Tag: Blockchain

Blockchain transforming Africa’s supply chain management systems

The complexity of Africa's supply chain management systems has inevitably fueled one of Africa's greatest plagues; corruption. South African Pape Company Sappi partnered...

Chains.com: A new crypto exchange and NFT platform for web3 users

Chains is a MetaFi platform aimed at the next generation of web3 users—a single account connected to multiple products that are connected to multiple blockchains. Our goal is to cater to users who want to utilise cryptocurrency and NFT products without learning the underlying technology. 

Zimbabwe races to launch CBDC

The country’s central bank launched a survey to garner opinions on the feasibility of a CBDC The Reserve Bank of Zimbabwe opened an...

Crypto self-regulation key for sustaining industry’s development

African policymakers have remained apprehensive that people could use cryptocurrencies to illegally transfer funds from the region and sidestep local rules to avert capital outflows. Widespread crypto usage could also create risks for financial and macroeconomic stability by undermining the effectiveness of the monetary policy. The risks become even greater if countries adopt crypto as legal tender. Many people feel that if governments accept and hold crypto assets as means of payment, it could put public finances at risk. Until the time comes that African governments evolve a suitable regulatory response to the rise of web3 and blockchains, crypto self-regulation will help to shield customers against fraudulent elements within the ecosystem.

How to sign up and apply for Humanity Nodes NFT

 The minting of NFTs will start from March 08, 2023, 6 PM UTC+1, 20:00 EAT. The NFTs are a gateway to the Humanity...

Discover Africa’s leading country for Crypto: Which nation takes the lead?

As a continent with 54 countries, there is natural interest to see which country will have the most cryptocurrency users per population and...

Spotify creates a “token enabled playlists” feature on the platform

The feature, called "token-enabled playlists," allows non-fungible token (NFT) holders to connect their blockchain wallets and listen to curated music playlists It is...

Zambia test cryptocurrency regulation using blockchain technology

Zambia has taken its first step towards joining the cryptocurrency-friendly countries in Africa The project which involves the Securities Exchange Commission and the...

Blockchain in IoT: A precursor to the success of Web3

In 1991, Stuart Haber and W Scott Stornetta created the first iteration of blockchain technology, a cryptographically secured chain of blocks. One of...

China’s UDPN targets to set up a Stablecoins-CBDC “bridge”

Hong-Kong based Red Date technology proposed a system called UDPN that will make stablecoins and  Central Bank Digital Currency (CBDC) interoperable To allow...

The evolution of Blockchain Consensus Mechanisms

One of the most important components of a decentralized system is the consensus mechanism that the blockchain network uses to validate transactions We...

UK seeks cryptocurrency regulation before “Britcoin” CBDC launch

The UK government opened a public consultation on cryptocurrency regulation The Bank of England simultaneously released a consultation paper on "Britcoin" There could...

Nigerian Bitcoin Lightning Node finally Achieved

Approximately 22 million people comprise the total trading volume in Nigeria. Megasley created a Bitcoin Lightning node and successfully operated it...

Basic concepts of how blockchains work

In 1998, Nick Szabo, an American computer scientist, coined the term smart contract as he invented the first cryptocurrency, Bit Gold. Smart...

Consortium blockchain: The true depiction of decentralization

A consortium blockchain is a type of blockchain technology that efficiently balances security and availability as a decentralized network Public blockchain networks were...

Blockchain betters revenue for artists in the Music Industry

Only 1% of artists earn 77% of the total income received by artists.  Blockchain music has led to the rampant increase of...