Chimezie Chuta
Tech innovation professional, Drupal Developer, Blockchain & Cryptocurrency Educator, Community organizer and friend of disruptive ideas! Kinesis.Money Advisory Board leads West Affrica, founder Blockchain Nigeria User Group.
The Sharing Economy of Blockchain Technology and the Future of Oil & Gas Industry
About ME
Founder, Blockchain Nigeria User Group, Regional Director, Africa at Paxful Inc. Author, Developer, Tech Event Organizer
Founder, www.startUpBits.fund
https://www.linkedin.com/in/chimeziechuta/
mezie16
THE SHARING ECONOMY OF BLOCKCHAIN TECHNOLOGY AND THE FUTURE OF OIL & GAS INDUSTRY
CFACoin Lunch
Abuja, Nigeria.
28th July 2018
https://slides.com/chuta
The Blockchain Technology: What iS it?
A Distributed Digital Record of Transactions, Secure, Immutable, Append-only, Decentralized, Time-stamped, Hashed and Transparent.
the Blockchain Technology
- Reduce Redundancy
- Increased Security
- Increased Transparency and Efficiency
- Immutable Storage of Data
- Fraud Prevention
- Encryption (Public/ Private Key pairs)
- Sharing Economy
- CryptoEconomics
- Asset Tokenization
The Blockchain Technology
Cryptocurrencies/ CryptoTokens/ Digital Assets or CryptoAssets
A trustless Peer-to-Peer "Cash System" to prevent double spend!
– Satoshi Nakamoto, 09 January 2009
Decentralized | Censorship proof | Control Resistant
crypto asset tokens are....
Fractionable
Mobile
Liquid
What is
Blockchain Asset Tokenization?
Tokenization is a method that converts rights to an asset into a digital token.
What can be tokenize?
Artworks, Gold, Oil & Gas Products, Diamonds, Company stocks, Real Estate.....etc.
Why Tokenize "Real World" Assets?
Turning physical assets into tradable digital assets create more liquidity and lower barriers to entry for private investors in asset classes that are traditionally dominated by institutional investors and high net worth individuals.
The sharing economy:
What is it?
collaborative consumption, collaborative economy, or peer economy.
The sharing economy:
“an economic system in which assets or services are shared between private individuals, either for free or for a fee, typically by means of the internet.”
Assets tokenization unlocks huge opportunities
Assets tokenization in the oil and gas industry.
What Opportunities?
understanding
The CFACoin Business Model
TOKENIZING OIL & GAS ASSETS
fair distribution of wealth
everyone is a winner!
Thank You!
Presenter
Chuta Chimezie
Twitter: @mezie16
The Sharing Economy of Blockchain Technology and the Future of Oil & Gas Industry
By Chimezie Chuta
The Sharing Economy of Blockchain Technology and the Future of Oil & Gas Industry
Tokenization is the process of converting rights to an asset into a digital token on a blockchain. There is great interest by financial intermediaries and technologists around the world in figuring out how to move real-world assets onto blockchains to gain the advantages of Bitcoin while keeping the characteristics of the asset. This is my presentation at CFACoin Lunch, July 28, 2018. Abuja, Nigeria.
