<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 class="gmail_extra"><br><div class="gmail_quote">On Mon, May 16, 2016 at 9:38 PM, Baiju Shah via kictanet <span dir="ltr"><<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin: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.<span></span></div><div><div class="h5"><div><br>On Monday, 16 May 2016, Wangari Kabiru via kictanet <<a href="mailto:kictanet@lists.kictanet.or.ke" target="_blank">kictanet@lists.kictanet.or.ke</a>> wrote:<br><blockquote class="gmail_quote" style="margin: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" target="_blank"> 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><b><span style="font-size:10pt;font-family:Tahoma,sans-serif"><font color="#ff0000"> |</font></span></b><span style="font-size:10pt;font-family:Tahoma,sans-serif">Managing Partner</span><b><span style="font-size:10pt;font-family:Tahoma,sans-serif"><font color="#ff0000"> |</font></span></b><span style="font-size:10pt;font-family:Tahoma,sans-serif"><font color="#ff0000"> </font></span><div><div dir="ltr"><p style="margin:0cm 0cm 0.0001pt"><span style="font-size:10pt;font-family:Tahoma,sans-serif">Phone: +254 701691570<font color="#ff0000"> </font></span><b><span style="font-size:10pt;font-family:Tahoma,sans-serif"></span></b></p><div style="font-family:tahoma,sans-serif;display:inline"><b><font color="#ff0000"></font></b></div><b><font color="#ff0000">|</font></b><span style="font-size:10pt;font-family:Tahoma,sans-serif">Mobile: </span><span style="font-size:10pt;font-family:Tahoma,sans-serif">+254 787332247<font color="#ff0000"> </font></span><b><span style="font-size:10pt;font-family:Tahoma,sans-serif"><font color="#ff0000">|</font></span></b><span style="font-size:10pt;font-family:Tahoma,sans-serif"><font color="#ff0000"> </font>Skype: baijushah</span><b><span style="font-size:10pt;font-family:Tahoma,sans-serif"><font color="#ff0000"> |</font></span></b><b><span style="font-size:10pt;font-family:Tahoma,sans-serif"><font color="#ff0000"> </font></span></b><span style="font-size:10pt;font-family:Tahoma,sans-serif">Email: </span><span style="font-size:10pt;font-family:Tahoma,sans-serif"><span style="color:windowtext"><a href="mailto:baiju@telemedia.co.ke" style="color:rgb(17,85,204)" target="_blank">baiju@telemedia.co.ke</a></span></span><b><span style="font-size:10pt;font-family:Tahoma,sans-serif"><font color="#ff0000"> | </font></span></b><p style="margin:0cm 0cm 0.0001pt"><span></span><font size="2"><b>Telemedia Africa Ltd</b></font><font size="2"><b>. <br></b></font></p><p style="margin:0cm 0cm 0.0001pt"><span></span></p><p style="margin:0cm 0cm 0.0001pt"><span style="font-size:x-small">The
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