The Future of Transparency, Accountable and Efficiency with Coin Afriq and GondwanaChain

Technology has rapidly progressed since the first computers were developed.

We have gone from the invention of the internet into the modern age of blockchains and now LLMs (colloquially known as AI).

The problem is many businesses in both traditional avenues and modern sectors are still relying on legacy technology, slowing down progress, efficiency, and driving up costs.

Furthermore, traditional finance has failed many people, especially in the developing world.
In the Global South wealth inequality, corruption, conflict, and foreign interference has stripped developing nations of their natural wealth – leaving the majority of residents and citizens in poverty. We see this clearly highlighted in Africa.

Our aim with our two sister projects – GondwanaChain and Coin Afriq, is to address these problems while tackling pressing international issues like hunger, poverty, and environmental damage by using the benefits of cutting-edge technology.

The Problem with Legacy Technology

Most businesses today use outdated software that don’t harness the power of modern computing and the internet. While attractive and user-friendly interfaces exist, until the hood most of the tools used differ little from traditional calculators and spreadsheets.
In addition, with the lack of integration and the reliance on third-party software, this creates a nightmare to administrate, automate, track, and increase costs exponentially.

Traditional centralized server-based solutions rely on a single point of failure that is vulnerable to hacking, electrical faults, and require extensive training for basic operations.

Where the Blockchain comes in

Blockchains do not have to rely on cryptocurrency as we’ve mentioned in previous posts.
Blockchains merely power cryptocurrencies. A blockchain is simply a distributed ledger (same as you find in accounting) that has an immutable record (previous data cannot be erased or tampered with). In addition, blockchains are secured using the latest cryptoggraphic standards ensuring that current threats and even future threats can be guarded against.

By ensuring that everyone with the relevant credentials have a copy of the records (hence distributed), stakeholders can have a live overview of all transactions in real-time, ensuring any fraud and mismanagement can be immediately identified.

How AI factors in

By adding AI to the technology stack, we can ensure a guided user-friendly environment for business and organizations to work with in addition to leveraging AI to calculate means to ensure increased productivity and efficiency while reducing administrative burden thus saving costs.

In the case of logistics, the best route can be calculated using AI and Blockchain technology minimizing service interruptions and reducing costs such as fuel used, toll fees, etc.

Third-party Software

We don’t need to completely erase the tools end users are used to.
Our Blockchain uses a format called WebAssembly (WASM) that can use almost any programming language to complete to a small optimized machine-readable file that can be shared regardless of platform.

In addition for web integration our solution provides both traditional communication (such as REST and GraphQL) as well as next-generation methods such as RPC.

Is It User-friendly?

GondwanaChain Connect is a powerful yet simple to use application that can be run on your computer, phone or even web browser. All that is required is an internet connection.

And it works regardless of operating system, so if you love Mac, Windows or Linux, you’re in safe hands, and it will sync across platforms effortlessly.

Wealth Inequality and Democratization of Ownership

Africa, while rapidly developing, is still plagued by poverty.
Most Africans have no share in the natural wealth of their own continent.
This problem is further compounded by corruption, conflicts, and monopolization by wealthy owners in the more developed world.

Our solution is a Pan-African cryptocurrency (powered by our Blockchain) that is fairer, more democratic and more decentralized with low financial and technological barriers for greater participation by ordinary people in Africa.

Many people in Africa have been failed by traditional financial institutions especially in rural areas, and rely on cross-border remittances to provide for their families. Cross-border payments are extremely slow using traditional banking transfers.
This is an area where cryptocurrency can shine. In addition, Coin Afriq is fully integrated with ISO20022 to work with traditional financial institutions.

To address the issue of ownership, our goal is to peg our cryptocurrency to gold in  a phased approach, ensuring both early investors and ordinary people can actually own a share in the natural mineral wealth of Africa.

What sets Coin Afriq apart?

With Coin Afriq, you don’t need a large amount of wealth to participate.
The launch price of our cryptocurrency is affordable to most people in Africa.
No specialized equipment is required to participate due to using a Nominated Proof of Stake system (instead of “mining” equipment or only those with a lot of coins being able to stake, our system is a democratic system based on voting and reputation).

Our security uses next-generation technology to ensure not protection against current threats by malicious people, but also in the future against Quantum Computing by using the latest cryptography as recommend by NIST.

In addition, our wallet application – the Imali Digital Wallet is simple to use and accessible, and can be used on any devices that has internet capability (your computer, phone, or even your web browser).

This creates an ecosystem with vast potential from Decentralized Applications, Decentralized Finance and even derivative tokens.

How can we be part of the future of Humanity and Africa?

We are open to block investments via fractional investment using either equity or loan-based investment. We currently have an open block for a value of $350 000 (US Dollars).

If tackling poverty and helping Africa grow appeals to you, please feel free to contact us on info@coinafriq.org or visit our website at https://coinafriq.org

Our websites are also available at https://coinafriq.org and https://gondwanachain.online