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Home Blog Page 6932

The Amazon’s Kuiper Satellite Internet and Africa’s Unserved and Underserved Communities

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By Nnamdi Odumody

Amazon will launch a constellation of 3,236 satellites to help people access high speed internet. The initiative called ’’Project Kuiper’’ will help the ecommerce giant increase global access to the internet.  Tesla is doing the same thing with Starlink. Also, OneWeb is also working in the same domain: using satellites to improve penetration of Internet usage.

The United Nations estimates that half of the world’s population, mainly in the developing world, will still not have access to the internet by the end of 2019. In January 2018, it outlined a series of targets that if met would drastically improve worldwide internet access by 2025.

As noted above, Amazon joins space exploration company SpaceX which plans to launch its own satellite internet service and fellow technology giants Facebook and Google which have launched Facebook Basic and Project Loon moonshot projects, respectively,  to provide internet connectivity to the next billion in emerging markets like Africa.

Project Kuiper is a new initiative to launch a constellation of Low Earth Orbit Satellites that will provide low latency, high speed broadband connectivity, to unserved and underserved communities around the world.

Project Kuiper is a new initiative to launch a constellation of Low Earth Orbit satellites that will provide low-latency, high-speed broadband connectivity to unserved and underserved communities around the world. This is a long-term project that envisions serving tens of millions of people who lack basic access to broadband internet. We look forward to partnering on this initiative with companies that share this common vision.

Nigeria’s MainOne and Avanti Communications, a leading provider of satellite data communications services in Europe, Middle East and Africa, recently entered into a partnership to provide affordable broadband access to all Nigerians, irrespective of their locations, at affordable prices. This partnership which will see Avanti providing the latest Ka-band satellite communication services to ensure that enterprises, public locations including schools and hospitals as well as individuals, in the most remote areas of the country, benefit from the digital inclusion that reliable broadband connectivity provides.

MainOne should collaborate with Amazon on its Project Kuiper initiative to provide access to internet connectivity for all Nigerians, and the rest of West Africa, meeting the needs of millions of consumers across the country, and sub-region, who are currently without internet capacity, as this will lead to increase in the standard of living and the expansion of GDP.

Zenvus Loci Demos – Website Revealed

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We have sent many packages across major cities with Zenvus Loci as part of our product final qualification. To our partners, our team will be happy to do demos with you this week. We are still using 3D printed prototypes with soft ABS – the final manufactured ones will be super-neater and -harder with actual hard ABS plastics.

Loci is a disposable or reusable package GPS that you can put in a briefcase, cargo, personnel, etc and monitor in real time its location. We see opportunities in tracking the specific cargoes (not just the trucks), ecommerce shipments, security guards, equipment on transit, law enforcement (police, army, etc), human (child, oil workers, etc), luggage (individuals shipping via buses, personal air travel luggage, etc), vehicles (no installation), etc. It is cheaper than anything in the market and it is rechargeable with USB.

For example, to track a car, one does not need a mechanic for all the complex wiring: just drop it anywhere inside the car (booth, under seat, etc) but make sure say every week to recharge it.  And if you are sending a package using a luxury bus (like ABC Transport in Nigeria), you can put the device inside the package to know where it is on the way. It requires extremely affordable monthly subscription to use. Loci is an ecosystem with analytics, API and inventory management solutions.

We invite partners that want demos to reach out to our team here.

Loci360.com: This is where the items are tracked.

From Guest view tracking – it provides info on the battery usage

This is Zenvus Loci

When Nigerian Bitcoin Traders Weep Over Paxful

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Nigerians have taken the Estonia-based Paxful to EFCC (Economic and Financial Crimes Commission), a financial crime buster, for freezing and suspending their accounts on the cryptocurrency exchange where they trade Bitcoin and other cryptos. There is nothing new here I must write: when you sign-up to trade a currency that is out of bounds to any regulator, unconstrained and unbounded, as you want freedom from central banks, you should expect anything.

The shame here is that people that believed that cryptos give freedom from governments are now running to governments for help. That has been my concern on cryptocurrency: it is rigged against the small people. Despite the “decentralization” promise, I am not aware of any major miner in Africa simply because this is a technology game where the best wins. You might have decentralized Terms of Service but you did not decentralize technological capabilities and access. That Paxful is deactivating accounts is expected in this sector because it answers to none: the Securities and Exchange Commission (SEC) Nigeria does not regulate it!

It said, “A few days ago, our organisation was approached by some Nigerians who complained bitterly that Paxful Incorporated, the company that owns the online cryptocurrency trading and exchange platform, ‘https://paxful.com’ has been ripping them of their life investment in cryptocurrency by suspending their accounts, deactivating their wallets and refusing to return the value in their accounts to them even after investigation and finding that they were not involved in any fraudulent activities.”

The petition disclosed that the digital currency trading firm generated over $20 million profit in 2018, adding that its Nigerian customers provided 40 per cent of the revenue from trade in Bitcoin, Ethereum, Litecoin and others.

[…]

Olanrewaju said, “We have about three million Nigerians trading on Paxful platform and they accounted for 40 per cent of its revenue. Despite this, the leadership of the firm was always referring to Nigerians as scammers. I once challenged the Managing Director, Ray Youssef, for referring to us as scammers on an online forum.

“Paxful allowed all kinds of illegal trading because it was making profit from them. They even allowed Nigerians and other nationals to sell iTunes and Walmart cards in spite of the fact that these cards cannot be exchanged in Nigeria.”

[…]

“All accounts that have been shut down have a reason for it. We will not shut down any account unless they violate our TOS (Terms of Service),”  an emailed statement from the company said.

When contacted, the acting EFCC spokesman, Tony Orilade said, “Based on the acknowledgement stamp on the petition, I can confirm that we have received it and we would investigate the allegations.”

I hope Nigerian government through the Central Bank of Nigeria and EFCC will help them from Paxful. But I will expect Central Bank of Nigeria to give these Nigerians a document to sign. In that document, it should write:

“I believe in public regulation of markets. Trusting central banks is better than trusting one guy in a room in Estonia or Russia or America to create my money, build systems for trading the money, and become a regulator of my real Naira. I understand that I am stupid, after MMM, to trust these companies with no operations in Nigeria to do the right things always. The Nigerian government will charge me 90% for all recovered monies since any recovery effort will be funded from the public accounts of the Nigerian people.”

LinkedIn Comment on Feed

You never appreciate the usefulness of legal instruments or why we need governments, until you run into trouble…

Freedom comes with responsibility, but hence it’s impossible for all humans to behave well, no matter how well you choose to treat everyone; it becomes necessary to put checks in place, to minimise chaos.

To have over three million Nigerians trading cryptos, in the same economy that appears to be having liquidity issues says a lot about how average people’s mindset is. We all want to make large sums of money, without products and services, no identifiable value creation.

And now the “decentralised” platform appears to have been ‘centralised’ from one corner of the world; forcing victims to run to the very people they have been fighting to avoid…

Always know what you are wishing for, there is more pain on the other side.