Madini ecosystem is here. What’s your next move?
Madini and BlockChain
What is Madini Africa?
Madini means “minerals” in Swahili. Madini Africa is a marketplace for purchasing/selling tracked/verified metals/minerals and related services from Africa.
It aim to represents the best for all in the African industry (including miners, refiners, traders, manufacturers, designers, makers, as well as retailers) and our vision is to build transparent minerals supply chains, regulated transactions, and people responsibly lead by example across the sector towards greater ethical sourcing, trust, and sustainability.
At Madini, we believe Bluegate BlockChain has the potential to powerfully disrupt many aspects of how Mineral Markets work, and provide trust, transparency, and security to the supply chain. This includes artisans and small-scale miners being part of our inclusive value chain that underpin human health, wellbeing, livelihoods, jobs and sustainable growth.
If you find yourself wondering how blockchain works or what it is, here’s a brief explanation.
Blockchains are a new form of database. They store transactions (such as transfers, deliveries, or purchases) in blocks. Their advantages arise primarily from two principles:
- A blockchain works decentrally. All participants first determine what information should go into the blockchain – they agree, so to speak, on certain rules of cooperation. Then they store all transactions on the blockchain as equals and monitor each other. There is no central server that could fail or be manipulated. Anyone who tries to change data later on would have to do so with more than half of all participants.
- Each block receives a digital fingerprint known as a “hash”. And each block contains the hash of the previous block and thus its encoded content. This means that all blocks are linked together (hence the word “chain”). So if someone were to change a block of data, the manipulation would immediately attract attention because the content and fingerprint would no longer match.
Madini Africa powered by Bluegate
Bluegate BlockChain is a hybrid digital protocol designed to be flexible, adaptable, accessible and lightweight, with a focus on solving real world economic problems Madini, a startup focusing on supply chain management, has been deploying blockchain technology to record the detailed history of products in order to provide a quick and easy way for consumers and relevant parties to verify their authenticity. Meta-transaction features native to Madini Bluegate blockchain’s core protocol, such as multi-party payment, multi-task transaction, controllable transaction lifecycle, transaction dependency, make the development more user-friendly for enterprise adoption.Madini Online LTD - Kenya
Madini Marketplace features
The main value proposition of Madini Marketplace
Value 1: Enhance Sustainability, Traceability, Trust, Brand Image And Consumer Confidence On African Mineral Products.
The Madini blockchain-enabled minerals trade solution powered by Bluegate can improve products transparency and sustainability, communication and boost customer satisfaction. Producers can choose to engage customers by providing access to related product information stored on the blockchain. This provides increased visibility into minerals: origin, producer, regulation, taxes, licenses, quality, and the like, which in turn can build trust, loyalty and contributes to a stronger business-customer relationship.
Value 2: Enable African Enterprises to Introduce And Complete Blockchain Proof-of-concepts Efficiently.
Bluegate blockchain-enabled African Minerals (Madini) trade solution powered by Bluegate can provide African enterprises with various traceability templates that have been effectively verified, including origin traceability, cross-border traceability, full-process traceability, licenses, clearance and export taxes and regulations.
At Madini, the solution covers a wide variety of use cases and sub-sectors in the Minerals industry. Companies can quickly carry out concept verification at little to no lead time and experience the full potential of blockchain technology for their respective sub-sectors.
Value 3: Facilitate Large-scale Blockchainization of Supply Chain in Africa In A Fast And Cost-effective Way.
Madini provides easy-to-use customizable tools. minerals companies can build their exclusive business process easily, which greatly saves the time to market investment, shortens the project lead time and achieves scalability.
Value 4: Unleash New Business Value By Data On Blockchain Platform
The blockchain-enabled minerals trade solution can help minerals companies exploit value via data generated by their own business. The immutable data on the blockchain enables companies to increase the efficiency of compliance review, government supervision, logistics and supplier evaluation and more. Companies will also gain access to world leading third-party services through Bluegate partner network, greatly reducing the cost of certification, audit, insurance or supply chain logistic services.
Bluegate now has specialization in products traceability based on accumulated know-how and refined technology. Joining hands with other strategic partners on this platform, Madini aims to expand the business globally to address business needs of more enterprises in the minerals industry.
Transparency across the entire process
Blockchain as a truth engine - Accurate and comprehensive records of public expenditure are essential in stamping out corruption and waste. Blockchain could hold the key. Groups of transactions are locked into ‘blocks’ of data, forming a chain stretching back to the originator. Unlike other payment and record-keeping systems, the blockchain ledger is distributed around a network of computers, each of which can see if the original has been altered. This makes it very difficult to tamper with or falsify these records. Opportunities and priorities for business - Businesses have opportunities to develop blockchain solutions that bring together all the stakeholders involved in record-keeping and record-usage. This already includes verification and tracing of minerals or any other asset.Madini Africa - Kenya