The third week of the weekend series of the African Blockchain Developers Call, a web conference series aimed at increased participation and adoption of blockchain solutions, was held on the 19th of September, where the theme: “Decentralized Marketplace as a Usable Solution in Africa”, was explored and examined by experts and professionals in the blockchain space.
In her keynote address, Rebecca Fernandez, who is the Founder and CEO of Human Capital Blockchain, discussed solving gender inequality with blockchain and using the gender gap tracer to bridge the gender gap. She explored how systemic racism has undermined female representation in many global sectors and how human bias, lack of participation and many other factors had caused an alteration in the gender parity system, thereby, making a gender susceptible to influence and domination by another gender. Problems like lack of traceability, adequate records and transparency in the HR, and how blockchain solutions could fix these problems, were examined. Rebecca also explained how the gender gap tracer in blockchains can promote gender parity and eliminate systemic racism in organization workforces.
Ciaran McGowan, who is the CEO of we.trade, discussed decentralized marketplace and how we.trade could help African individuals and organizations to decentralize the marketplace by using the platform for transparent and direct transactions. He explained how the platform enhances trade transparency and how users make trade in fairly convenient ways that enhance their abilities to make profits for their businesses.
In his session, Modibo Matsepane, who serves as the Africa Community Coordinator for Paxful, explained how Paxful could help individuals trade their bitcoins with relative ease and convenience. He explained that the platform enhances the trade of cryptocurrencies in a transparent manner and boosts e-commerce in the quest for development. He stated that the organization is people-oriented and that since its inception, it had eased the financial transactions of people across Africa as they buy and sell their bitcoins.
During the combined panel sessions, professionals like Modibo Matsepane, Ciaran McGowan, Carl Amorim, Nena Nwanchukwu and Rebecca Fernandez laid bare their thoughts on the session’s topics, and how blockchain solutions can aid faster acceleration towards the decentralization of marketplaces in Africa and around the globe.
Modibo Matsepane discussed how decentralized markets aid entrepreneurship and cyptocurrency trading, and how Paxful enhances decentralization with its trade policies. He stated that companies should ensure that the platforms they build should be strong enough to ward off cyber attacks and that organizations should go the extra mile to ensure that user data is safely protected.
Ciaran McGowan explained that although centralized markets have their merits, their reliance on intermediaries, high prices and other factors, often undermine their efficiency. He stated that platforms like We.trade, help to bridge the gap towards decentralization by making transactions easier, more transparent and convenient. He discussed how we.trade addresses information sharing and how the platform puts the interest of the customer first, through healthy competitions between banks to satisfy their wants.
In curbing DDOs attacks on wallets and currencies, he suggested that organizations should take measures to prevent cyber attacks and employ the use of applications to ensure user data is not lost during encroachments on privacies. He enjoined Africa to take a more cohesive approach towards adopting blockchain solutions to decentralized marketplaces.
Carl Amorim, the Executive Representative at the Blockchain Research Institute, stated the challenges of Decentralized Autonomous Organizations (DAOs) and how the change of policies in the sector could bring forth positive sets of results. He suggested that cloud services providers should be employed and multiple security protocols be furnished to platforms to prevent theft of revenues and breach of privacies. He states that he is optimistic that new models incorporating DAOs would be adopted for organizations to fully optimize blockchain solutions.
Nena Nwanchukwu, who is Nigeria’s Regional Manager for Paxful, proposed that companies should hold security keys to wallets of new users until they are able to handle the wallets efficiently. She explained how her platform has ensured that people using it do not become victims of scams, and how sensitization is key to shielding customers from fraud.
Rebecca Fernandez believes that blockchain technologies and solutions could help bridge the gap of gender disparities, even earlier than the 2030 date foreseen by experts. She stated that mindsets of individuals and governments must change to ensure equal gender representation in key roles in the society. She also believes that gender inclusivity holds the key to collective growth towards the quest for development.
The panelists gave impactful solutions towards implementing decentralized marketplaces in Africa, and how blockchain solutions could aid in assisting growth of technologies and innovations in African systems.
The African Developers Call Series conference holds every weekend on Saturdays. Registration is still ongoing. Click the link below to go the event page.