The third distinguishing factor we have is that it allows for deals transactions all that kinds of stuff however you wish to define it get completed for quicker. Look at bitcoin as an example I can send to one bitcoin right here from the UK to someone in the third country from the UK which is New Zealand within about ten minutes. So just imagine how quickly let’s say property deeds could be exchanged. It helps streamline these often time consuming tasks.
The fourth distinguishing factor we have is that you can have far more increased capacity. What I mean by this is that due to the peer to peer technology you can actually increase the capacity of the whole network. Think about it like this. What do you think has more capacity – Thousands of computers often referred to as nodes working together in the same network or one large centralized server? Now the correct answer to those is the thousands of computers. Now that’s a real key distinguishing factor of the Blockchain as well.
Now if you’re thinking what about the other kind of areas that can have an impact upon. Let me just know you that it’s not just the financial world as many of you, so I just want to give you a quick list of some of the industries or the areas where a Blockchain technology can really impact upon.
- Digital rights
- Escrow Transfers
- Equity markets
- Private markets
- Debt management
- Crowd funding platforms
- Derivatives markets
- E-commerce sites
- Global payment systems
- The remittance industry
- Peer to peer lending services
- Micro finance lenders
- Health care services
- Land record deeds
- Ownership records
- Election and voting
- Intellectual property rights
Now as well as that list mentioned there are so many areas that the Blockchain technology really has the potential to impact upon. Remember this is still a young industry. So we’re seeing disruption of industries from all angles when Blockchain technology is deployed.
My Telkom app
My Telkom app, that will be available to Android and Apple iOS users, enables customers to check balances for airtime, voice or Internet bundles, top up airtime and buy Internet bundles, and to redeem points from Telkom’s Ziada loyalty programme. They can also contact Customer Care directly, in-app, by calling, texting or on social media; or locating the nearest Telkom Retail Shop.
Telkom’s Chief Marketing Officer says, “My Telkom self-care app offers an additional touchpoint for our customers. From a single digital platform, customers have a dashboard from which they can not only access different features of their accounts but also interact with our Customer Care representatives to address their concerns. The app gives the customer an opportunity to enjoy the experience by placing greater control in their hands.”
The zero-rated app is only available to pre-paid customers. Customers who successfully download and log into the app from the Google Play Store or Apple App store receive a one-time offer of 300 MB upon successful download of the App.
“We always focus on the customer and aim to deliver value in all our propositions. This app is loaded with functionalities that are tied to the everyday needs of the consumer. It will continue evolving, based on feedback and the dynamic customer trends,” says Mr. Nyakundi.