As the Bitcoin and Blockchain craze take root in Nairobi, here is a simple explanation of the two.

Nairobi is a buzz with the words; "Bitcoin", and "blockchain". But many can't really figure out how the two are related or what exactly is a bitcoin. I went to the web to find the best explanation of the two and found Professor Shai Rubin's  explanation. 

Professor Rubin explains that Bitcoin is not blockchain. Bitcoin is a digital coin, whereas blockchain is the technology that allows movement of digital coins from one party to another. Digital currency is just one of the many applications of the block chain technology.  Blockchain like any other new technology seeks to solve an existing problem. The following are the problems that blockchain seeks to solve;

Crowd Farm Africa - A Kenyan Social Enterprise to Watch

 

Green house, photo credit;crowd farm Africa

Crowd farm Africa is a Kenyan startup that has found an innovative solution to farmers’ idle land, and the desire to grow money without effort.  

The firm brings together investors to put money in commercial farming projects on leased land. You give your money, and crowd farm uses it to run an agricultural project within a farming season. You get back your money plus profits but less an administration fee that is less than 10% of your investment. They also take   25% of the profits. 

The unique selling point for crowd farm Africa is that it uses conventional farming methods and has a strong management structure.

This firm is expected to grow into a multinational in a relatively short period.