Sending Money on Blockchain. Ubricoin Summit by J.J

Hello and welcome.

My name is Jane Jeremiah and today i am here to invite you to the Ubricoin Summit, a deep dive into the world of modern money cryptocurrency and crypto-economics.

This event will take place at Leleshwa Getaway which is on Glass Lane, Nairobi on the Friday, September 21 and Saturday, September 22, 2018 from 8am to 4pm East African Time (EAT).

Why must you be present at this summit?

At the summit we shall discuss about Blockchain.

What is Blockchain?

Block chain is a technology that enables movement of digital assets such as Ubricoin (Waruingi, 2018).

One of the problems that blockchain will solve is that of money transfer. Today, if a person A in United States wants to send money to person B in Kenya, he/she has to go to a trusted third party, say a bank. Person A in United States will deposit the money with the trusted third party, who in turn will identify and validate person B in Kenya. The trusted third party will then move the money to person B, after taking a fee. The process may take three or more days, sometimes a week.

 

Figure 1. Tradition method of moving money

Blockchain enables transfer of money without trusted third partywithout delay and without fees (Figure 2). Blockchain enables people to move money directly to one another. Nakamoto (2008) referred to this method as peer-to-peer.

Figure 2. Moving money on the blockchain

In a nutshell, blockchain moves money faster than three days. Indeed, it moves money immediately.

Moving money on blockchain is cheaper; there is no third party collecting fees.

Come learn and know how we are doing it.

You cannot afford to miss this!!

Make a date with us!

Again September 21, and 22nd 2018.

The Venue is at Leleshwa Getaway

Karibu sana!

References

Nakamoto S. (2008). Bitcoin: peer-to-peer electronic cash system. Waruingi, M (2018). Ubricoin: Blockchain technology for Global health. Ensuring universal health access for you and your loved ones. Retrieved from https://ubricoin.ubrica.com/white-paper/

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