Africa's leading blockchain infrastructure seeks to spearhead the tokenization of the rich natural resources of the continent
MAHE, Seychelles, July 27, 2021 (GLOBE NEWSWIRE) -- “Once in a while, mankind unlocks a secret so profound that our lives are forever altered. We have fire, electricity, splitting the atom, jollof rice, blockchain...” These were some of the words of Ernest Mbenkum during his keynote speech at the launch of Bantu Blockchain - arguably the leading global Blockchain infrastructure built out of Africa for the rest of the world.
Africa and in fact other emerging economies - because of their peculiar economic situations, youthful population and an affinity for adopting new technologies - find themselves at a vantage point to repurpose emerging technologies to more specific and relatable use, especially in solving their socioeconomic challenges. One only needs to look at the inception, explosion, proliferation and popularity of Mobile Money technology in many parts of Africa to fully appreciate how these demographics are able to easily take advantage of new technologies to cause rapid shifts in their way of life, social interaction and commerce.
As the rest of the world engages in debates about Bitcoin (Blockchain’s firstborn application) and its relevance either as a medium of exchange or a store of value, many other Blockchains have been innovated to solve more specific problems. These innovations have led to breakthroughs such as decentralised finance as well as smart contracts.
What is Bantu Blockchain about?
Bantu Blockchain combines the best features of many of the leading technologies to address some of Africa’s biggest problems, and it takes a subtly contrarian approach in building for the general public first, and then for nerds and developers. Bantu Blockchain combines speed, security, reliability and includes human elements of fairness and sharing to empower participants on the network while lowering the entry barriers for participation. Unlike many other platforms that tend to benefit the early adopters; often those with a lot of money and mining rigs, Bantu Blockchain uses a fair economic incentive model to reward all participants of the network according to their contributions regardless of what time they join the Blockchain network as contributors in innovation and hardware resources.
It is this contrarian - or better put - innovative approach that led to the development of adoption tools from the very first day of launch. Such tools as the Bantu Token Creator that allow users (people or enterprises) to create blockchain based digital assets with just a few clicks and without the need to hire engineers are just one of the ways Bantu seeks to enhance adoption of the technology with relatable applications. When the barrier to entry of a new technology is low, the rate of adoption and innovation can be pretty explosive.
Bantu Blockchain applications and services are ready to use from Day One
Some of the Bantu Blockchain applications and services that are ready to use from the get go include:
What are some use cases of Bantu Blockchain?
Bantu Blockchain has gone live with Institutional partners from Day One
This is hardly the norm in the Blockchain space. Many projects put out a proof of concept and fancy (often compelling) whitepapers and then beat the hype drums to the highest decibels; but they end up not delivering on their promises when the hype is over. You do not need to look too far to identify such projects that are so popular but are fundamentally lightweight when one takes a closer look. Bantu Blockchain on the other hand, because of its approach to have Day One ready solutions has been able to attract industry players and certain governments to begin using its technology stack to build innovative, relatable and potentially life improving solutions.
These institutions and Enterprises have also chosen Bantu due to the ease of adoption (low learning curve), ridiculously low fees and insanely fast transaction speeds (2-3 seconds), as well as support from a professional team who possess a deep understanding of Africa’s peculiar socioeconomic needs, and who also has huge experience with technology deployments.
Among such institutional and enterprise partners who are building on top of the Bantu Blockchain stack are:
Did I miss an ICO? Was there ever one? How did the team get so far without one?
The Bantu Network Utility Token (XBN)
Where can the Bantu Network Utility Token (XBN) be acquired?
TIMBUKTU: On 19 July 2021, one of our developer community members went live with a full Non-Custodial and innovative Peer to Peer Exchange named Timbuktu where members of the Bantu Ecosystem can exchange Bantu Blockchain based tokens with one another in a peer to peer manner using a wide range of payment methods. The service has been running with constant improvements being implemented by the very innovative and capable Timbuktu team. They took this product to market within 90 days of making their announcement.
BITTREX GLOBAL: Even at that, the rapidly expanding Bantu community have been campaigning for XBN to be listed on centralised Exchanges. We are therefore happy to announce here first that the Bantu Network Utility Token (XBN) will be listed on Bittrex Global Exchange today 27 July, 2021. Bittrex Global will be the first centralised Exchange to list XBN publicly.
Who is the team behind Bantu Blockchain?
The team has a remarkable combined experience in Blockchain (as thought leaders, entrepreneurs and programmers), Africa (as indigenes and residents), as well as work experience in Fortune 500 companies (as developers and deployers of enterprise grade solutions). Our team members have worked in various capacities at reputable organisations such as Apple, Dell EMC, PwC, ABB, MTN, Interstellar and Cisco Technologies.
The Bantu Blockchain Foundation team members work from all across the Globe.
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Name - Bantu Communications
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