AFROCHAIN The First Descentralized Blockchain For Africa

lawanson28 (9)in #cryptocurrency • 6 years ago

AFROCHAIN is the first blockchain for Africa. It is the first step toward building a free economy for everyone, giving back the power in the hands of the people of Africa and Africa diaspora. An entire ecosystem is to be built on the AFROCHAIN blockchain. AFROCHAIN native coin is called Afrochain Token (AFR), a Afrochain Token suitable for African-market usage in line with its vision to provide access to financial services for everyone. Users will be able to their own project on the Afrochain mainet. The Afrochain ecosystem will enable users to have access to education, payments, exchange, trading and investing, and lots more.

INTRODUCTION NILECHAIN FOUNDATION

The NileChain Foundation is a private exempted company incorporated and is intended to become a fully decentralized autonomous organization (DAO). The NileChain Foundation will issue a new Cryptocurrency, Nile, to enable a decentralised financial system for Africa emerging market consumers. However, due to the infancy of the crypto governance space, the NileChain Foundation will assist with providing a governance forum, administer and maintain the Nile token economy and its ecosystem in the short-term.

The Nilechain project will be built on the Afrochain mainnet and will be home to an entire ecosystem that will change the live of African people and create wealth for all.

The Real Estate Industry

“A House for everyone in Africa”
Nile Foundation is charity leveraging blockchchain technology to build a decentralized real estate and rental ecosystem that will develop quality affordable houses and use blockchain technology (Nilechain) to make buying, selling and rental process of properties less costly and more convenient and secure.
Housing Problems in Africa

According to a research carry out by UNICEF in 2017, Over the next 15-20 years, Africa’s population will grow by 40%.
Millions of Africans will need shelter – a roof over their heads.
This huge population boom is the strongest underlying reason for the huge demand for accommodation and real estate properties across Africa.
According to the world Bank, an estimates of over 16 million new houses need to be provided to solve Nigeria’s serious housing problem alone, and the estimated cost of providing these homes stands at a whopping $350 billion! That’s too much for any one government to handle!

Solutions

NileChain platform will allow end users to use the NileChain tokens to buy, sale, rent, manage properties and ultimately pay rent and utility bills.
Bridging the huge housing gap for over 100Million people in the continent living in temprory structures – through developemnt of affordable building at affordable cost.

The international investors will be able to access the Huge African real estate market through the HouseAfrica platform property portfolio, they’ll also be able to buy, sell and manage properties from anywhere in the world.

Water Project
PROBLEM: Some sources estimate over 1 billion people, or about one-sixth of the world’s population, do not have access to fresh water. The lack of access to fresh water has negatively affected education, sanitation, and health.

443 million school days are lost each year due to water-related diseases.

In developing countries, as much as 80% of illnesses are linked to poor water and sanitation conditions.

695 million, of a global 2.4 billion people living without improved sanitation facilities, live in Sub-Saharan Africa.

Exposure to unsafe drinking water, inadequate sanitation and poor hygiene is a leading cause of cholera, and a variety of infectious and tropical diseases in the African Region.

Half of the world’s hospital beds are filled with people suffering from a water-related disease.

Nearly 1 out of every 5 deaths worldwide, under the age of 5, is due to a water-related disease.

Nile Foundation is creating the decentralised water funding with the help of blockchain technology and leading water innovators, to dramatically improve the quality of water worldwide. Money raised through the Nile Foundation will help build water pump projects to enable access to water, where it is most needed.

Supply chain:
Can we improve current supply chain systems?
Organisations do not entirely trust each other meaning that they can modify their own database which contributes to the loop of dishonesty. However, by applying a blockchain solution, organizations will be forced to reach a consensus for every modification and/or transaction they do which will be seen by all of them in this public database. Hence, this might increase productivity given that issues such as frauds will disappear leading to a sustainable growth while maintaining the quality of the product. Ethiopia is a suitable example of this blockchain solution given that farmers frequently have issues for knowing whether the product arrived, the customer paid or a possible case in which the product has been lost. As such, a shared database will allow farmers to trace products and record all transactions.

Bill Payment:

Pay bills and school fees in the Nilechain Market for free. The Nilechain Platform will allow cashbased consumers into the digital financial economy. The Nile token is fractionally divisible and more isolated from the volatility of local currencies and global cryptocurrencies. Consumers will be able to engage in the Nilechain ecosystem by making transfers using their own token wallets, via the Nilechain Platform, or through other partner applications that make use of the Nilechain API. Upon launch, the Nile token will have immediate utility within the Nilechain Financial Platform where a user can transfer Nile token to other Nile users for free, remit across borders, and redeem Nile for airtime, data, and other value-added services.

AFROCHAIN SPECIFICATIONS

AFROCHAIN DISTRIBUTIONS

Partner

Details:
website: https://afrochain.co/