Intolerable Digitalization: 5 Simple Tips on the Advantages of the Digital Economy in Sub-Saharan Africa

Figures show that the digital economy is becoming a big part of the global economy. In many Sub-Saharan African countries, some aspects of the digital economy have already had a major impact on people’s daily lives. This is especially true for mobile payments. In a country like Kenya, mobile payments are 10% of annual GDP. Other factors, such as the emergence of equipment and increasing connectivity in the affordable appliance market, are driving the movement towards socio-economic and cultural digitalization. As a result, there are many positive outcomes that these countries need to focus on and strengthen. Here are five such benefits:

1. The digital economy boosts business creativity and entrepreneurship

The connection between the digital economy and creativity is almost clear. These major technology services of recent years are based on disruptive ideas. Creativity is the driving force that allows us to solve the problems around us and take advantage of opportunities. Now is the ideal time to break the rules, build and innovate a culture, find original ways to monetize ideas, and ultimately have a profound impact on society. The idea to invent a touch screen medical tablet came to a young Cameroonian engineer during an internship at a public hospital. During his internship, he decided to solve the problem of critical heart failure by installing a device that could conduct medical examinations in remote areas and transmit the results to doctors for interpretation and diagnosis. Staying competitive in this digital age requires you to invent new business models and approaches to reach customers and markets. The good news is that people can be inspired by many successful examples in today’s world.

2. The digital economy has a direct impact on employment

There are many potential jobs related to the field of ICT, such as computer and electronic products, software publishing, telecommunications or IT. There is also a need for specialists in the global ecosystem: mobile application developers, information scientists and social network specialists. Of course, there is a need for skilled workers all over the world, and this allows everyone to develop their career at any time, even in the comfort of their own home, locally or globally. Self-employed and entrepreneurs can take advantage of the many opportunities available to build their businesses. But it should be noted that people need to work together, share new ideas, evaluate their projects and develop synergies. It may be important for both employers and employees to think deeply about changing their work habits with the Uberization of the labor market.

3. The digital economy opens up Africa as a global potential market

Contrary to some people’s misconceptions, Africa is not a country. But one of the most promising prospects for the digital economy, especially for investors, is the ability to look at the African market as a whole or at least as a block of potential customers with similar purchasing power and / or lifestyles. Today, many managers and business developers are targeting an increasing number of African urban consumers as they become demand drivers. Africa Internet Group (a startup founded in Nigeria in 2012) currently runs e-commerce companies in 26 African countries and has recently received a total of $ 245 million in additional investment to support its sustainable growth. Entrepreneurs today need to have the mindset of African musicians, as many thought of their art as something to be appreciated in many African countries. And that’s why they list the cities they think will succeed with their art: Douala, Abidjan or Nairobi, and even other cities outside the continent.

4. The digital economy creates positive social effects

For some people outside the financial system, mobile devices have become a gateway to some financial services. It was even the first step to connect them with the rest of society. Nowadays, anyone with mobile money can, for example, buy a plane ticket (or train or bus) from a mobile phone without a bank account, which requires proof of official work. There are still ways to optimally explore the adaptability of microcredit to mobile money, which can appeal to a dynamic population without the funds and ideal projects to invest. Similarly, areas such as m-health and m-education are just beginning to be explored.

With the digital economy, the production chain is a shortcut and collaboration is a path to great success. Immediate access to information for all reduces inequality among citizens. Everyone can have the ability to take their destiny into their own hands without being connected to a powerful network. With the potential growth created by these patterns and the application of good practices by various stakeholders, sustainable development is a normal outcome of those positive effects.

5. The digital economy promotes sustainable development

It really requires less storage, less facilities, and sometimes no need for resources; “Dematerialization” is positive for the environment. For example, if people buy fewer cars because they share with other people through a digital platform, it can effectively contribute to reducing traffic in our cities and bring more ecological balance.

As noted in the latest UNESCO report, along with social and economic dimensions, culture is gaining ground in today’s immaterialized world. This is the time to develop locally relevant content that will be used by the growing demand for books, music or movies. The quality of many tools allows serious artists to create and present their work to the world. And it is even easier to raise funds through crowdfunding and other digital financial instruments.

The digital economy is emerging in sub-Saharan Africa as a powerful catalyst for growth and development. But people need to learn to work together and be open to the world. You need to have creative ideas and find disruptive ways for events to happen. There are opportunities everywhere to meet personal needs and help others.

What is the Trend in Artificial Intelligence in 2018?

Machine learning is a form of Artificial Intelligence. Companies have begun to use intelligent algorithms to help machines make more informed decisions. The possibilities of artificial intelligence are innumerable and will have a great impact in the coming days.

Artificial intelligence and machine learning are predicted as game changers. In Gartner’s Top 10 Strategic Technology Trends for 2018, he described “Artificial Intelligence (AI) and Machine Learning (ML) together contribute to the gradual establishment of the Intelligent Digital Mesh.” In this article, we will talk about the ongoing trends in AI.

1. Consumers will interact more with devices

In 2017, about 20 million Amazon Alexa speakers were sold, and if we add Google and Apple devices, you can already imagine how many people are interacting with the technology.

As smart assistants integrate with our everyday devices, by the end of 2018, consumers will be more comfortable with sound-based technology.

2. Logistics is efficient

Amazon Robotics is already using a combination of artificial intelligence and advanced robotics to help large box retailers with logistics. We enter a world where the warehouse will be filled with high-efficiency robots that can work 24/7 and even without light. Technology is growing and we will see the important role of artificial intelligence in various industries.

3. Peer-to-peer network

The growth of peer-to-peer networks, as used by cryptocurrency, will help small companies manage advanced AI applications using the collective power of personal computers connected.

4. Machine learning staff will also support

While some are concerned that the AI ​​crowd will be fired, AI technology also has the ability to empower employees, especially those in the knowledge sector.

According to Kerry Christensen, Mint Solar’s Vice President of Operations, “This technology can teach service personnel to communicate more effectively with the customer. Expect artificial intelligence to be more supportive of white-collar workers in 2018 and beyond.”

5. AI in medical diagnostics

Ben Hortman, CEO of Bet Capital LLC, explained: “We are entering a time when a network of peer-to-peer computers may be able to solve some of the world’s most difficult health problems by collecting and analyzing human molecular data.”

This technology is inspired by two trends – blockchain and artificial intelligence.

What we read in the science fiction novel is now reality. Technology is evolving and changing the world economy. However, each work must benefit to some extent from ongoing technological trends.

Latest Trends to Follow in Cloud Computing in 2020

The use of cloud computing has become commonplace in the existing corporate industry. Almost everyone has heard of it, and its benefits are broad and far-reaching – saving costs, increasing efficiency, helping to get things done faster, and so on. Various market studies over time have shown that cloud computing by businesses and technology houses is bound to increase in the coming years.

So far, there have been some notable changes in the field of cloud computing, and it will be important for businesses to look at cloud computing when investing their time and capital.

Quantum Computing-

Quantum computation literally turns into hours-long tasks, and now it will take less time, or more precisely, seconds, as an exponent. This means that computers and servers will now process data much faster than usual and will soon increase network speeds. It should be borne in mind that modern networks are based on cloud computing, which means that with the development of quantum computing, fundamental technological changes in cloud computing will inevitably occur.

Using blockchain

Blockchain technology has led to the development of faster network systems. Many businesses, especially the Financial Technology Power Center, have increased the use of blockchain in the analysis and approval of cryptocurrencies. At the heart of all this is crypto-trading, initial coin offerings, and cloud computing, which has the potential to take place, among other things.

Enhancing Digital Knowledge-

As a new workforce is hired over time, we see that they are better acquainted with the technological advances of newer technologies, especially cloud computing. In this way, companies will see that they have two types of employees – technologically advanced and non-technologically advanced. Companies will have to conduct various training programs and inductions to ensure that the older generation is digitally informed.

Employee mobility –

By drawing correlations from the growing digital knowledge among employees, a trend that is soon beginning to attract new employees is related to employee mobility and their performance. With cloud computing, employees do not need to be in their offices and booths every time they work. They can work and work from any place, from any device. No company that does not offer them mobility will have loyal employees.

Edge Computing –

Edge computing means “bringing the calculation closer to the data source”. As a result, communication between the network and the data source is significantly minimized, computing speeds are increased, and costs are significantly reduced. How does this happen? Can by calculation. This technology is used in modern devices, such as smart refrigerators, smart speakers, cars, and so on. is used and this is only possible thanks to cloud computing.

AI (Artificial Intelligence): New Invention –

Artificial intelligence is considered the future of digital automation. The automation opportunities it offers to companies have surprised even the most optimistic, and even with his critiques, people have begun to realize how useful artificial intelligence can be. With artificial intelligence, we are expected to see an increase in devices using external computing, ie it is based only on cloud computing. Artificial intelligence is something that every business should look for.

Serverless computing-

This is a newly developed cloud computing model where a dynamic backend system helps you scale your use up and down depending on the use of your application or service, instead of using predefined servers. The technology is also considered a futuristic technology supported by people like Microsoft CEO Satya Nadella. You will see an increase in open source serverless computing service providers, thus reducing the need for server providers that you need to connect to for their services.

Information Center Ecosystem-

Combining the power of machine learning, cloud computing, and data processing with quantum computerization, we will see that software will soon become more of a service than a subscription-based product, and it will be easily used by companies and businesses with these newly developed programs. technology. Thus, the project completion time will be reduced, costs will be reduced and unnecessary processes will be reduced. Today, it can be seen that the way data is viewed will revolutionize cloud computing technology.

As a result, the current advances in cloud computing are simply a look at what is expected. This is just a database. At the beginning of it all, there will be many new innovations and technologies that will revolutionize everything we do.

All Eyes are on the United Trade Club

The world is witnessing a period of constant change in the economic representation of what money looks like.

In the past, objects of value were used as a medium of exchange, and then coins were included, and now, like the fiscal bill, the economic market is turning irreversibly against cryptocurrency, and the truth remains that sooner or later you must change over time.

The situation in which every capitalist tries to escape is that there are ordinary people who have as much control over their finances as the capitalists. The first step to becoming rich is to control your finances, which can lead to financial decisions that will increase your investment wisely.

UNITED TRADE CLUB is a conglomerate established to make the benefits of the three major financial markets accessible to all; to make sure that people make real investment decisions that benefit them for the first time using cryptocurrency. The United Trade Club launched a trade and profit product initiative called TRADE-o-BOT with an army of experts who have spent years studying Blockchain and the cryptocurrency market. Trade-O-Bot is an automated robot trading system developed by a specialist team of trained professionals to trade simultaneously in three major financial markets to maximize profits for investors.

The United Trade Club was established for those who want financial freedom, education and knowledge about new trends in the economic market against the cryptocurrency market. The user-friendly interface, affordable packages, additional benefits of being a user and even more attractive bonuses of being an affiliate all combine to ensure that everyone who becomes a part of this business earns the highest level of profitability and at the same time learns that no layman can. know the financial market.

The United Trading Club is the best thing that will happen to cryptocurrency users and traders, even saving on cryptocurrency because they are trading for you and you can earn extra income just by being a branch and referring to others.

A team of professionals from experienced Blockchain developers who keep the system at the top of the chain, business people who know the best way to pass on knowledge about complex Blockchain technology, marketers, psychologists and a team of lawyers – all contribute to the security and effectiveness of the platform and related activities.

The rapidly evolving technology of the blockchain platform and the ongoing research are constantly being improved to keep up with more research than any other group of experts.

The United Trade Club welcomes every entrepreneur, supporter, official and employee interested in the financial market.

With all its achievements, the United Trade Club is the future of cryptocurrency-supported trading.

Cryptocurrency Mining

Cryptocurrency production is an endless game in this digital world. Bitcoin was the first decentralized currency introduced in the early 2000s. Mining cryptocurrency is a complex procedure for checking transactions and adding them to the public book (blockchain). This booklet of past transactions is called a blockchain because it is a chain of blocks. Blockchain is used to confirm that transactions have taken place with the rest of the network. Blockchain is also responsible for issuing new bitcoins. Each of the existing cryptocurrencies depends on the main idea of ​​the blockchain.

Mining process

Cryptocurrency was designed to be decentralized, secure and unchanging. Thus, each operation is encrypted. Once this encrypted transaction occurs, it is added to what many call a “block” until a certain number of transactions are recorded. At this point, the block is added to the public blockchain. When mining cryptocurrency such as Bitcoin, Dash, Litecoin, Zcash, Ethereum, and more, the miner must collect the final transitions into blocks and solve a difficult puzzle in terms of calculation. There are several online bitcoin mining sites. It has become a very popular way to make money.

Cryptocurrency is cryptographic, that is, it uses a special encryption that allows you to control the creation of coins and confirm the transaction. The block is currently very unusable in its current form. However, after applying the algorithm to a certain block. After adaptation, the miner receives a few bitcoins. To earn bitcoin through mining, a miner must be a technician. The production of bitcoin for profit is very competitive. The price of Bitcoin also makes it difficult to make money without speculating on price. The payment is based on how much their devices have contributed to solving this puzzle. The miners check the operations, make sure they are not lying and keep the infrastructure buzzing.

The best coins for mine

Bitcoins are not a decent decision for drillers who make a small-scale hit. The existing speculation and maintenance costs, as well as the obvious scientific problem of the procedure, simply do not make it productive for the buyer-level apparatus. Currently, Bitcoin mines are reserved for large-scale activities as well. Litecoins, Dogecoins and Feathercoins, again, are three Scrypt-based digital currencies that have the best money-saving advantage for students. Litecoin’s current estimate is that a person can earn between $ 50 and $ 10 per day using customer-level mining equipment. Dogecoins and Feathercoins will be marginally less profitable with similar mining equipment, but are becoming more popular every day. Peercoins can also be a fairly fair gain for your time and vitality initiative.

As more people join the growth of cryptocurrency, your decision may become more difficult to mine, as more expensive equipment will be required to find the coins. You will either have to make a strong contribution if you have to stay in the production of that coin, or you will have to take your income and switch to a less demanding cryptocurrency. Understanding the 3 main bitcoin mining strategies is most likely where to start; This article focuses on the mining of script coins. Similarly, make sure you are in a country where bitcoin and bitcoin mining are legal.

The purpose of the stomach

Let’s focus on mining cryptocurrency. The whole point of mining is to do three things:

1. Give accounting offices to the coin network. Mining is every minute of daily PC accounting called “transaction verification”.

2. Receive a small reward for your accounting offices by accepting one coin every two days.

3. Reduce your personal expenses, including energy and equipment.

Some Basic Terms

A free personal database called a coin purse. This is a password-protected container that stores your earnings and an extensive record of transactions. AMD’s similar free mining software package usually consists of cgminer and stratum. Register for a web-based mining pool with a community of miners who connect their computers to increase profitability and wage stability. Register for an online money exchange where you can exchange your virtual coins for regular cash and vice versa. Reliable full-time web association, ideally 2 megabits per second or higher. Place the device in your basement or other cool and air-conditioned space.

A work area designed for mining or a specially designed personal computer. You can actually use your current computer to get started, but you will not be able to use the computer while the drilling machine is running. A separate personal computer is ideal. Tip: Do not use a laptop, game console or handheld device to mine. These devices are simply not successful enough to generate a salary. A special processing device called an ATI graphics processing unit (GPU) or mining ASIC chip. Prices will range from $ 90 to $ 3,000 used for each GPU or ASIC chip. The GPU or ASIC will assist accounting offices and mining operations.

A home fan to blow cool air into your mining computer. Mining generates significant heat, and cooling equipment is critical to your well-being. Personal interest. With constant innovation changes and new ways to improve coin mining, you definitely need a strong appetite to read and learn constantly. The best coin miners spend their time consistently considering the most ideal ways to regulate and increase their coin production performance.

The Profitability of Cryptocurrency Culture Every time a mathematical problem is understood, a fixed amount of bitcoins is created. The number of bitcoins generated per block starts at 50 and halves from every 210,000 blocks (about four years). Currently, the number of bitcoins per block is 12.5. The last halving took place in July 2016, and the next halving will be in 2020. Profitability assessment can be done using various online mining calculators. The development of digital currency standards, for example, has led to major initiatives by companies such as Bitcoin, Ethereum and Bitcoin Cash, and this is required to help the market develop in the near future.

Cryptocurrency mining is an intensive process in terms of computing, and several individual computer networks are required to verify the transaction log, known as a blockchain. Excavators are offered a portion of the operating costs and are more likely to find another block by contributing to higher computing power. These support operations help provide enhanced security to network customers and guarantee integrity, which is trusted as a significant factor influencing the development of the global cryptocurrency mining market.

The best books on cryptocurrency

Sovereign Individual ~ by James Dale Davidson and William Rees Morg

Sovereign Person is one of those books that changes your worldview forever. It was published in 1997, but you will be amazed at how much it expects the impact of blockchain technology. With the transition from industry to the information age, we are entering the fourth stage of human society. You need to read this book to understand how things will change.

As it becomes easier to live comfortably and earn money anywhere, we already know that in the new information age, those who really develop will be employees who are not tied to a single job or career and do not depend on space. The desire to choose where to live based on price savings is already more appealing, but it goes beyond digital mobility and free concerts; the foundations of democracy, government and money are changing.

The authors predicted the collapse of Black Tuesday and the Soviet Union, where the growing power of individuals would coincide with decentralized technology escaping the power of governments. The number of deaths will be private, digital money for the nation-states they predict with an extraordinary assumption. When this happens, the dynamics of governments will change, like stationary bandits robbing hard-working citizens of taxes. If you are someone who can solve people’s problems anywhere in the world, then you are about to enter a new cognitive elite. Don’t miss it.

Option Quote: “As technology becomes mobile and cyberspace operations become more and more popular, governments will no longer be able to charge people more for their services.”

Sapiens: A Brief History of Mankind ~ Yuval Noah Harari

When I want to impress someone with how beautiful this book is, I ask, “Do you want to know the main difference between humans and monkeys? A monkey can jump up and down a rock, wave with a stick, and shout at his friends. He sees a danger in front of them.” Danger! Danger! A lion! “A monkey can also lie. He can jump up and down on a rock, and in fact, when there is no lion, he can wave with a stick and shout about a lion. He is just stupid. and swing a stick around and shout, “Danger! Danger! Dragon!”

Why is this? Because dragons are not real. As Harari explains, the human imagination, our ability to believe and talk about things we have never seen or touched, has enhanced our ability to collaborate with strangers. There are no gods, no nations, no money, no human rights, no laws, no religions, and no justice beyond human imagination. We are the ones who do them.

All this is a great preamble to our current situation. After the Cognitive Revolution and the Agricultural Revolution, Harari directs you to the Scientific Revolution, which began only 500 years ago and can begin something completely different for humanity. But the money will remain. Read this book, money is the greatest story ever told, and trust is the raw material from which all kinds of money are minted.

Choice Quote: “Sapiens, on the other hand, live in a triple reality. In the world of Sapiens, in addition to trees, rivers, fears and desires, there are also stories about money, gods, nations and corporations.”

Money Internet ~ by Andreas M. Antonopoulos

If the two books mentioned above help to understand the historical context in which Bitcoin first appeared, this book expands the topic of “why” with infectious enthusiasm. Andreas Antonopolous is perhaps the most respected voice in the crypto space. He has been traveling the world as a Bitcoin evangelist since 2010, and this book is a summary of his conversations between 2013 and 2016, all of which are being prepared for publication.

His first book, Mastering Bitcoin, provides an in-depth technical look at technology, mostly aimed at developers, engineers, software and system architects. However, this book uses some choice metaphors to explain why you can’t ban or turn off Bitcoin, how important scale discussions are, and why you need the help of designers to mass-produce Bitcoin.

He writes: “When you drive your new car for the first time in a city, you walk on roads used by horses with infrastructure designed for horses. There are no traffic lights. There are no traffic rules. There is no asphalt. Roads. What happened? Car balance and four legs But go fast for a hundred years, and once ridiculed cars are the norm. If you want to swim in the philosophical, social, and historical consequences of Bitcoin, this is your starting point.

Option Quote: “Bitcoin is not just money for the internet. Yes, it is the perfect money for the internet. It is instant, safe, free. Yes, it is money for the internet, but more than anything. Bitcoin is the internet. It is a currency. Currency is only the first application. If you do, you can look beyond price, you can look beyond volatility, you can look beyond fashion. Bitcoin in itself is a revolutionary technology that will change the world. Forever. Join. “