Blockchain Technology: Moving Africa Forward
The conference in Cape Town will focus on how blockchain technology and cryptocurrencies can achieve the UN’s Sustainable Development Goals for economic growth and social inclusion by enabling and broadening access to a wide range of financial and other services, critical to the long-term reduction in poverty and achievement of economic growth in Africa.
Speakers will explore how this technology can be used in areas such as payments and remittances, identity, renewable energy, remittances, farming and agriculture, community currencies, provision and distribution of aid and support, impact data, decentralised business models and a global cryptocurrency economy.
Discussions will include current challenges with technology infrastructure and regulatory frameworks in order to achieve these goals.
The conference will explore how blockchain technology and cryptocurrencies can enable and lay the groundwork for a sustainable, distributed, and shared future.
Despite the hype around blockchain as a technology, the only proven application of it so far has been in the creation of sound money by applying it to Bitcoin as peer-to-peer digital cash. No other blockchain project has proven itself in terms of mainstream adoption yet. In this talk, we look at the cryptocurrency movement through the lens of anthropology and the behavioural reasons why this new technology is still in its nascent phase. What lies ahead for cryptocurrency, will other projects besides Bitcoin gain ground, and is blockchain the headline or just a passing technology trend?
A look at the positive impact of this new financial system on people, governments and other stakeholders, as well as the risks associated with it.
This talk will explore the relationship between a central bank and self-regulated blockchain organisations, self-regulation for a cryptocurrency organisation, why central banks will struggle with blockchain and cryptocurrency regulation, and finally provide insights and recommendations.
As the role of technology in our lives continues to grow, data is the new currency, a source of untold power. It’s not just about companies like Facebook using our data without our knowledge. When the average consumer uses Paypal to pay a merchant in Europe, their data goes to around 600 companies. SIX HUNDRED! Fact is, there’s a huge amount of metadata out there about our lives – and we have no control over that. Privacy allows you to take back control of your own information in a way that no laws, governments or protocols ever will. In this talk, we cover Privacy and Crypto Transactions namely; why privacy matters, the five aspects of cryptocurrency privacy and evaluating privacy technology.
Combining blockchain technology and decentralised renewable energy provides an unprecedented opportunity to solve energy poverty, democratise energy access, and revolutionise the dysfunctional and deeply-entrenched centralised energy and financial systems across Africa. Blockchain offers a single, secure financial transnational layer through which value generated from sun, wind, ocean and geothermal energy can be seamlessly transferred across the continent and the world. In this presentation, Abe will explore a vision for the future of blockchain and energy in Africa, in which digital blockchain-based money on silicon chips powered by electricity is used to finance silicon chips in solar cells that produce electricity - creating a positive feedback loop and a solid-state, passive economy of abundance.
The STRATUMBLUE Token (BLU) represents a selection of the 10 largest cryptocurrencies, chosen by following a market capitalisation index strategy plus a minor selection of cryptocurrencies and crypto-related assets using an active strategy. Traditional funds often have very high capital buy-in, excluding a large portion of society from much-needed potential capital growth. Any funding invested is often locked away for years with big penalties for early withdrawal. STRATUMBLUE offers solutions to all the above and more with the additional bonus of a fully dynamic crypto fund without any of the day-to-day headaches of passwords, wallet storage and constantly watching the market prices. Having an accessible crypto portfolio has never been this easy.
The world’s financial system is unstable and unsustainable. Resources are rapidly depleting. Population levels are rising. Social, political and economic instability is threatening every global and sovereign institution. Wealth is increasingly concentrated in the hands of fewer. AI, big data and automation are threatening jobs in the most advanced economies. Nobody seems to have answers. Perhaps that’s because as a species we tend to address problems through the same lens that created them. Using decentralisation as an underlying principle, UBU presents an ambitious plan to address these economic challenges on a sustainable basis, without taxation or government intervention. UBU aims to be an outlier in the platform economy, ushering in greater economic inclusion, a larger economic base and sustained economic resilience.
Monica will discuss how ConsenSys is building distributed applications and the Ethereum world computer to enable frictionless business with inclusion for all.
Is Africa fertile ground for the adoption of cryptocurrencies and why? What are the obvious benefits of using cryptocurrencies in Africa? Which countries in Africa are adopting cryptocurrencies the fastest? How are mobile and cross-border payments impacted by cryptocurrencies? Moderator: Farzam Ehsani
Blockchain technology has triggered a revolution in digital identity that will profoundly transform our ability to trust online transactions. Blockchain-based identity solutions have the potential to solve many of the intractable and costly problems that plague legacy identity systems. They allow the creation of unalterable and verifiable digital identities while simultaneously protecting individual privacy rights. The implications are not just immense for the way we use the internet to deliver goods and services, develop businesses, deliver healthcare, and manage government, the technology offers a verifiable identity for the estimated billion people on this planet who have no means to prove who they are, online or in the real world. Yet despite blockchain’s demonstrable potential for innovation, disruption and growth, it has yet, as a sector, to attract the diverse workforce other technology sectors have benefited from. This needs to change. Today’s leading global technology organisations recognise that sustainable innovation and growth depends on having and nurturing a workforce that is diverse and inclusive. Join the conversation about how blockchain is disrupting the identity landscape and why a technology that can be used in so many diverse ways will only be truly transformative when it is developed by a diverse community.
Decentralised business models are the future of economic coordination, where the incentives of different actors are aligned towards shared objectives that grow the value of the network for the benefit of all participants. Increasingly, these projects are financing themselves through STOs in the initial stages and doing ICOs later once the network is live and able to take advantage of the embedded network effects. These two instrument types can create conflicts of interest when viewed in isolation, but good economic design can overcome these challenges.
With Web 3.0, we have begun building an internet for sustainability. This provides a web of trust through which impacts can be resourced, coordinated, incentivised and scaled. It includes new protocols to identify, factually verify and value impacts. Verified impact data produces valuable digital assets. Tokenising these assets provides us with new economic mechanisms. Now capital can be programmed for sustainability to optimise results and grow the impact economy. Shaun believes the information technologies becoming available to us are part of humanity’s immune response to social, environmental and economic threats. These technologies also provide us with a bridge into a prosperous and sustainable economy. He will demonstrate these concepts with examples of projects developing on the ixo network.
Among the wide range of complementary currency schemes, Sarafu-Credit is one such grassroots innovation which like other community currencies offers complementary mediums of exchange developed on the initiative of agents that have formed a network (Fare et al., 2015). In common with other grassroots innovations, community currencies are bottom-up solutions and social innovations which come from the civil society arenas, and aims to respond to the local situation and the interests and values of the communities involved (Seyfang, 2006).
Malta is one of the first jurisdictions to pass clear and detailed requirements around ICOs and cryptocurrencies, and has attracted a lot of attention as a crypto-friendly jurisdiction. On the one hand, clarity in regulation provides a level of protection and assurance for founders and investors. Just knowing what is and isn’t acceptable allows companies a level of certainty when establishing themselves. As of November, the 'Virtual Financial Assets Act, 2018' gives issuers of 'virtual financial assets' the assurance of having a guideline to follow.
Which industries in Africa stand to be disrupted by blockchain technology and cryptocurrencies? How can self-sovereign identity enable financial and social inclusion? What are some of the exciting projects in Africa addressing financial inclusion? Moderator: Ian Merrington. What support can African governments provide to enable blockchain and cryptocurrency innovation?