EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

The Blockchain is an undeniably ingenious invention and the good news is we are developing one.

Our Blockchain Technology will Decentralise Every System, and would incorporate the following features: scalability, flexibility, and usability. It would be expandable, would have SMART CONTRACTS with provision for other Blockchain applications and business startups to develop off our Blockchain. Africunia Blockchain Technology will include browser-based ECOSYSTEM for simplicity and adaptability. We are also developing Digital Pass Technology and most importantly we will meet Security and USER EXPERIENCE (UX) requirements. We are building something on the lines of a Security Token (Digital Coin), which would have an additional layer, called the legal layer in order to incorporate standardized banking KYC/AML protocols, thus we are combining features and attributes of modern banking with digital currency.

Since its launch in 2009, the Blockchain Technology together with its underlying technologies has triggered tech and social revolution waves that have sent ripples across a horde of industries.Today, it is not just the financial sector that is using the Blockchain Technology, but other industries such as Healthcare Providers, Insurance Companies, Governments, and IoT. The applications using the Blockchain Technology seem limitless. One thing is for sure: the Blockchain Technology is here to stay just as the internet has over the past two decades. But amidst the hype about the Blockchain Technology and the digital currencies, their adoption in the mainstream financial industry has been disastrous.

Already, several banks have started to develop a foolproof methodology and standards that align the technology with responsible innovation. In 2016, IMF and the World Bank held a conference that was hosted by the U.S Federal Reserve where an estimated 90 Central Banks committed themselves to researching into Distributed Ledger Technology (DLT), the Blockchain and the digital currencies to create a responsible digital currency.

The Blockchain is an undeniably ingenious invention and the good news is we are developing one. Our Blockchain Technology will Decentralise Every System, and would incorporate the following features: scalability, flexibility, and usability. It would be expandable, would have SMART CONTRACTS with provision for other Blockchain applications and business startups to develop off our Blockchain.

Africunia Blockchain Technology will include browser-based ECOSYSTEM for simplicity and adaptability. We are also developing Digital Pass Technology and most importantly we will meet Security and USER EXPERIENCE (UX) requirements. We are building something on the lines of a Security Token (Digital Coin), which would have an additional layer, called the legal layer in order to incorporate standardized banking KYC/AML protocols, thus we are combining features and attributes of modern banking with digital currency.

That is where AFRICUNIA comes in…

AFRICUNIA is introducing an innovative banking model that allows the use of digital currency without hurdles, risks and technical barriers linked with owning, transferring, and trading in cryptocurrencies and tokens.

Open exclusively for investment during ICO, AFRICUNIA is a third generation
closed-end fund that uses the AFRICUNIA Blockchain Technology to create a bank-2-bank and peer-to-peer cryptocurrency called AFCASH.

If the ICO is successful, AFRICUNIA will move to become a fully financial digital institution that is accessible everywhere, 24/7. It will function just like a conventional bank, but will not host any branches nor any physical front-offices.

In other words, AFRICUNIA is a virtual bank that will be issuing AFCASH using AFRICUNIA Blockchain 3.0 Technologies. In fact, AFRICUNIA is creating the missing link between conventional banking and the new world economy that is dominated by Blockchain 3.0.

This Whitepaper covers the roadmap concerning the business, technical and regulatory details of the project, our step-by-step milestone plan and the technologies that will be developed as the basis of AFRICUNIA infrastructure.

Welcome!