WHAT IS BLOCKCHAIN ASSOCIATION OF AFRICA (BAA)
BAA is a non-profit organization incorporated in South Africa which is a Pan African organization with partners in Botswana, Dubai, Ghana, India, Kenya, Kuwait, Namibia, Nigeria, Uganda, Zambia and Zimbabwe. We aim to equip each and every stakeholder with the most appropriate Blockchain education, acumen and tools to shape Africa’s future. The Association regularly brings blockchain stakeholders together in various African cities to educate, provide advisory and training services as well as building the largest community of blockchain enthusiasts on the continent.
Why BAA Exists
Ensuring a future, based on African Ubuntu (humanity) Values, allowing for individual freedom encapsulated by a common vision. Independent and powerful social security systems created on a sustainable foundation to be passed on for generations to come.
The blockchain is a proven technology with the potential to uplift society and individuals based on decentralized and transparent values underpinned by immutable trust and ethics.
By building impactful organizations, solutions and networks that utilize blockchain and DLT (distributed ledger technology) BAA will be the catalyst to address the challenges of living in a society that is being transformed by the fourth industrial revolution, ensuring everyone is able to benefit from what the digital future has to offer.
Blockchain is one of the most talked about and misunderstood topics in recent times, blockchain technology is completely overhauling the way digital transactions are conducted and could eventually change the way several industries conduct their daily business.
WHAT IS BLOCKCHAIN TECHNOLOGY
Blockchain is a decentralized, distributed and a public digital ledger that is used to record transactions across many computers so that any involved record cannot be altered retroactively, without the alteration of all subsequent blocks.
This definition by Don & Alex Tapscott, authors Blockchain Revolution (2016). “The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” – Don & Alex Tapscott, authors
Blockchain Revolution (2016).
The first blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in 2008. Nakamoto improved the design in an important way using a Hashcash-like method to add blocks to the chain without requiring them to be signed by a trusted party. The design was implemented the following year by Nakamoto as a core component of the cryptocurrency bitcoin, where it serves as the public ledger for all transactions on the network.