The one thing you must not fail to know about is the next phase of the internet.

This new phase of internet will change everything, including you

This new phase will give you new power and influence more than the current one

If you don’t know it now, you may not know that it is already here.

I have come to agree that one of the best means of economic growth is technological breakthrough.

Imagine the invention of the internet and the combined market worth of all the businesses it supports.

That is why , when innovation is taking place, regulators should be careful else they may stop an engine of global economic growth.

Before I explain what I will be sharing with you let me ask you this simple question.

What is the difference between information and value?

I will try to explain them in terms of communication technologies.

When A sends a copy of information such as image, email, pdf to B, he has sent a copy of the information.

That means, the original copy of the document remains with him. 

This is what the current internet does.

Tell me, the last time you send email to people, do you still have the original copy?

The internet we have now simply helps in the transfer of information from one party to another.

But, see it from another angle. When A send a pdf document to B, and these happen;

•   He no longer have the original document
•  He sent the original document and not a copy
•  He transfer the right of ownership to party B
•  This is what we called the transfer of value

The next phase of the internet is the internet of value. 

It will help to digitize everything that has value such as money, content, deeds etc.

The technology of that internet is the Blockchain.

 If you don’t take this seriously you may not know how powerful this will be.

What do you think of this internet of value?

As we do in Tekedia Institute where we add special sessions on moving topics to educate our members, a special Tekedia Live will hold tomorrow to discuss the evolution and potential implications of Zugacoin, which Africas largest indigenous auto manufacturer, Innoson Motors, now accepts as a form of payment, for its vehicles. Zugacoin was created by Nigeria-born Archbishop Sam Zuga.

Franklin Peters Odoemenam, the CEO of Bitfxt, a crypto exchange, which used to employ many people in Lagos, but has since relocated his company to Dubai, after the Central Bank of Nigeria (CBN) restricted crypto exchanges within the Nigerian banking system, will anchor the conversation. Franklin is a Tekedia Institute Faculty.

• Topic: A Changing Continent: Zugacoin, Bitcoin, Fiats and DeFi
• Faculty: Franklin Peters Odoemenam
• Date: Monday, March 15, 2021
• Time: 7pm WAT
• Zoom: Tekedia Mini-MBA Board

NB: If you have registered for Tekedia Mini-MBA edition 5 (June 7 Sept 1, 2021) and want to join, please ask Admin to give you access. If you have not, please pay here and ask Admin to send you a Zoom link to join.

Note: We have spoken with the personal assistant of the creator of Zugacoin, Archbishop Sam Zuga. We are doing everything we can to get him to also join us. Personally, I want to ask him Why Zugacoin when there is Naira? As an archbishop, he is certainly a busy man to be brought in within short notice but we will keep trying. The PA is helping.

Then, most importantly, everything on Zugacoin, BTC, etc is for academic purposes. So, no endorsement. We run a school and not an investment house. So, all is for educating innovators and professionals to understand the changing markets and economics. We have that obligation to do that if we want to be relevant as a school.

Tekedia Team

Boston, USA | Owerri, Nigeria

tekedia@fasmicro.com

Update: Innoson Motors is disputing this but Vanguard Newspapers which broke the news is yet to remove it from its website (see below). We have updated our articles accordingly. This is largely expected as I wrote in my original piece: “This is not going to be the end of this story – I expect the Central Bank of Nigeria to be concerned.” Certainly, Innoson Motors would not like to score an own-goal here. Yet, why it took it more than 100 hours to respond is another story. As always, we see our platform as an education arena – and that does not mean endorsement. Tekedia is a school and teaching something does not mean endorsing it. We will continue to share emerging technologies even if we do not endorse them.  Shine your eyes.