Cryptogene — Using Blockchain Technology

erika
erika
Aug 26, 2017 · 4 min read

1. Introduction

Blockchain uses Ethereum for running contracts and applications. It is adopted in developed economies. In Africa ICT growth is about 70% and mobile subscribers have increased from 2 million in 2000 to over 1 billion in 2016. It combines crypto-currency and blockchain technology. It aims to — 1: Educate, 2: Adopt and 3: Implement.

Cryptogene community enables its members to involved blockchain in their business and daily activities. It may solve many problems in Africa and this needs the right information, integration as well as excess to the global community.

2. Concepts

The CGT token helps solves the following 6 concepts:

2.1 Cryptogene-Learn (DIGEST)

The problem:

Knowledge has to be transferred, shared and there should be local content. This gap between knowledge and sharing is seen in Africa because of factors like poverty, education and cultural limitations. We have to share knowledge of skilled professionals and amateurs including Government organizations and individuals.

The solution:

Cryptogene-Learn (DIGEST) helps in solving, sharing problems in Africa. For poor Africans, it serves as a blockchain-based platform for knowledge sharing purposes. Cryptogene-Learn removes the bottlenecks and helps transfer of ideas faster.

2.2 Cryptogene-Mart (BlockMART)

There should be a sound payment system. In Africa, the banking system is weak because of technical insufficiencies. Payments have to be made sufficiently and safely.

The problem:

In Africa, there are problems when payments have to be made across the continent. About 15–20% of Africans have bank accounts, 60–70% have mobile phones to settle bills and so on, 65% of the people in Kenya pay for goods, bills and other household services, withdraw cash by using mobile phones.

The solution:

There is a need for regulations regarding payment by using blockchain technology and Cryptogene-Mart. The professionals and retailers accept crypto currencies as a form of payment for goods and services on a faster basis. Thus integration will speed up by non-cash payments. And thus, expanding the trades which will inturn increase the economic growth.

2.3 Cryptogene-Ex (Havene)

The problem:

Each African country has its own currency and faces difficulties with exchanging the various national fiat currency. This has separated them from the other parts of the world as well as from themselves.

The solution:

Cryptogene-Ex (Havene) solves this problem. The currencies are exchanged for cryptocurrencies. Users are now able to trade faster and the cryptogene token is their currency for exchange.

2.4 Cryptogene-Talk (Spiel)

Knowledge and sharing information lead to growth and development.

The problem:

The Internet transfers knowledge and information. Online communities of training are created. Internet makes learning to be shared but this has not reached Africa yet.

The solution:

Cryptogene-Talk (Spiel) is a social media forum for communication. It invites members for events like bitcointalk forums.

2.5 Cryptogene-Build (Silk)

In Africa, entrepreneurial revolution increases growth and development and provides jobs and sustains families.

The problem:

The main problem is inadequate funding in Africa. They need aid for growth and expansion.

1. Limited access to financing.

2. Weak infrastructure.

3. Almost no Government support.

4. Inconsistent Governmental policies.

5. Competition from globalization and cross border payments.

The major problem is lack of funds and lack of skilled workers.

The solution:

Small business owners need training and knowledge so that they can get funding. Cryptogene-Build (Silk) has a voting mechanism and the individual has to vote to implement a probject.

2.6 The Cryptogene Token (CGT)

It is used in cross-border transactions. Funds for projects will be raised. It will be less expensive and used for all Cryptogene projects.

ICO

The token for Cryptogene is known as CGT. There are total 50,000,000 tokens available of which 25,000,000 tokens will be issued on Waves platform for sale for a price of $0.05 per token in the pre-ICO and $0.1 per token in the ICO.

Final Thoughts

Cryptogene will be the first blockchain technology. Users can share ideas to adopt into daily lives. It can increase African trade, provide financial services. Fees may be little or there could be no fees at all. It is trustworthy. It will enable Africans who lack bank accounts to use Cryptogene instead.

Website: http://www.cryptogene.co/

ANN: https://bitcointalk.org/index.php?topic=2026485.0

Whitepaper: http://www.cryptogene.co/uploads/1/0/8/4/108490073/cryptogene_whitepaper.pdf

Author’s Bitcointalk Profile Link: Erikalui

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