Catalyse
“The power of a bold idea uttered publicly in defiance of dominant opinion cannot be easily measured. Those special people who speak out in such a way as to shake up not only the self-assurance of their enemies, but the complacency of their friends, are precious catalysts for change.”
– Howard Zinn, historian, author, playwright, and social activist.
SANBA aims to act as a catalyst for change in moving South Africa towards the use of Distributed Ledger and Blockchain technologies. The aim is to help drive proof-of-concept blockchain concepts (beyond the current focus of cryptocurrencies in the Fintech space), to show the value that can be added by having a trusted, immutable record of transactions and to move swiftly towards implementation of the technology
Projects
In this section we highlight top South African blockchain projects.
External Projects
Project Khokha was a collaborative project led by the SARB and involving a consortium of South African settlement banks as well as technical and support partners. The goal of the project was to build a proof-of-concept (PoC) wholesale payment system for interbank settlement using a tokenised South African rand on distributed ledger technology (DLT). The project commenced in January 2018 and ran for 14 weeks. The results show that the typical daily volume of the South African payments system could be processed in less than two hours with full confidentiality of transactions and settlement finality. The SARB was able to view the detail of all the transactions to allow for regulatory oversight. This project has laid the foundations for future collaborative work – essential in the blockchain context – and has fulfilled its objective of providing useful insights to all participants.
SANBA-Supported Projects
Watch this space!
Nominate A Project
SANBA will moderate all project suggestions submitted.
Members Only.
Blockchain Stars
Honouring our South African blockchain pioneers!
Shadrack and Pretty Kubyane – CORONET Blockchain
What most individuals envision when they think of blockchain is the affiliation of cryptocurrencies with the technology, but for Coronet Blockchain, Shadrack and Pretty Kubyane (its co-founders) envision an innovative approach to solving Africa’s market and supply chain issues using solutions that will enhance the process of tracking and managing commodities while significantly improving and managing the value of the businesses behind such commodities… – link to https://www.africanleadershipmagazine.co.uk/coronet-the-innovation-disrupting-africas-market-and-supply-through-blockchain/
Interview with our SANBA Blockchain Stars (via BizzTalk Africa)
Nominate A Star
SANBA will moderate all project suggestions submitted.
Members Only.
