Juliet BThe event is taking place very soon and is getting a lot of attention. This year's edition of the African Technology Summit- Africa Tech Summit will be held in Kigali, Rwanda, from February 13 to 15, under the theme “Where African technologies come together”.
Ten young African companies in the technology sector were selected to participate in this fabulous summit. We decided to tell you about the three which are based on blockchain. Yes, we are indeed a blog dedicated to bitcoin, aren't we?
That said, the other 7 startups are just as promising!
In a very traditional way, the Africa Summit will bring together banks, investors and businesses to discuss the opportunities and challenges facing startups within the continent's technology ecosystem.
We will also discuss the merits of blockchain in the African economy. We hope for an even stronger awakening of consciousness.
Blockchain-based startups selected for Kigali:
The three blockchain startups selected are Leaf, RideSafe and DeMars, according to the results announced by the co-organizer of the event: the essential Disrupt Africa.
Leaf : the bank for refugees
Leaf is a fintech startup that uses blockchain to create a virtual bank and provide financial services to emigrants, refugees and excluded people. The startup generally targets unbanked people.
According to Leaf, the mobile application platform under development will be used “to facilitate the conversion of currency to virtual currency using blockchain technology.” The app will be very important for refugees or displaced people who need to cross multiple country borders for security reasons, as it will allow them to store their money in stable investments.
We also saw in a previous article how Blockchain projects can promote development in Africa. Notably, this startup deals with this problem of the unbanked, like virtual banking Nebeus.
To protect refugees from the volatile nature of cryptocurrencies, the value of their money will not be stored in digital currencies. Additionally, the platform will also be accessible through any mobile device without the need for a smartphone. This is also a strong innovation. Users of the Leaf mobile app can also have their loved ones contribute to their accounts, after which they can make withdrawals when they reach safe zones in the new local currency or use their balance as collateral on a microloan .
RideSafe: To prevent accidents
Kenya-based RideSafe is an app first insuretech for mobile powered by blockchain that provides real-time health solutions to the public motorcycle sector in the event of an accident. The blockchain used is that of Aeternity.
The RideSafe app (literally “ride safe”) will provide a platform for couriers to make weekly ($0,35) or monthly ($1,5) payments through their mobile wallet, which will enable them to obtain immediate and immediate first aid from RideSafe partner facilities.
Currently, RideSafe has over 15 partner facilities.
The app will also allow cyclists to interact with service providers, report accidents, locate nearby facilities and receive token rewards for good behavior over time. It’s a kind of SAMU operating on the blockchain.
Basically, two-wheel drivers notify partner health services in the event of an accident for greater efficiency. Each time they prevent a case, they are rewarded in tokens. This therefore makes it possible to remunerate the people who provide assistance on the roads.
By notifying a particular partner facility of an accident, the app will allow the service provider to adequately prepare for the new patient and bill the app for the amount billed to the victim. The app will ensure that injured people can get timely first aid treatment while providing the best service. It should be remembered that at present, helping an injured person can take a long time, particularly because of a delayed alert.
Although the app currently targets two-wheeled vehicles in Kenya, the company plans to expand to both Central and East Africa and, eventually, the entire continent.
Of March, the ultra-light crypto mobile bank
Of March is a Mauritius-based startup working on the first mobile money platform and Blockchain protocol for emerging markets. The new technology is expected to provide financial services to 1,7 billion young adults, two-thirds of whom have cell phones but do not have bank accounts. Although cryptocurrencies like Bitcoin are quite good at allowing individuals to quickly transfer money anywhere in the world, they are difficult to use, purchase, spend, and are limited.
What to remember from Of March, is that it is a wallet and crypto exchange solution that consumes little data. The company claims to consume 80% less mobile data than its competitors.
Already the biggest difficulty is for Africans to buy the first bitcoins, who are mainly initially obliged to do it hand to hand via LocalBitcoin for example.
Additionally, apps and transactions tend to use a lot of mobile data, which is expensive, increasing costs for users. This is where DeMars comes in. The platform will seek to reduce the volume of data spent in transfers made without compromising cryptographic security. In this way, the platform aims to solve the scalability and speed problems common to most digital currencies.
According to DeMars' roadmap, the Beta mobile app will be available in June 2019 with deployment in South Africa and Zimbabwe. Planned deployments for the rest of Africa and Europe are planned for June 2020, if all goes well.
The Africa Tech Summit: the way to attract investors
These three startups, Leaf, RideSafe and DeMars, will all have the opportunity to showcase their services to over 400 investors, accelerators, incubators, business partners and media.
Additionally, the fact that three out of ten startups attending one of Africa's largest technology conferences, leveraging blockchain technology to deliver their solutions, is a testament to the level of adoption in the field currently experiencing Africa. We also feel that the highest authorities are beginning to understand the positive impact of blockchain for the African economy.
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That said, certain projects were not represented even though they represent an incredible step forward for African development.
Do not hesitate to read the article we devoted to this subject:
