Overview of Blockchain
Hello All Here is a great overview of the different parts of the Global Financial Sector and how they are investing, experimenting, rejecting or obsessing over all things "blockchain." Good neutral view with pros, cons, costs and hurdles. Keep warm! Elizabeth -- Elizabeth Rossiello CEO and Co-Founder *BitPESA* Nigeria: +234 909 345 4135 Kenya: +254 710 891 851 Skype: erossiello
Thanks, Elizabeth. That's a very interesting report - especially the (rather small) section on non-financial uses of blockchain technology. My take on this is that the technology would prove useful wherever transactions need to be securely recorded to the satisfaction of multiple parties. The scope of opportunity here is immense. Time to dig out the K&R book... ;) Cheers, Tony On 18/07/2016, Elizabeth Rossiello via kictanet <kictanet@gw.kictanet.or.ke> wrote:
Hello All
Here is a great overview of the different parts of the Global Financial Sector and how they are investing, experimenting, rejecting or obsessing over all things "blockchain."
Good neutral view with pros, cons, costs and hurdles.
Keep warm! Elizabeth
-- Elizabeth Rossiello CEO and Co-Founder *BitPESA* Nigeria: +234 909 345 4135 Kenya: +254 710 891 851 Skype: erossiello
-- Tony White
Yes - there are many many use cases for a blockchain / decentralized ledger. The financial sector is usually the first to take in a technology because margins are high and there is room for disruption -- plus the market sizes are usually larger...but here are two of the many other use cases (run by female founders!): Everledger <http://www.everledger.io/> is a South-African/UK company with deep experience in gem certification that uses hi-tech photography to record unique identities of diamonds, search databases for their authenticity, then use the bitcoin blockchain to store a "smart contract" forever...so that no two people can "own" the same diamond. This also will unlock these diamonds for insurance and asset-financing. Stem <https://stem.is/> is a US team that were Music Producers and Managers and is creating a way to put copywritten information on the bitcoin blockchain to unlock revenue streams On Mon, Jul 18, 2016 at 3:59 PM, Tony White <tony.mzungu@gmail.com> wrote:
Thanks, Elizabeth. That's a very interesting report - especially the (rather small) section on non-financial uses of blockchain technology. My take on this is that the technology would prove useful wherever transactions need to be securely recorded to the satisfaction of multiple parties.
The scope of opportunity here is immense. Time to dig out the K&R book... ;)
Cheers, Tony
On 18/07/2016, Elizabeth Rossiello via kictanet <kictanet@gw.kictanet.or.ke> wrote:
Hello All
Here is a great overview of the different parts of the Global Financial Sector and how they are investing, experimenting, rejecting or obsessing over all things "blockchain."
Good neutral view with pros, cons, costs and hurdles.
Keep warm! Elizabeth
-- Elizabeth Rossiello CEO and Co-Founder *BitPESA* Nigeria: +234 909 345 4135 Kenya: +254 710 891 851 Skype: erossiello
-- Tony White
-- Elizabeth Rossiello CEO and Co-Founder *BitPESA* Nigeria: +234 909 345 4135 Kenya: +254 710 891 851 Skype: erossiello
Thanks Elizabeth for the report! Smart Contracts and Robo-advisory are already a reality. The future is indeed amazing! Gamefication! https://vimeo.com/174821377 (In the video, large crowds of people are chasing after the spawning of a rare Pokémon.) Pokémon Go <http://www.slate.com/articles/technology/future_tense/2016/07/a_comprehensive_guide_to_pokemon_go.html> is roughly a week old, and it's already the no.1 free downloaded app on iOS and Android. The game itself is built by Niantic (an internal startup at Google and partially owned by Nintendo), and it is a geocaching <http://www.bloomberg.com/news/articles/2016-07-12/long-before-pokemon-go-there-was-geocaching> game with augmented reality. Virtual players meet in real places to capture Pokémon together. So far, Pokémon Go is available in some countries around the world, and with the following video attached above, this is just the beginning of this Pokémon Go craze. Despite the fact that most video games have relatively small window of profitability, Pokémon Go will shatter everything you know about mobile gaming and the amount of data (gmail contacts, your location, time spent gaming, and etc) collected via Pokémon Go will quickly become the largest asset of Nintendo and Google. This type of geocaching game wasn't the first of its own kind, as Niantic previously built Ingress that is based on similar gaming philosophy - acquire items, join teams, and capture the flag. *"The future of mobile gaming will involve individuals going outside their homes and playing together."* Inside the game, you can use such Pokémon Go item called the incense that will attract Pokemons spawning in the designated area. Many restaurants, hotels, and places to visit have been attracting new customers with the use of Pokémon Go Incense. (Article <http://www.inc.com/walter-chen/pok-mon-go-is-driving-insane-amounts-of-sales-at-small-local-businesses-here-s-h.html> from Inc. explaining how Pokemon Go drives businesses). For those of you who dismiss Pokémon Go(PG) as a fad, I would not make such judgement this soon, because Nintendo has been planning this release for quite some time, and as genius game designers, they have envisioned a reality that will change ours. As more players of all age engage in the playing of Pokémon Go, a new psychology will emerge out of this - "Life is a Game." This can be either dangerous or advantageous to society as a whole, but we shall observe how much influence this mentality will have as more & more geocaching mobile games become available. *Long-Term Investments: Augmented Reality(GOOGL & APPL), Drones (IFLY <http://www.morningstar.com/etfs/ARCX/IFLY/quote.html> ETF), and Games (GAMR <http://blogs.barrons.com/focusonfunds/2016/07/11/yes-the-new-video-game-etf-has-exposure-to-pokemon/> ETF). * The current catalog of Pokémons on PG is 151, and each monster have different geographies and probabilities of appearance <http://www.decluttr.com/blog/2016/07/14/the-pokemon-each-us-state-is-desperately-searching-for-on-pokemongo/> in all 50 states. This means people will actually go out there and travel tirelessly to capture these virtual monsters. As for physically out of reach Pokemons, you can buy Pokédrone: https://www.youtube.com/watch?v=KSxEHb16boI#action=share <http://mit.onlinecampus.getsmarter.ac/pluginfile.php/10279/mod_forum/post/20428/Poke%CC%81drone%20allows%20Poke%CC%81mon%20Go%20users%20to%20catch%20out-of-reach%20species.mp4> To sum up, 1) do not underestimate Pokémon Go and its potential impact because you can very likely benefit from the Pokemon Go phenomenon, and 2) go out there try it for yourself. Pokémon Go is the game of 2016. It will unite numerous fanatics worldwide, and create collaborative communities worldwide. Eric On Mon, Jul 18, 2016 at 2:09 PM, Elizabeth Rossiello via kictanet < kictanet@gw.kictanet.or.ke> wrote:
Yes - there are many many use cases for a blockchain / decentralized ledger.
The financial sector is usually the first to take in a technology because margins are high and there is room for disruption -- plus the market sizes are usually larger...but here are two of the many other use cases (run by female founders!):
Everledger <http://www.everledger.io/> is a South-African/UK company with deep experience in gem certification that uses hi-tech photography to record unique identities of diamonds, search databases for their authenticity, then use the bitcoin blockchain to store a "smart contract" forever...so that no two people can "own" the same diamond. This also will unlock these diamonds for insurance and asset-financing.
Stem <https://stem.is/> is a US team that were Music Producers and Managers and is creating a way to put copywritten information on the bitcoin blockchain to unlock revenue streams
On Mon, Jul 18, 2016 at 3:59 PM, Tony White <tony.mzungu@gmail.com> wrote:
Thanks, Elizabeth. That's a very interesting report - especially the (rather small) section on non-financial uses of blockchain technology. My take on this is that the technology would prove useful wherever transactions need to be securely recorded to the satisfaction of multiple parties.
The scope of opportunity here is immense. Time to dig out the K&R book... ;)
Cheers, Tony
On 18/07/2016, Elizabeth Rossiello via kictanet <kictanet@gw.kictanet.or.ke> wrote:
Hello All
Here is a great overview of the different parts of the Global Financial Sector and how they are investing, experimenting, rejecting or obsessing over all things "blockchain."
Good neutral view with pros, cons, costs and hurdles.
Keep warm! Elizabeth
-- Elizabeth Rossiello CEO and Co-Founder *BitPESA* Nigeria: +234 909 345 4135 Kenya: +254 710 891 851 Skype: erossiello
-- Tony White
-- Elizabeth Rossiello CEO and Co-Founder *BitPESA* Nigeria: +234 909 345 4135 Kenya: +254 710 891 851 Skype: erossiello
_______________________________________________ kictanet mailing list kictanet@gw.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/erick.mwangi%40gmail.c...
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.
participants (3)
-
Elizabeth Rossiello
-
Erick Mwangi
-
Tony White