Dedicated to providing blockchain and cryptocurrency Analysis

Author: Nana Amma Asante-Poku (PhD)

What is the significance of a public blockchain bond for the bond market?

Major financial institutions have recently moved into the blockchain space – the World Bank is no exception. In August 2018, the World Bank announced that it had launched the world’s first public blockchain bond known as Bond-i or Blockchain Offered New Debt Instrument. Park et al. note that ‘the bond market plays a salient role in financing budget deficits, infrastructure investments, and private sector projects.’ Bonds are financial instruments (loans/debt), generally issued by governments and corporate bodies, to fund new projects or an expenditure, at an interest rate and over a specific period of time. Ordinarily, a bond unlike...

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Applying the Blockchain to Land Title Registration in Ghana

By now, believe it or not, you’ve heard of how the blockchain technology can be applied to anything and everything! An interesting application is its use for land title registration. An efficient land title registration is key to developing a country’s agriculture and infrastructure, among others, as it offers security of land tenure. Unfortunately, many countries in sub-Saharan Africa (SSA) including Ghana have been unable to put in place an effective and efficient system for land acquisition,  land valuation and record keeping. Existing Challenges Land in Ghana is generally classified into four types; Stool Land  (managed by Chiefs), Family...

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The use of blockchain technology to enhance agriculture production in Nigeria

Technology use in agriculture is nothing new; applying the use of blockchain technology in agriculture is something new.      In Nigeria, 80-95% of agriculture production(e.g. maize, rice, yam, tomatoes) is by small-scale farmers who cultivate land sizes of 2 hectares or less. These farmers are constrained in their ability to particularly access finance. FAO (2018) states that only 7% of small scale farmers in Nigeria can access finance. Other constraints include inadequate access to inputs, extension services, marketing and pricing information. All of this results in low farmer income, low food production, low quality food and wastage, food insecurity,...

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Decentralization of Public Blockchains: Truth or an illusion?

A touted inherent characteristic of most public blockchains is their decentralized system of governance. Governance refers to the protocols which determine how the network accepts, processes, validates, shares, stores and secures information or transactions. Traditionally, transactions (whether financial or non-financial) are carried out with the help or assistance of the state, banks and other organisations. These institutions have been fundamental to coordinating transactions and achieving consensus. Therefore, they usually control access to and the flow of information, as well as the processing and storage of information, resulting in centralized (hierarchical) system of governance where power is in the hands...

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What is Blockchain Technology?

Image from Getty Images The Blockchain technology (BCT) is recent; however, its potential to significantly impact how we interact with each other is immense. As Bitcoin prices dramatically rose in 2017, interest in the technology (blockchain) underlying it and other cryptocurrencies increased. BCT however, has applications beyond cryptocurrencies. A blockchain is a database, register or ledger of transactions (both financial and non-financial) in the past and present. This ledger has no central authority or organisation responsible for managing, storing and processing the information it contains, making it a decentralised system. Furthermore, the ledger is shared with or available to...

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