In today’s day and age, blockchain-based technology and its applications have advanced the innovation in many fields, such as the electronic money transfers, personal banking, online payments, Internet of Things, distributed storage, digital voting and others. While most of the cryptocurrencies have a dystopian future in vision, in which end-user is 100% disconnected from the industry, some new players have started to fill in this gap (Ripple, Populous, Ethereum etc.) by becoming a bridge between financial institutions or companies and the cryptocurrency adopters.
- Increase Blockchain Adoption in Uganda, East Africa, Africa and Beyond.
- Create job opportunities for users in the blockchain industry.
- Help enterprises to apply blockchain technology in their business.
- Encourage the community’s active contribution to develop a community economy.
- Allow cross border and cross-industry transactions.
- Enhance the efficiency of locating global professional services providers.
- Ensure proper automated settlement and transparency through Blockchain.
HOW SPAIKCOIN WORKS
Skills and human development
For the blockchain technology to spread, the talent pool needs to deepen. One of the challenges and concerns identified for this technology to grow and its application to expand, there needs to be a critical mass of skilled human resources in terms of developers, integrators and administrators that can build and maintain the system this technology will be operating.
As a new technology and the fact that there is limited funding to support the commercial scaling up of prototypes, it would be helpful to identify successful use cases to scale through some sort of financial and institutional partnerships. Furthermore, the involvement of local financial institutions is paramount importance to mobilise capital for entrepreneurs that face challenges in accessing capital. Spaik Technologies will use part of the reserved SpaikCoins to help fund such potential sartups.
Given that, across the continent, more than half of the 54 African countries have an
electrification rate less than 20%, and electricity produced in Africa is very costly for
households, there a need to improve energy access in Africa te get full benefices of blockchain technologies. SpaikCoin Deployed its System on the ethereum blockChain for now to reduce on the need for such energy comsumptions.
Smart contracts are often seen as a highly powerful application of blockchain technology. These contracts are actually computer programs that can oversee all aspects of an agreement, from facilitation to execution. When conditions are met, smart contracts can be entirely self-executing and self-enforcing. For advocates of smart contracts, these tools provide a more secure, more automated alternative to traditional contract law, as well as an application that is faster and cheaper than traditional methods.
The potential applications of smart contract technology are essentially limitless and could extend to almost any field of business in which contract law would normally apply. Of course, while highly touted, smart contracts are not a magical substitute for old-fashioned diligence.
Digital Currency Evolution
SpaikCoin want digital currencies to be so easy to use your Grandma would use them. SpaikCoin Evolution will enable you to signup and access your SpaikCoin from any device and transact as easily as you can with PayPal, but in a fully decentralized way.
Connectivity across payment networks
Instant, on-demand settlement
Real-time traceability of funds
Low operational and liquidity costs
The SpaikCoin token is to compliment a fiat-based system. The token will be used alongside other currency in which any transaction is done. Companies will each pay with SpaikCoin tokens for each transaction that successfully leads to a match, Except for products that only demand SpaikCoins.
Ssenoga Isiah,Founder & CEO
Mike Harrison, Chief Information Officer
Naome Jemie, Chief Human Resources Officer
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