Tag: blockchain

Kenya Plans to Legitimize Land Ownership with Blockchain

Kenya Plans to Legitimize Land Ownership with Blockchain

Technology
Cases of ‘double ownership’ of land are common in many African and developing nations where property is an important store of wealth and officials can be easily paid to change documents. Kenyan Minister of information Joseph Mucheru has been charged with putting together a team to investigate how Blockchain and Artificial intelligence technology can put an end to the theft of land. Proponents of creating a blockchain based title directory say establishing title on a decentralized distributed ledger network takes the need to trust officials out of the equation. Mr. Mucheru said that using a blockchain platform will provide “security, efficiency, and transparency”. Team leader Bitange Ndemo told the BBC “We missed the internet wave, caught up with mobile technology… blockchain is
IBM and Twiga Foods Introduce Blockchain-Based MicroFinancing  for Food Kiosk Owners in Kenya

IBM and Twiga Foods Introduce Blockchain-Based MicroFinancing for Food Kiosk Owners in Kenya

Business
IBM Research and Twiga Foods, business-to-business logistics platform for kiosks and food stalls in Africa, announced that they have extended access to microloans to 220 food stall retailers across Kenya using a blockchain-based financing system. Twiga Foods was looking to expand its logistic services into a total market ecosystem by adding financial services. Late last year, the $13 million start-up began working with IBM Research to deploy a blockchain-enabled supply lending platform to help scale its reach. Small and medium sized businesses (SME) in African countries often have difficulty accessing sufficient credit due to the complexities of financing processes, high loan costs, collateral requirements and lack of a credit score. This can make it difficult for these organizat
South Africa’s Digital Economy Stands out among Emerging Market

South Africa’s Digital Economy Stands out among Emerging Market

Business, Technology
whitepaper released by Accenture and the Gordon Institute of Business Science (GIBS) revealed that although South Africa’s digital economy makes it a standout among its emerging market peers, the country’s digital adoption has not yet translated into industrial growth. According to the report, South Africa ranks ahead of India, Brazil, and Russia on digital competitiveness based on its strengths in areas such as technology skills, research and development expenditure, access to capital, regulatory frameworks, innovation ecosystems and ICT exports. The country now needs to embrace digital technologies to reinvent how its industrial sector operates and re-ignite economic growth. The report surveyed senior executives from leading South African companies in manufacturing and production s
Mastercard  Urges Kenyan Start-Ups to Join it’s Start Path Global Program

Mastercard Urges Kenyan Start-Ups to Join it’s Start Path Global Program

Mobile, Startups
Mastercard’s startup engagement program Start Path Global works with startups to drive new businesses forward and is launching a call for application for its 2016 class. Start Path was established in early 2014 as a way for Mastercard to work directly with global startups building innovative solutions covering everything from blockchain to artificial intelligence and chatbots. Over the last two years, Start Path has worked with over 90 companies across 24 countries. Mastercard is currently running active pilots with or has directly invested in nearly 20 percent of the companies. “In 2014 Mastercard wanted to look beyond itself and support innovation that was being developed by new and upcoming, early-stage companies” said Chris Bwakira, Vice President & Area Business Head East Afri