- There are not legal barriers by Kenyan government, to implementation of Ubricoin. As explained earlier, Ubricoin is a utility token. Utility tokens are not regulated by any government. The U.S. Securities and Exchange Commission ruled last week that Ethereum is not an equity instrument. Ubricoin is built on Ethereum protocol as a utility token. Utility tokens are not regulated.
As a crypto-currency, Ubricoin will operate just like fiat currency (e.g., dollar, Kenya shillings), but without intrinsic friction inherent in fiat currency. You can pay for goods and services with it without incurring charges from international exchange rates. Consensus by a network of computers all over the world verify transactions on Ethereum blockchain. As such, there are no middlemen, or organizations involved in validating transactions. Computer validation of transactions is by far, safer and inexpensive, because it does not incur costs such as human resources and fees that would be involved running transaction through a third party trusted human organization, say a bank. Furthermore, it is far easier to corrupt a human being than a computer. Humans are also prone to manipulating supply of money and prices in their favor. A programmed computer validation system helps to overcome problem associated with trusted third party human organizations.
- After the sale completion, Ubricoin will be the standard payment for health services in the country and perhaps the world.
- It will also be used to participate in all Ubrica projects e.g sokojanja,com to purchase local products.
- Ubricoin will facilitate the creation of an incentive program to reward excellence in education, research and practice
- It will build financial incentives for traditionally marginalized hardworking people who contribute knowledge for the betterment of humanity
Ubricon is built on Ethereum blockchain, with an ERC20 contract. You need to have an Ethereum wallet and some Ethers in your wallet to buy Ubricoin.
The following is a list of compatible wallets that accept ERC20 contract with their categories. This list is constantly changing with time.
> MyEtherWallet — online wallet
> Metamask — work with Chrome and Firefox
> Mist — desktop application
> Parity — a desktop application
> ImToken — Android phones and Apple iPhones
We recommend MyEtherWallet for an online wallet and Mist for a desktop wallet. You can also try to work with MetaMask which is also easy to work with.
Desktop wallets are considered more secure than online wallets and are highly recommended. For that we suggest official Ethereum wallet, Mist.
KMA Membership Committee in Nairobi Division conducted a survey in June 2018 under Chairmanship of Dr. Macharia Waruingi of Ubrica, convener of membership committee, Media outreach committee and medical camps committee Nairobi division KMA. Preliminary results of the survey show various concerns raised by the doctors who participated. One of the concerns raised was that KMA should come up with alliances with international partners to strengthen the area of research.
KMA has an objective of liaising with other medical associations around the world. Some of the partnerships that KMA has include partnership with Medical Practitioners and Dentist Board (MP&DB), Ministry of Health, International and National Pharmaceutical Companies and Pharmaceutical Society of Kenya (PSK), Civil Society Organizations and Human Rights Groups, Universities, Medical Schools and other Institutions of Higher Learning.
Partnerships lead to combination of ideas, learning from others experiences, invention and innovations. Collaborations between the government, individual investors and other organizations (local/ international)that deal with health will lead to improvement of healthcare for all. KMA Partnerships with health organizations in Kenya and elsewhere will play a big role in development of our health systems and also in attainment of KMA goals. A number of doctors who took part in the survey felt there is need of KMA partnering not only with local organizations that deal with health but also international ones.
As we strive to achieve global health , partnerships between local and international health producers are very critical. KMA can be organizing avenues for interaction between doctors in Kenya and elsewhere. It is in these avenues that doctors can share ideas, experiences, concerns, challenges and their possible solutions. Doctors can also learn from each other and get new ways of preventing, treating and curing different health conditions. Medics can also share with each other different technologies that they use in their work places for easy and effective functioning. Concerns that have developed from various research work carried out by different medical practitioners can also be discussed. Inventions and innovations that medics in different countries have come up with can also be shared among the doctors. These forums will lead to the professional growth of doctors and creation of sustainable solutions to health issues.
For you to give suggestions on organizations you would like KMA to partner with, click on the survey link below.
Complete KMA Member Satisfaction/ Needs Assessment Survey: https://www.surveymonkey.com/r/7K5GFDY
Join conversation on KMA Telegram group for in-depth updates here: https://t.me/joinchat/I1wWcki3NO3hlHs_zz9SWg
Join the conversation about Ubricoin on Telegram:
Find Clinical Proceedings from Hospitals of Kenya:
Ubrica Official Discussion Group on Telegram :
Caroline Muthoni Ndigirigi.
Tokens and coins mean the same thing. The term coin indicates cryptocurrency as aspect of the token. That is when the token operates as cash. Ubricoin is an ERC20 utility token, built on Ethereum blockchain protocol. As an ERC20 token Ubricoin is a distributed application that operates as (a) crypto-currency, in which case we can call it a coin (just a name), and (b) a utility token in Ubrica ecosystem. As a utility token, Ubricoin is not an equity instrument such as a share of common stock. A utility token gives you access to products and services. A Ubricoin represents future access to Ubrica ecosystem. There are two types of utility tokens: (a) digital coupons, and (b) tokens that provide users with access to its decentralized forum (i.e., products on Soko Janja, health services acting as health insurance). Ubrica will issue tokens for development of its projects and this allows the token holders to access different Ubrica products or services in future. Participants in the Ubrican community can buy the token and use them to access
Ubrica services, products and produce. The main purpose is to get access to the Ubrica ecosystem, but not to gain profits or dividends. Token holders will be enrolled on Soko Janja at no cost and get medical services at a URCCs without paying cash. The main value of the token is access to Ubrica’s proof of stake protocol tokenization platform.
The unique value proposition of Ubricoin is its focus to support development of life-science and health production in developing countries. According to our knowledge, no one else has created a crypto coin to support life science and health production in Africa. We have developed Ubricoin on blockchain to serve as a platform devoted to improving quality of health for all. Ubricoin will help to achieve global health. We will use Ubricoin to develop global health industry and create market intelligence through a cryptocurrency reward system that will inspire positive contribution to health improvement around the world. We will use a smart review system to reward consumers for positive health behavior. Educators at all levels of education, researchers, and practitioners at all levels, will also receive rewards for excellence, quality of work, and positive contribution to society. We believe in a future where everybody has access to best health products and services. We believe in great health that is easily accessible and affordable to all. We believe in a future of universal health access. We expect that Ubricoin will improve health related quality of life and quality adjusted life years. In addition, we believe that Ubricoin will reduce the enormous burden of disease, particularly in the developing world, and eliminate years of life lost due to disease.
Universal health is not something that one rolls out. Many of our people are not interested in learning or understanding what is universal health. The government’s approach to universal health involves getting people to pay monthly contributions to the National Hospital Insurance Fund (NHIF). This approach is faced with two distinct difficulties: (a) the people working in the government are indifferent about where people get money to contribute to the Fund, and (b) the people working in the government are oblivious of the micro-economic problem of prioritizing family budget.
People working in the government are indifferent about where people get money to contribute to the NHIF
A huge problem in Kenya, is that unemployment rate can be as high as 90%, for people graduating from university, in certain disciplines. Millions of market-ready people cannot find jobs. It is extremely naïve to ask someone without a steady income to make monthly contribution to a fund. From where would he/she get the money to pay.
As you can see, people in government talking about universal coverage, without talking about increasing access to high quality well-paying jobs is the greatest nonsense of the present time. Indeed, because of this problem, it is practically impossible to scale NHIF. This means that NHIF is already fully saturated, and cannot grow beyond where it is right now. NHIF is already covering people with steady income, who are less than 20% of Kenyans. The rest of the population is in subsistence farming or just barely making it through the day.
People working in the government are oblivious of the micro-economic problem of prioritizing family budget
Imagine a woman who makes a living selling vegetables at the local market. In a good day, she makes 500 shillings. In some days, she makes 50 shillings, in many bad days she is not able to sell anything. Guys from government come around and tell her: “Woman give us your 500 shillings. We will put it away for you so that we will pay for your medical care when you get sick. We will even pay for your family.”
She has to feed her family at least twice a day. She also needs to buy uniform for her kids going to school. She has pay school fees…..and the list of needs continue. Maslow (1943), taught us that people will meet their immediate basic needs before they can think about meeting a needs in a distant future. Insurance is for meeting needs in a distant future. Even if the lady in this examples agrees to contribute to NHIF because of coercion by people in government, it is quite obvious she will in a future date have trouble prioritizing NHIF over school fees and food for her children. She will default her payments.
Soko Janja helps to overcome both problems. Soko Janja is very interested in how local people make money. Indeed, the sole job of Soko Janja, fully developed, is to help people create wealth. About 14 million families in Kenya do not have access to health care. Should Soko Janja reach the 14 million families, and help put money in their pocket by facilitating market for local produce, products and services, then they would not have problem contributing to the health fund. As an electronic market, Soko Janja can set money aside into a health fund. Such money will go into a smart contract that will pay medical services. Pooled smart contracts from millions of families will operate as health insurance.
Ubrica project aims at promoting life science and health production and achieving global health. To achieve this Ubrica has three major pillars:
(a) Smart contract pillar which addresses the quality of care
(b) Human engagement pillar which addresses the affordability of care
(c) Projects pillar which addresses the availability or access of healthcare
These three pillars address the three major health care issues which include accessibility/ availability, affordability and quality of care
The Smart Contracts
This involves the use of blockchain technology to support the Ubrica project. Ubrica smart contracts will facilitate, verify, negotiate and conclude contracts between individuals and their contracting party. Using the cryprocurrency principle we will create a crypto-currency program. The program involves creating incentive programs to reward excellence in education, research and practice. We shall reward the use of Ubricoin for financial transactions in everyday practice and people who will buy from local suppliers and manufacturers on Soko Janja. Rewards will help to create incentives for quality in education, research and practice in developing world. The incentives will act in improving the quality of medical and health care.
Human engagement is the most critical element in the success of any project. It involves engaging people at their basic level of existence. At Ubrica we use this pillar to engage local community to discover how we can work with them to create wealth. We create wealth to facilitate access of healthcare. To enhance this we have created an online retail store known as Soko Janja (http://shop.ubrica.com/) where local manufacturers/ producers can post their products, produce and services. Through Soko Janja we are able to activate the village level commerce and help our people create wealth to access health.
We will also use the blockchain technology to enroll members of Soko Janja in a decentralized autonomous organization (DAO) called Cooperative Society of Ubricans (CSU). With the DAO we will be able to create a Pooled smart contract where a small amount of the proceeds from the sale in Soko Sanja will be set aside as a health fund to access healthcare in the clinics. The smart contract will cover preventive and curative services for the holder by the contract. Pooled smart contract will recreate a super smart contract (SSC) that will act as health risk pooling.
The project pillar
This pillar involves building Ubrica Retail Clinical Centers (URCCs), Science and Technology Parks (STPs) and Biomedical Industry City (BMICs). Ubrica propose to support the design, development, construction and management of the three projects. Ubrica will use Ubricoin to support these project in making healthcare accessible and of good quality.
Health care needs a holistic approach making sure all elements of access and affordability and lack the quality of care, critical to achieving global health are considered. We cannot claim to have achieved global health with only one of these elements. Global health solution should aim at ensuring that people have access to health services of high quality and ensuring that these services do not expose the user to financial hardship. Ubrica and blockchain technology offers this solution. We are looking at a future where health care will be affordable to all, accessible to all and most importantly of the highest quality possible.
Susan N. Njuguna.
In the long run, Ubricoin will appraise in value, just as common stocks do. In this way, Ubricoin can be regarded an investment instrument. We have seen other cryptocurrencies raising in value tremendously. This intrinsic power for crypto-currency increasing in value (such as what occurred with bitcoin), gives them characteristics of precious metal, such as gold. As you know, price of gold changes in time, although gold itself is not like water, that is generally needed.
In a similar way, Ubricoin can serve as store of value. Although land and buildings are good stores of value, generally, they cannot appraise in value in a rate anywhere similar to cryptocurrency. Reason: cryptocurrency market is global. Market for land and buildings is local. In fact, going forward, land will have progressively decreased value as most of the business go online, and as production technologies become available in Africa. Today, land in Kenya is the most valuable investment because our technological investment is rudimentary. As our use of technology improves, fewer and fewer people will be interested in land, as they can create a lot of value in a very small space (such as what is happening with Ubricoin. We do not need much land to create Ubricoin).