Wangari,Our very own Rosemary is an expert in the area of digital currency practice and policy.Thank you proposing this discussion for this year's IGF, it is noted for consideration by the community.Regards,2016-05-16 17:12 GMT+03:00 Wangari Kabiru via kictanet <kictanet@lists.kictanet.or.ke>: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 transactionsWhat 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 EnglandCritical 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 transactionsStructure;
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 CurrencyVolatility of Bitcoin 1.24%
2013 +
2014 -
2015 +Other Blockchains;
Best known are public; Litecoin, BitShares, Dogecoin, Namecoin.
Others are privateTypes; unpermissioned, permissioned
Newer ones;
Ethereum, Microsoft BaaS - Blockchain as a ServiceBlockchain can be as a;
Platform - build others on it
SoftwareWhat 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 ExchangeThe 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
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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.