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©BAM Technology Global Solutions Limited

People . Technology . Process © BAM Technology Global Solutions Limited 2019

Speaker for the day

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Deji SoetanManaging Partner,BAM Technology Global Solutions Limited+234 (0) 812 946 1354


What is the

Blockchain ?The Blockchain is a shared, trusted, public ledger

that everyone can inspect, but which no single

user controls

.

The Blockchain is the Bitcoin, or the Bitcoin is the

Blockchain

The participants in a Blockchain system

collectively keep the ledger up to date: it can be

amended only according to strict rules and by

general agreement.


How Blockchain Works


It can be described as the “transfer of trust in a trust less world,”

All parties maintain encrypted records of transactions

Creates irrefutable information

It enforces Transparency

Tamper-proof, non-refutable records

Streamlining and automating processes with blockchain.

Record-keeping is performed using a single digital ledger that is shared among participants

Elimination of intermediaries

Speed & Cost Reduction

A secure transaction ledger database that is shared by all parties participating in an established, distributed network of computers

Data stored across network rather than centrally

Better security and availability: No centralized point of vulnerability

Decentralized

Why Blockchain Technology?

Transparency Security Efficiency


Blockchain Components


Types of the Blockchain


Blockchain – A Game Changer Across Industries


Sectors Using Blockchain


The Blockchain is not the future for Africa, Its happening Now!!


Blockchain Use Cases


Use Case: Nigerian Customs Service

• Automate Excise license Permit

Certification, issue certificates on to the

Blockchain to aid verification.

• Require full visibility of excise duty that

needs to be collected and reduce duty

avoidance


Nigerian Customs Service

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Business Challenges

Unable to provide a definitive database of all excise traders and information about good

produced

To ensure systems of records are reliable & tamper-proof

To eliminate fake documentation

Trust

Lack of Transparency leading to misinformation in the

reporting of Excise duties

To ensure all parties have real time access to a single source of truth

To avoid fraud or errors due to multiple redundant sources of truth

Ability to track Products from Raw materials to finished products

Transparency

Transaction overhead due to dependence on 3rd parties /

intermediaries

To avoid unnecessary delays

The Custom Portal eliminated the requirement for couriers to move documents across country

Excise duties are calculated real-time as products leave production line

Reduce 3rd Party Overhead

Difficulty to establish Trust without intermediaries in

business partnerships

To reduce risk of human errors due to redundant manual reconciliations

To reduce cost and complexity of manual labor and paperwork

Reduction of license application & renewal process from months to days

Eliminate Manual Processes


Land/Property Transfer

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Business Challenges

Difficulty to establish Trust the ownership of land

To ensure systems of records are reliable & tamper-proof

Enables Purchases to interact directly with Title Owners

Lack of Transparency in multi-party transactions

Full transparency to all parties who now have access to view ownership and state of transactions at any time

To avoid fraud or errors due to multiple redundant sources of truth

Transaction overhead due to dependence on 3rd parties /

intermediaries

Transactions automated using smart contracts

Removes the needs to engage certain intermediaries to carry out transactions

Generate and track transaction details.

Dependence on Manual, error-prone processes

To reduce risk of human errors due to redundant manual reconciliations

To reduce cost and complexity of manual paperwork

Trust Transparency Reduce 3rd Party Overhead Eliminate Manual Processes


Blockchain in theConstruction Industry


These are automated contracts

that reduce the necessity of

intermediaries and can save

time and money. They are

poised to make their mark on

the industry

There will be a centralized tracking

system, where the parties involved

define the rules, regulations,

penalties, etc., around the project

that they’re working on together.

Smart Contracts


Payments

The blockchain will increasing security and create

traceable information. These will be combined with smart

contracts to facilitate and automate payments

Platforms have been designed that change the way subs

are both hired and paid. It can better ensure that subs are

paid fast and that relationships with good subcontractors

are fostered and not burned.


Supply Chain Management

The Blockchain will help trace physical items from origin to final

destination.

It can help improve transparency, which can help all parties stay on

the same page and avoid potential pitfalls and oversights.

The Blockchain will enable contractors to use unique digital-

specific identifications to verify vendors and suppliers.

Tracking information around reputation and how well their work

is performed.

Verifying the credentials of any subcontractors before they’re

ultimately hired.


Use Cases : Property Management

• DLT

• Identity Management

• Smart Contracts

• Verification

• Cameras

• Metering

• Access control• Tokenization

• Payment Medium

• Component Failure analysis

• Fault reporting

• Fault Analysis

• Advance Analytics


BAM Technology (BAM) is one of Africa’s leading private IT solution providers that harnesses the opportunities

of technology and enable stakeholders reap the associated rewards in various industry sectors.

Consulting | Platform & Application Development | Training

BAM has Partnership with various international organisations e.g. Oracle, Microsoft, PWC etc.

Presence in Nigeria, Kenya, and South Africa.

Introducing BAM Technology

Sector Focus Areas

❑Public Sector / Government

❑Financial Services

❑Education

❑Judiciary

❑Agriculture

❑Manufacturing

NigeriaNigerian Customs Service - BAM implemented the first Public SectorBlockchain use case in Africa, for the NCS.

KenyaInvited by the Kenyan Stock Exchange to explore the potential ofusing the Blockchain for the transfer of securities.

United Nations (UN)Contributor as a Blockchain specialist on a UN Dialogue - ExploringBlockchain Technology and Environmental Sustainability, in Paris.

Achievements & Thought Leadership

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