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Africa Blockchain Developers Call

Fundraising on the Blockchain: How disruptive technologies could aid charities and philanthropy

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Fundraising on the blockchain

Week 7 of the African Blockchain Developers Call, a web conference series aimed at increased participation and adoption of blockchain solutions, was held on the FLOOR Platform on the 17th of October, 2020 where the theme “Fundraising on the Blockchain” was explored and examined by experts and professionals in the blockchain and finance. The finance of fundraising was discussed and how blockchain solutions can drive innovation in the fundraising sector to enhance transparency and ease in the charity sector.

The moderators posited that discourse was essential and important as it is in tandem with current happenings and situations in Nigeria. It was recalled that the cryptocurrency and blockchain solutions came to the rescue when the fintech startup, Flutterwave, which handled accounts for funding for the Nigeria’s #EndSARS protests, shut down the account for donations for the protests upon strong reprisal from Nigeria’s Central Bank. Donations in cryptocurrencies were then enabled and it went a long way in sustaining the protests of Nigerian citizens towards the Police Force and the government to end police brutality. 

Chiagozie Iwu, the Co-Founder of Naija Crypto, explained that his platform is aimed at creating a perfect ecosystem for crypto trade and exchange. He stated that the platform is very helpful to Nigerians in trading in the Naira denomination with other cryptocurrencies and explained that it connects customers with other traders around the world to ease trade and exchange in digital currencies. He mentioned that through the platform’s IEO, it aids fundraisers to have a veritable platform to acure finances, which would go a long way in helping charities in achieving their goals and activities.

Franklin Peter stated that his platform, Bitfxt, enhances trade in cryptocurrency by providing a safe space for customers and crypto enthusiasts to buy and sell their currencies to credible audiences. He mentioned that his platform provides an avenue for newbies to connect with experts in the field of crypto trade, who would lend their experience in ensuring that the trades are transparent and efficient. He also explained that through its peer-to-peer system, aids fundraising in the acurement of funds for charities and causes.

In his platform presentation, Ezra Vazquez-D’Amico, explained that his platform, GiveSafely.io, is a donation platform which helps people to donate to causes they care about in a safe way. He stated that charities are accredited upon compliance with its rules and individuals give to trusts and causes. He mentioned that users are rewarded and points are given to enhance experience on the platform upon use. He explained that blockchain solutions aids its work a lot in building trust, data security and donor control over data to enhance user experience while using the platform.

Panelist discussion on the role of blockchain in fundraising

Panel session on the role of Blockchain in fundraising

The combined panel session explored issues in the fundraising and blockchain sector. The Panelists, which included personalities like Chiagozie Iwu, Franklin Peter, Vincent Hoffmann, EVP, Community Relations, HTMLCOIN and ATHASH; Ezra Vazquez-D’Amico, laid bare their thoughts on the impact could be achieved by adapting blockchain solutions to the fundraising sector and how it would enhance the efficiencies of traditional charitable organizations in giving charities to needy members of the public and in the influence of positive causes around the world.

  • Vincent Hoffmann posited that a lot of due diligence is required as the fundraising sector is now proliferated with fraudsters and stated that adopting blockchain solutions would aid transparency and accountability in the space. He stated that although banks are largely anti-crypto, it would be great to see banks use disruptive technologies the blockchain provides in its operations. He emphasized on the importance of knowledge seeking to the adoption of blockchain solutions to fundraising to prevent fraud and promote accountability.
  • He also emphasized that traditional fundraising modules lack efficient transparency and proper tracking of funds donated. He advised that it is important to look at the driver behind the tech to build trust between fundraising platforms and donors.
  • Ezra Vazquez-D’Amico stated that blockchain technology has been proved by statistics to keep financial transactions more safe. He argued that its adoption protects the integrity of charity organizations in the management of funds donated towards causes. He mentioned that trust should be built with banking institutions to ease the adoption of disruptive technologies to the activities of charitable organizations. 
  • He argued that the lack of technical know-how in the workings of blockchain solutions creates friction between donors and charitable organizations, thereby hindering fundraising. He posited that it is important that blockchain solutions to satisfy the users and the tech solutions must step up to ensure customer satisfaction.
  • Chiagozie Iwu argued that there are a lot of loopholes in laws regulating donations to charity organizations and in turn, they affect the efficiency of IEOs in financial transactions in crowdfunding. He stated that fraud can be tracked on the blockchain and advocated that all the information should be shared via the chain as the platform improves the norms that have been associated in banking activities towards charities.
  • He argued that there is no need for face-to-face interactions before funds are raised for charities as long as the investors are convinced that the charities are being run efficiently. He emphasized on the importance of users indulging in research before using fundraising platforms to prevent fraud. He stated that more could be done in making blockchain solutions more efficient in handling funds handled by charities.
  • Franklin Peter stated that the risks involved in these solutions include the potential to exploit the field because of its openness and experimentation of funds by ignorant individuals to charities where finances may be lost. He mentioned that monies in cryptocurrencies are not subject to securities law in Nigeria as the country is yet to have a solid framework in the trade of digital currencies. He stated that there is no need to create a centralized platform to monitor blockchain transactions as the trades run on smart contracts and it is sure that the tech would make donations reach their desired destinations safely.

The panelists gave opinions on the implementation of blockchain solutions in the fundraising space and how traditional charity organizations could explore and adopt these solutions to their activities to promote accountability, efficiency and accountability.

The African Blockchain Developers Call virtual weekend series is still ongoing. You can register via this link: https://bgeg.floor.bz/

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Adedimeji Quayyim Abdul-Hafeez is an enthusiast of digital technologies and loves studying new trends in the technology sector. He loves innovation and believes science holds the keys to future's fates. He tweets @quayyimbakr and receives mails at quayyyimadedimeji@gmail.com

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Africa Blockchain Developers Call

Africa Blockchain Developers Call organises pitch day, set €1000 cash reward for best pitch

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The Africa Blockchain Developers Call (ABDC) is set to hold its Pitch Day, which is a day event for finalists of the ABDC Bootcamp. The event would be held on Saturday, 28th of November, 2020.

The event, sponsored by Jelurida, shall witness finalists “present their amazing real life possible Blockchain solutions in different economic sectors.” The Bootcamp trainees shall present their three projects on the Ardor Platform in a competition to win the grand prize of €1000. According to the organization, the prize shall be awarded for the best solutions deployed on the Ardor Network.

The pitches shall include the presentation of Prynk, a veritable saving plan. Also, Medsync, a healthcare management platform, would be pitched by the finalists. The third pitch would be based on the blockchain solution MV Ledger, a distributed store chain solution which is built to store vehicle information from manufacturer to end-user.

The event, which is scheduled to be held on the virtual conferencing platform, Zoom, would be held by 12:00 PM West/ Central Africa time. The event is aimed at rewarding innovation and talent in distributed ledger technologies and stimulate participation in the blockchain sector. Details of registration are contained here.

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Africa Blockchain Developers Call

ABDC Series draws to a close after twelve weeks, explores Blockchain Application to Smart Metering and Real Estate

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It has been an adventure into a world of insight and prospects, as the African Blockchain Developers Call ended its weekend series with its final session on the 21st of November, 2020.

The session, marking its scheduled twelfth session, with the themes “BlocBlockchain in Smart Metering as applicable to Power, Water etc” and “Blockchain in Real Estate” featured an examination into the prospects of blockchain technology in driving innovation and Smart Metering and Real Estate. The session, which was a merger of its intended theme on Smart Metering and theme of the Series’ eight week on Real Estate which was re-scheduled, featured insightful discussions from experts who preferred solutions on how blockchain could drive positive change in the sector.

The session had blockchain experts and professionals such as Nnamdi Uba, Joey Jones, Adedayo Adebajo, John Karanja and Vincent Hoffmann who drove discussions on the workings of the sector and how new technologies could drive efficiency and transparency in the industries.

Smart Metering was proposed as a viable solution to the transparency aimed to be achieved in some sectors and as a paradigm creating newer business opportunities on a competitive terrain. Also, the Real Estate session featured possibilities of Blockchain, IoT synergies in the space and how effective tokenization of real estate assets could be on the blockchain.

The twelfth session would serve as the last of the Series which explored viabilities of the application of blockchain technology to fundraising, agriculture, media and arts, governance, health, education, supply chain and decentralized market places towards driving innovation in these industries.

The convener of the Series, Adebayo Adebajo, explained the objective of the sessions and stated that the sessions had gone a long in driving brilliant discussions and conversations on the application of distributed ledger technologies to different industries to drive growth and development. He mentioned that the African Blockchain Developers Call had also driven a lot of enthusiasm and interest in the blockchain solutions through its Bootcamp, where budding developers and enthusiasts are trained on the workings of blockchain and how they could apply them to industries to drive innovation and development.

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Africa Blockchain Developers Call

How blockchain applications could drive innovations in the Agriculture industry

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Blockchain applications in agriculture

The African Blockchain Developers Call (ABDC), a web conference series aimed at increased participation and adoption of blockchain solutions, which ran on its on the FLOOR Platform consistently for more than ten weeks, explored the theme “Agriculture Blockchain Applications” in its tenth week of its weekend series. The session, which explored the pros and cons of the application of blockchain to the agriculture sector and the possibilities of IoT and blockchain synergies applications to the industry, was held on the 7th of November, 2020.

In the keynote address titled “Distributed Technology for Green Economy Revitalization,” the Special Guest of Honour and Keynote Speaker for the Session, Genevieve Leveille, explored on the significance of individuals and countries being bedrocks for upliftment of the agriculture sector to grow economies and the impact of Distributed Ledger Technologies in increasing effectiveness and ease of agricultural operations. She highlighted the activities of her organization, AgriLedger, in providing services to farmers by using new technologies to simplify and ease agricultural processes. She also mentioned that DLTs has potentials of increasing profits, ensuring food sustainability, implementing automation and uplifting farmers towards driving innovation in the agriculture sector.

For the Platform Presentations segment, Ismail Waziri Gombe, who serves as Secure Agric (Agrikoin)’s CEO, stipulated the operations of his organization in building sustainable agricultural platforms and aiding farmers in the financial transactions relating to their businesses. He highlighted his platform’s collaborations and partnerships with the Bank of Agriculture in developing strategies towards effective distribution of farm products to farmers in developing farmlands. He stated that blockchain helps in driving accountability amongst participants in the agriculture industry towards driving development in the sector.

In the GEORA platform presentation, Birdie Ohlsson explained how the platform agri-supply chains by using disruptive technologies in driving sustainable development in agriculture. She stated that the platform works with farmers, industry bodies and financiers in providing financial solutions in the sector. She mentioned that DLTs and blockchain has helped its users ease their operations in the agriculture sector towards ensuring proper record keeping and accountability in the sector.

Cassiano Peres, Brexbit’s Co-Founder, explained that the platform provides modern solutions to the lack of validity for data, lack of transparency in information and the hitches in bureaucracy in the agriculture sector. He stated that the platform uses Ethereum Smart Contracts in creating versatility and laying foundations for blockchain technologies for users in providing security, accountability and transparency in the records of farmers. He mentioned that disruptive technologies hold the potentials in driving information security and transparency in the agriculture sector.

In the GH Blockchain platform presentation, Hilina Damte stated the platform’s quest in digitizing and revolutionizing trade, especially in the agriculture sector. She emphasized that inefficiency, lack of visibility, data management and barriers to finance affects farmers in productivity and her startup is focused in solving these problems and providing solutions to these hitches. She explained that the organization is committed to “solving inefficiencies and building transparency in the export sector using blockchain technology for payments, tracking and smart contracts.”

Panel session on the roles Blockchain can play in the Agriculture industry

Africa Yikes Farm projects in Kenya
Africa Yikes Farm Projects in Kenya

The combined panel session explored issues in the fundraising and blockchain sector. The Panelists featured professionals from the sector including Genevieve Leveille, Hilina Damte, Cassiano Peres and Birdie Ohlsson who all delved on emerging issues relating the disruptive technologies and blockchain in the agriculture sector and the viability of blockchain in driving innovation in agriculture towards collective development.

Birdie Ohlsson argued that the pandemic period is a moment of re-evaluation of policies in place in the agriculture sector to allow for disruptive technologies to drive growth in the industry. She stated that agricultural supply chains could utilize blockchain technologies in certifying assets and creating transparent registries that would go a long way in creating credible records for businesses of farmers. She also mentioned privacy poses a challenge to records in agricultural industries and urges industries to invest in securities and encryption to keep their records safe and unbreached.

She stated that accessibility to the internet is a challenge to the adoption of blockchain technology and urges platforms to use techniques that would lessen this inconvenience and improve better in Internet connectivity. She emphasized that tech providers should orientate farmers with value statements on why they should adopt blockchain to their businesses and they should also ensure that they serve up to the quality of services they claim to provide.

Cassiano Peres mentioned that territorial and infrastructural differences could either pose challenges or potentials to the application of new technologies or solutions to agricultural processes and called for proper evaluation of policies before the adoption of blockchain technology to agriculture. He advised that platforms should adopt strategies to trace data and products to allow for ease in the oversight of processes in the agriculture sector.

Hilina Damte examined agricultural practices in Ethiopia and mentioned that new technologies would go a long way in facilitating cooperation between farmers and consumers and creating a future workforce where there is integrity and transparency in the data driving the markets. She argued that farmers should be on the frontlines to enable end-to-end visibility that would drive development in agri-businesses and supply chains, going a long way in making these technologies work. 

She mentioned that blockchain and distributed ledgers, being booming technologies, would improve accessibility to data and posited that government regulations not caring up to new innovations may be a big drawback to the adoption of blockchain technology to the agriculture sector. She submitted that African industries hold promise in the drive for innovation in the agricultural sector.

Genevieve Leveille posited that there is an opportunity to adopt blockchain solutions to the sector in promoting transparency in agricultural processes to improve data security and record integrity of farm records. She stated that she believes in collaboration amongst participating parties as blockchain allows the participation of diverse parties to achieve fair outcomes. She mentioned that trust should be created to enable participation and seamless adoption of the blockchain and new technologies in agriculture.

Ms. Leveille stated that the adoption of AI technologies would create an opportunity in understanding what the demands and shortages are and would be able to drive intelligence and productivity in agricultural processes that would drastically decrease loss. 

The speakers and panelists explored strategies and policies to ensure agriculture blockchain applications and the prospects of blockchain technology in driving innovation and development in the agriculture sector and in agricultural industries.

The African Blockchain Developers Call virtual weekend series is still ongoing. You can register via this link: https://bgeg.floor.bz/

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