By Wirba Brice Divine Ransinyuy. [email protected] Much of the happenings around digital currencies has been visualised and focused on their potential to systematically and fundamentally change the financial services and system, be it during online transactions and physical transactions by enabling the financial system to be more transparent and reducing the cost and the difficulties […]
Governments worldwide have clearly spelt out specific penalties related to road traffic offences. Unfortunately, governments continue to lose a lot of revenue due to bribes on the roads.
It is a straightforward fact that the blockhain technology and cryptocurrencies could be of great use and magnitude to companies and enterprise, be it small or large scale enterprises.
We often refer to the public blockchain when discussing bitcoin, Ethereum and other related platforms. Can public blockchain be used for permissioned solutions? Can public blockchain be permissioned?
By Lumai Mubanga. [email protected] The history of Bitcoin is shredded in bad historical “books” partly because of its stringent privacy policy, a policy that made it very difficult to tie digital identities to real world users as well as its decentralization policy, a policy that ensured that no central entity could be summoned to fix […]
Much like any other technological development, the crypto space has seen an explosion in the number of companies that have sprang up to directly or indirectly support the ecosystem.
In 2019, the British broadcasting corporation carried a disturbing documentary entitled “Sex for Grades: undercover inside Nigerian and Ghanaian universities – BBC Africa Eye documentary.” How blockchain can unsettle this?
The government is interested in cryptocurrencies such as bitcoins, which means that most virtual currencies, economic system and authorities financial models are cashed without joining a residential bank. Citizens can transfer large sums of tax without the knowledge of the authorities while avoiding or facilitating the payment of taxes.
Law enforcement is another sector were block chain is yet to find adoption and full implementation. As a security wing in most countries, law enforcement relies heavily on the exchange of information between countries and states.
The introduction of blockchain technology changed the general idea of working harder than wealth. However, this issue has helped the economy to some extent.
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