How blockchain can help reduce traffic offence bribery
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.
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Archive for category: Lumai Mubanga
Types of Bitcoin users
/0 Comments/by finmailBy Lumai Mubanga. [email protected] There are different conception regarding the use, mining and ownership of bitcoins just as there are different ideas of bitcoin users. This article will discuss the types of general bitcoin users be it millennials or old folks, and the type of services attached to each type. It is noteworthy to state […]
Self-sovereign identity and identity management
/0 Comments/by Mubanga LUMAIToday, there are three major problems with how we transact online today: users have low privacy, fraud prevention efforts cost businesses a lot of money, and password-based authentication leads to frequent data breaches. Will the blockchain-based self-sovereign Identity rectify these?
Bitcoin VS Ethereum – The major differences
/0 Comments/by finmailBy Lumai Mubanga. [email protected] Ethereum and Bitcoin are the two most popular blockchain platforms in the world today, but have two different goals. In a way, Bitcoin is referred to as the “gold standard” of blockchain. Although it is a well-known fact the founders of bitcoin are unknown as opposed to the founders of Ethereum, […]
Bitcoin merchanics – key generation best practices
/0 Comments/by finmailBy Lumai Mubanga. [email protected] Depending on your level of involvement in the Bitcoin ecosystem, you surely should have either a hot or a cold wallet to conduct transactions. Sending and receiving bitcoins into your wallet requires that you generate a private key were you will receive the bitcoins. Recall that, to successfully transact, you need […]
Likely barriers to blockchain adoption in developing countries
/0 Comments/by Mubanga LUMAIWhile the developed countries easily adopt these technologies easily because of their educated populace and advanced infrastructure, the developing countries have their own challenges that make them either delay or forego the adoption. This article will highlight the most likely barriers developing countries will likely face in adopting blockchain.
Blockchain is not a magic bullet for all applications. (part 1)
/0 Comments/by Mubanga LUMAIIn spites of all the enthusiasm and hopes brought by blockchain, it is not a magic bullet for every type of problem or challenges. Many applications continue to be developed for different sectors but not all applications will be blockchain-based. This article looks at which applications may or may not be suitable for adoption on the blockchain technology.
Possible effects of blockchain on world business enterprises.
/0 Comments/by Mubanga LUMAIWith Blockchain gaining more and more momentum and adaptations across different platform, it appears the technology is just heating up and is yet to reach its climax in ita transformative wave across businesses. This article endeavours to speculate on the possible effects Blockchain will have on businesses in general.
Why people may be turning to blockchain for financial trust
/0 Comments/by Mubanga LUMAIAfter the 2007 to 2009 financial meltdown that left millions financially stranded and asset-stripped, people seemed to have gained a measure of trust to blockchain and cryptocurrencies that came on board almost immediately.
Enterprise blockchain platforms (Part 2)
/0 Comments/by Mubanga LUMAIEnterprise blockchain is designed slightly different from private blockchain in general. Remember, there are three main properties that are taken into consideration when designing a blockchain.
