Grassroots Economics, a Kenyan non-profit foundation empowering marginalized communities to help manage their economic future, launched Bangla-Pesa, an award-winning virtual currency for exchanging goods and services.
Originating in an informal settlement in Mombasa, known as “Bangladesh”, the Bangla-Pesa enabled a small group of traders to work with a new currency.
Now, not surprisingly, Kenya, considered the cradle of mobile payment, is at the forefront of the development of the blockchain. This technique is used to exchange goods, ensure product traceability, or even acquire government bonds.
Now, not surprisingly, Kenya, considered the cradle of mobile payment, is at the forefront of the development of the blockchain. This technique is used to exchange goods, ensure product traceability, or even acquire government bonds.
Bitcoin, encryption, peer-to-peer, and now blockchain…
Blockchain is a way of storing and exchanging information through several hundred computers that form a network. Thus dispersed, the information is protected. It requires a password, held only by those concerned, to be assembled, made understandable, and used.
source: The Africa Report
