than digital currency eg Asset tokenisation - transaction metadata used for transactions</p>
<p dir="ltr">Structure;<br />
Data stored in structures called blocks.</p>
<p dir="ltr">Elements; Header, Content - validated list of assets</p>
<p dir="ltr">15M - No. of Bitcoins in circulation<br />
20B - Maximum no.of Bitcoins (2140), algorithm - manage inflation (unlike Ksh, $)<br />
$56M - 24hour Turnover of Bitcoins<br />
$746 M - Ethirium, 2nd Digital Currency</p>
<p dir="ltr">Volatility of Bitcoin 1.24%<br />
2013 +<br />
2014 -<br />
2015 +</p>
<p dir="ltr">Other Blockchains;<br />
Best known are public; Litecoin, BitShares, Dogecoin, Namecoin.<br />
Others are private</p>
<p dir="ltr">Types; unpermissioned, permissioned</p>
<p dir="ltr">Newer ones;<br />
Ethereum, Microsoft BaaS - Blockchain as a Service</p>
<p dir="ltr">Blockchain can be as a;<br />
Platform - build others on it<br />
Software</p>
<p dir="ltr">What is happening;<br />
R3 working with 40+ banks<br />
Visa working on an independent proof of concept<br />
Citi has 3 blockchains and own digital currency (Citicoin)<br />
SEC, USA Stock Exchange</p>
<p dir="ltr">The players you should know?<br />
R3<br />
Hyperledger<br />
Ethereum - an app platform<br />
Microsoft Azure BaaS - flexible<br />
Ripple<br />
Bitcoin is what is well known</p>
<p dir="ltr"><<< end notes>>></p>
<p dir="ltr">Be blessed.</p>
<p dir="ltr">Regards/Wangari</p>
</blockquote></div><br /><br /></div></div>-- <br /><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><span style="font-size:10pt;font-family:'tahoma' , sans-serif"><b>Baiju Shah</b></span></div></div></div></div></div></blockquote></div></div></blockquote></div>