Connect with us


ABDC series week 5: How blockchain can be used in healthcare



Week 5 of the weekend series of the African Blockchain Developers Call, a web conference series aimed at increased participation and adoption of blockchain solutions, was held on the 3rd of October, 2020 where the theme “Blockchain in Health” was explored and examined by experts and professionals in the blockchain space. The future of health was discussed and how blockchain solutions can drive innovation in the healthcare sector.

In his Keynote Address, Mr. Arnab Paul, Focus Group Member, AI for Health, World Health Organization (WHO) and the President of the Government Blockchain Association, Kolkata Chapter, India, advocated that Africa stands a great chance in revolutionizing the healthcare sector through effective application of blockchain solutions. He stated that to effectively implement blockchain solutions into healthcare, collaboration between tech and health professionals is key to further ensure the improvement in healthcare delivery. He mentioned that blockchain solutions could help health institutions improve services like record management, accountability, healthcare surveillance, outbreak management services and more health related services. He stated that blockchain tech would go a long way in helping Africa fight the COVID 19 pandemic and improve delivery of services in healthcare across the continent.

Ochoche Ubenyi, the CEO of Nimedix, highlighted Nimedix’s platform efforts in revolutionizing healthcare delivery by using blockchain technology to reduce medical tourism and enhance contact tracing in Nigeria and Africa. He stated that the inadequacy of Doctors in Nigeria for the sick population makes the work of the platform important  in filling the loopholes in health services by using patients’ data. He mentioned that Nimedix helps in tracing pandemic exposure through user permission to supply information on where an individual may have exposed to infectious diseases like COVID 19 to further render effective health delivery. He emphasized that the platform runs on blockchain solutions to render its services and that blockchain technology would go a long way in ensuring that the healthcare sector addresses health problems adequately.

In Medical Chain’s platform presentation, Muhammed Tayeb stated that the platform was created as a health record that can be controlled and shared by the user. He mentioned that the platform is aimed at creating a portable health record that can be with the user everywhere and can be easily be accessed to track progress in patients health. He stated that the platform helps health institutions in getting an accurate glimpse of the patient’s state of health and ensure that an individual’s record is not confused with someone else. The platform, through its mobile application, helps patients connect with Doctors online who address their health problems.

He stated that the platform also built an Health Passport Chain, which runs as a biomedical chain using blockchain solutions in rendering health services. He mentioned that the platform aids telemedicine by adopting blockchain solutions to improve the quality of healthcare services rendered to patients and users by using their health data and records.

Dr. Macharia Wariungi stated that Ubrica is built to ensure the wellness and wellbeing of individuals. He stated that the platform is aimed reduce the inadequacies in access, quality and cost of care rendered to populations. He stated that the platform has built Retail Clinics in physical marketplaces in Kenya to allow trade around these centers, thereby facilitating trade and commerce. He mentioned that through Ubricoin, villagers can trade with ease, thereby bringing village markets into the cyberspace. He states that the platform aids the manufacturing of local health products to reduce the cost of medicines in Africa. He states that the platform uses blockchain technologies to aid care delivery and decentralized markets in Africa.

Panel session discussion on the role of blockchain in healthcare

The Combined Panel Session was graced by supply chain professionals like Helen Disney, Founder of Unblocked; Dr. Macharia Wariungi, Muhammed Tayeb, Raja Sharrif and Ochoche Ubenyi who all prescribed ideas on the session theme and issues emerging in the healthcare sector.

Helen Disney posited that privacy of data, portability of data and patient empowerment is enhanced and promoted when blockchain solutions are adopted to health sectors. She also mentioned that the security of records in the blockchain allows for the integrity of health records as records cannot be tampered easily. She stated that more orientation must be stimulated on distributed ledger technology in the healthcare sector to further drive innovation in the delivery of health.

She further argued that the development of financial sectors is interconnected with healthcare as finance drives adoption of blockchain solutions in the health sector. She stated that institutions should add incentives to health services to further stimulate awareness and participation in new technologies in Africa.

Ochoche Ubenyi argued that innovation in the health sector through blockchain technologies would aid the economic and direct impact health of individuals.  He said so much could be done with data with blockchain technologies. He stated that fraud and lack of transparency amongst healthcare professionals hinders the adoption of blockchain in health and this makes interest in blockchain solutions low in the sector. He stated that Nimedix aids healthcare in localities as it allows data to be shared via the cyberspace to get online diagnosis to enhance the wellbeing of individuals. He urged that medical drain should be reduced and more efforts must made to ensure efficiency in healthcare delivery in Africa, thereby curbing medical tourism and stimulate development.

Muhammed Tayeb argued that more control would be excercised over records and data, allowing for more privacy rights over data as there is transparency in the blockchain. He stated that health institutions should indulge in technologies that are more open source to further aid proper access to data and enhance quality delivery to patients. He advocated that records on paper should be rendered into digital forms to make blockchain solutions more realistic to adopt in Africa.

Dr. Macharia Wariungi expressed optimism in the acceptance of blockchain solutions in health sector and urged government institutions to further stimulate growth and development in the health sector. He argued that there is need for massive public education to stimulate interest in blockchain technologies to healthcare to make its delivery more efficient. He advocated that more infrastructure should be in place to allow the left out population would be able to benefit from the innovations of blockchain solutions in health.

Raja Sharrif explained that his platform, Farma Trust tracks products from the point of production to consumption and blockchain solutions aids efficiency in the rendition of their services. He argued that the authenticity of records provided by blockchain makes it more useful in emerging markets towards the efficiency of healthcare. He stated that blockchain solutions would make workers get better jobs through distributed ledger technologies in health. He urged African countries to adopt blockchain neutrality towards revolutionization in the healthcare sector.

The panelists proffered solutions to be adopted to ensure the speedy implementation of blockchain solutions to the health sector in promoting healthcare delivery and innovations in the sector.


Adedimeji Quayyim Abdul-Hafeez is an enthusiast of digital technologies and loves studying new trends in the technology sector. He loves innovation and believes science holds the keys to future's fates. He tweets @quayyimbakr and receives mails at

Continue Reading
Click to comment

Leave a comment:

Africa Blockchain Institute

Africa Blockchain Institute Organized The First African Blockchain Summer Bootcamp For Teenagers In Ghana



In the spirit of catching them young, the Africa Blockchain Institute organized the first-ever Blockchain Summer Bootcamp for teenagers (age range 13 to 19 years old). A successful Bootcamp, according to the participants’ testimonials and stakeholders, held at the OpenLabs, Ring Road, Accra Ghana, between Monday 2nd August, and Friday 6th August 2021. 

The teenagers applied from across Africa, and selected participants all converged at the OpenLabs, Ghana, for an intensive five days of learning, interacting, and implementing personal  Blockchain projects. The participants were divided into three significant tracks, thus; Blockchain Development, Blockchain for Creatives and Blockchain Entrepreneurship. 

Blockchain Summer Bootcamp for Teens by ABI
Blockchain Summer Bootcamp for Teens by Africa Blockchain Institute

Across these three tracks, the teenagers learnt introductory units to Blockchain Development for societal challenges, Blockchain evangelism, Non-Fungible Tokens, and how Cryptocurrency works. Another highlight of the program was the excursion to the Accra Digital Centre, where the Boot Campers were introduced to the tech ecosystem and feel of the Ghana Tech Lab and Accra Innovation Hub spaces. A visit was also made to the Museum of Science and Technology, and the teenagers got to understand the history of technology in Ghana. 

Worthy of mention was the panel session aimed at motivating the students to pursue a career in technology. While making his comments during the panel session, the founder of BankLess Africa, Mr. Muntala Mohammed Shaibu, urged the teenagers to stop seeing themselves as too young to experiment with new technologies. In her remarks, Ms. Elohor Thomas, CEO & Co-Founder of CodeLn, urged the teenagers to continue to explore their interest in technology and blockchain early.

Blockchain Summer Bootcamp for Teens by ABI
Panel Session, Blockchain Summer Bootcamp for Teens by ABI

The Bootcamp ended with personal project presentations from the Blockchain Development and the Blockchain for Creatives & Entrepreneurship tracks. Projects such as NFT blogposts, Blockchain product reviews and Blockchain for transport and logistics were presented. The best presentation won the OpenLabs scholarship for Robotics Course. Thanks to Dr Sujith Jayaprakash, the Director of OpenLabs, Ghana, for the offer of scholarship. In his closing remark, the Executive Director of the Africa Blockchain Institute, Mr. Kayode Babarinde, urged the teenagers to continue using the  skills and knowledge gained during Bootcamp to explore Blockchain-related solutions further. We also appreciate Mr. Ganzaro Omar, Chairman, AfroBlocks, for his supports, and fostering collaborations with the Ghanian Blockchain community.

The Africa Blockchain Institute will continue to hold future Blockchain Summer Bootcamp series in various African cities to drive Blockchain knowledge into innovators early enough. 

Oluwaseun David ADEPOJU

Head of Research,

Africa Blockchain Institute. 


Decentralize Daily

From Crypto and Blockchain to AI, Fintech and Web 3.0 delivered twice in a week (Mondays and Fridays)

Continue Reading

Artificial Intelligence

How AI Is Helping Fintechs Provide Intelligent And Better Financial Services



AI fintech services

We live in an era of data. In today’s world, data is the new gold. The quality of services now significantly depends on how much insight can be extracted from data to help in the creation of the services. For fintech organizations, building services that harness the power of data and artificial intelligence has now become necessary to ensure that the services are tailored to meet the needs of customers. Artificial intelligence is now being used in various ways to help fintech companies provide intelligent and improved services. Some of the major areas of AI application in fintech are discussed in this article.

Risk Assessment

From insurance companies to banks and other fintech institutions, assessing credit worthiness and estimating the level of risk associated with every transaction has become very crucial. Now, many fintech companies employ the use of AI in determining the credit profiles of clients which helps to minimize financial losses when customers fail to repay loans or meet other financial commitments. 

Predicting and preventing fraudulent transactions is another challenge that fintechs are using AI to solve. Using machine learning algorithms, fintech organizations are able to build more accurate fraud detection mechanisms to curb the activities of scammers. The advantage of using machine learning for fraud detection in financial systems is that the machine learning model can learn from the financial data by itself. Thus, it is able to uncover hidden patterns and make a more robust prediction compared to traditional fraud detection algorithms. AI-based fraud detection algorithms can also be used to verify insurance claims and flag fraudulent ones. 

Churn Prediction

Customer churn is an important Key Performance Index (KPI) for any organisation. Preventing customer churn is aimpoaaaustomers and improve customer engagement. Many fintechs across the world now use AI to increase customer retention by understanding customer behaviour and making data-driven decisions to retain the audience of customers.

Intelligent Customer Service

Customer service is an aspect of fintech that has been significantly transformed by AI. The use of AI in this area has drastically reduced the need for human customer care representatives and the cost associated with employing these representatives. With AI, more customers can be attended to more efficiently via chatbots, virtual assistants etc. 

Chatbots are, particularly, one of the most common uses of AI in fintech customer service. Chatbots are sophisticated conversational AI applications that can engage with customers, address complaints and basically fill in the gap of a human employee. Chatbots have now become faster and easier means for customers to fix issues they have while using fintech services.

The Future of Fintech With AI

The use of AI in financial technology extends beyond risk assessment, churn prediction and intelligent customer service. Areas like payment processing and sentiment analysis are also being transformed by AI. Organizations like MasterCard and Visa have been able to improve the quality of their services by leveraging AI to achieve this. Personalized banking and financial services will define the future of financial technology. Better experiences will be developed for each customer in a unique and personalized manner. This may be impossible without AI. The future of fintech is geared towards smarter and more intelligent services, with AI steering the wheel to this future.

Continue Reading


The Growth of Africa’s Fintech Ecosystem In H1 2021



Image Credit: Kabiru Yusuf

At the epicenter of Africa’s rapidly evolving tech ecosystem lies the fast growing fintech sector. A huge chunk of Africa’s growth in the tech startup scene can be credited to fintech startups. As the proliferation of fintech services grows deeper in this year 2021, fintechs have, once again, led the pace for the growth of Africa’s bubbling tech startup ecosystem. The first half of 2021 has seen multiple funding rounds and deals that have shaped the fintech sphere, some of which would be highlighted in this review of major fintech deals that were sealed in the first half of 2021.


In the first quarter of 2021, Flutterwave, which recently joined the league of African unicorns, raised $170 million in a Series C funding round, valuing it at over $1 billion. The funding round which was led by Avenir Growth Capital and Tiger global sums up the total capital raised by Flutterwave to $225 million. Another major highlight from Flutterwave this year is its collaboration with PayPal to enable African merchants to connect with the over 377 million PayPal accounts worldwide, via the new Flutterwave pay with PayPal feature. 


Fast rising digital bank, Kuda, is leading the penetration of innovative digital banking services in Africa. To deepen its growth and penetration, the company raised $25 million dollars earlier in March this year. The Series A round was led by Valar ventures, a VC firm co-founded by Peter Thiel. This funding round brings the company’s raised capital to a total of $36.6 million. In February 2021, Kuda also processed transactions worth $2.2 billion, helping it gain significant traction. At this pace, Kuda is definitely on its way to becoming a giant in Africa’s nascent digital banking sector.


Adumo is the largest independent payment processor in South Africa. The Adumo group is comprised of companies including Humble, Innervation Pan African Payment Solutions and Innervation Rewards, Sureswipe and iKhokha. The company offers digital payment solutions to the businesses and merchants within Africa. In the first quarter of the year, Adumo raised $15 million from International Finance Corporation(IFC) to expand its provision of digital payment solutions across Africa, especially for small and medium-sized African businesses.



Cowrywise is a Nigerian Fintech startup that offers digital wealth management and financial planning services. In January, the company raised  $3 million in a pre-Series A funding round that was led by Quona capital. The startup also recently obtained an SEC license approving its operation as a fund manager.


Three months after its acceptance into Y Combinator in February, Nigerian fintech startup Mono closed a $2 million investment to advance their mission of helping digital businesses in Africa access their customers’ financial and identity data. At the moment, Mono has raised a total of $2.625 million.


In Nigeria where cash still remains unrivalled as king, Bankly is striving to digitise financial services and provide these financial services to the millions of underserved Africans. In March, a seed round led by Vault provided an investment of $2 million to Bankly towards achieving its goal of serving the unbanked. This investment will help Bankly expand its customer base and service offerings.


Appzone is a fintech software provider that has carved a name for itself as one of the few African companies that build technology solutions to support the services of local fintech service providers. At the beginning of the second quarter (Q2), Appzone raised $10 million in a series A round led by CardinalStone, a Nigerian investment banking firm. This investment is intended to help Appzone become a pan-African fintech. 

Chipper Cash

Shortly after raising $30 million in November 2020, Chipper Cash raised an additional $100 million in a Series C round in May 2021. The round was led by SVB capital, a first time investor in African startups. Amazon boss Jeff Bezos also participated in the investment round. The Series C round caps the total funding of the three-year old company at $152.2 million. 


Attempting to change the game play in the African API fintech sphere is South African fintech startup Stitch. This year, Stitch joins the line-up of African fintechs who are setting the tone of growth in the fintech ecosystem through progressive partnerships and closing multimillion dollar deals. Via a seed round, the company raised $4 million in the first quarter of the year, making it the current largest financing round by an API fintech startup in Africa. 

The Second Half of 2021(H2 2021) Appears To Be Even More Promising

Within the first six months of this year, African startups have raised over 1 billion dollars, setting a new record for startup financing in the continent. The growth of the fintech ecosystem has been astonishing so far. However, considering the tempo of funding in the first half of the year as well as the impending fintech deals and the various promising new fintech startups, the second half of the year may be even far better than the former. Regardless of how things turn out in this second half, the first half alone has provided enough reasons to be proud of the growth of the fintech ecosystem in Africa.

Continue Reading


%d bloggers like this: