/ News / 2018/11 / crypto-africa-tracking-african-investors-bullish-on-blockchain-rhinocoin-to-protect-species /
Crypto Africa Roundup: Bullish African investors on Blockchain, RhinoCoin to protect species
& # 39; Rhino Coin & # 39; aims to play a fundamental role in the protection of species
In a country that holds 80% of the world's rhinos population and where 1,000 have drowned each year (since 2013), many South Africans are understandably concerned about the conservation of the rhinoceros. And some enterprising Saffers have launched a cryptocurrency specifically to help preserve one of Africa's most proud symbols.
Called the "rhinoceros coin" and marketed as "RNC", and born from an idea of the founders Alexander Wilcocks and Jacques du Randt, the coin aims to give value to the legal rhinoceros horn on a 1 to 1 gram coin (rhino horn), thus allowing environmentalists to unlock value from a stored asset that currently has no legal market value. There is an ongoing debate between two opposing camps: pro-traders and anti-traders, and pro-traders believe that large rhino horn stocks (mostly acquired through natural mortality) should be sold they will provide income for conservation, while it will hopefully end illegal trade and poaching.
The value of the rhino horn on the international market is about $ 125 per gram, while a Rhino coin is only a fraction of the cost. Investors who purchase Rhino Coin on a 1: 1 basis (against 1 gram of stored rhino horn) not only inject the necessary capital into short-term conservation, but in cases where global trade (which has been illegal since 1977) becomes legal , could achieve significant gains by selling the horn internationally. Until then, since domestic trade is legal, and without prejudice to the investor having the necessary permits, he can redeem his coins if he wishes.
Most investors, however, will be confident knowing they are contributing to the conservation of one of the world's most majestic animals, while looking for solid returns through Rhino Coin trading on Cornu Exchange.
Blockchain technology in Africa increases investor confidence levels
UWIN (Unleashing the Wealth in Nations) has recently published a research that suggests that investors in Africa are increasingly positive due to the increase in technological advances, particularly the blockchain.
Key results selected based on a BlockTribune report include:
· 42% of investors expect lower levels of corruption in Africa compared to only 24% expected to increase
· 46% of professional investors expect Africa to enjoy stronger economic growth than any part of the world in the coming years
· 54% of professional investors believe that Africa will attract more foreign direct investment because the continent will become more attractive to investors because there will be greater stability in the region, followed by the 44% who said that the young workforce is rapid growth gives it an advantage over many developed countries that have the opposite.
· Between 2023 and 2023, 42% of investors forecast a decline in corruption levels in Africa compared to only 24% which is expected to increase
· The lack of infrastructure is seen as the biggest obstacle that holds back Africa – highlighted by 82% of the professional investors interviewed. This is followed by a lack of robust regulation (78% of investors) and political risk (80% of investors). However, among investors there is a strong feeling that many of these problems are starting to be addressed.
· Much of the investment in Africa should continue to improve the infrastructure of the region – 80% of investors expect that the use of Project Finance in Africa will increase in the next five years and the 88% believe that the amount spent on infrastructure as a whole will grow.
· 64% of professional investors expect foreign direct investment in Africa to increase over the next five years "
· 46% believe that Africa will enjoy stronger economic growth than anywhere in the world
· The biggest obstacles that Africa reaches in its potential are the lack of infrastructures, corruption and poor regulation.
SA insurers should consider limiting bitcoin limitation requests in the same way that they claim sub-limitation money, "says Norton Rose Fulbright
Patrick Bracher, director of the law firm Norton Rose Fulbright, has recently warned South African insurers to consider subcontracting requests for Bitcoins in the same way that they subtract requests for reimbursement.
The sub-limitation is a limitation in an insurance policy on the amount of coverage available to cover a specific type of loss. A sub-limit is part, rather than an addition to, of the limit that would otherwise apply to loss.
This occurred after an Ohio court in the United States "discovered that Bitcoin was" property "under the policy of a house and not" money "and therefore the request for lost Bitcoin was not limited by the monetary sub-limit ", according to Bracher
As a result, the contractor successfully claimed $ 16,000 for the stolen Bitcoin while the under-limit & # 39; money & # 39; it was only $ 2,000.
Bracher argues that the way this will be treated in South Africa ultimately depends on how the authorities see Bitcoin in relation to the South African currency. But in the meantime insurers should consider protecting themselves by limiting bitcoins in addition to money.
Learn about Mover and Blocker Shaker from Africa
Ian Bessarabia, head of South African operations for ConsenSys, an international company that focuses on creating blockchain applications on the Ethereum platform. Passionate lover of blockchain and famous international speaker, Ian brings rich experience in ConsenSys, and is "committed to building new transactional infrastructures based on trust mechanisms with a guaranteed execution".
Prior to joining ConsenSys, Ian was Market Development Lead at Thomson Reuters, and in the role of Ian he focused on laying the groundwork for customers to efficiently implement enabling technology platforms, manage workflows in real time, and increase the number of 39; customer experience and profitability.
Prior to this, Ian was Business Development Manager for SWIFT and spent 12 years in RMB Asset Management.
With his vast experience coupled with an innate curiosity, Ian is ready to make a huge difference by bringing blockchain solutions to a continent often criticized for inadequate structures and processes.