Questions around this news
What happened at the blockchain workshop in Lusaka?
On September 20, 2023, Kula held a workshop sponsored by Zambia’s Ministry of Science and Technology. It brought together 21 officials and leaders from government departments, banking, transport, and ICT to discuss possible uses of Kula’s organizational model in sectors including mining, energy, logistics, and communications.
How is Kula applying blockchain technology in Zambia?
The release says Kula is working with Bekazulu Mining Limited on a project involving a limestone asset, and that the technology is intended to support transparent, accountable, and immutable business operations. Workshop participants also considered how the model might be used in other sectors, and Kula plans to develop new pilot projects with the ministry.
What is blockchain technology?
Blockchain is a way of recording information in a shared digital ledger. Records are grouped into linked blocks, and changes are designed to be difficult to make without detection. Depending on how a blockchain is set up, multiple participants may help maintain or verify the ledger rather than relying on one central record keeper.
What does a pilot project mean?
A pilot project is a limited trial used to test an approach before a wider rollout is considered. It can help participants assess whether a process or technology works in a particular setting, identify practical challenges, and decide what adjustments may be needed. A pilot does not by itself guarantee broader adoption.
Sponsored by the Ministry of Science and Technology, Kula hosted a workshop for 21 officials and leaders from several Zambian government departments, the banking sector, and transport and ICT industries on 20th September 2023, in Lusaka.
London, UK, October 16, 2023 -- Under the leadership of Honourable Minister Felix Mutati for Science and Technology, the drive to foster a private-centric mindset to infuse technological solutions across all sectors of Zambia provided a clear directive for this strategic consultation.
Kula is a new type of decentralised organisation that uses blockchain technology to ensure that business operations are transparent, accountable, and immutable. In Zambia, Kula is working with Bekazulu Mining Limited as one of the first global projects to utilise this technology and build shared value for project stakeholders - value that derives from the Limestone asset mined by Bekazulu.
Workshop participants explored how this model may apply to their relevant sectors, across mining, energy, logistics, and communications using a prototype of Kula’s blockchain based technology platform. Each of the different groups identified exciting next steps for partnership and collaboration to deploy Kula’s organisational model across Zambian government and industrial bodies.
Chris Turner, a co-founder of Kula, said, "Outcomes from this workshop are potentially a watershed opportunity for countries like Zambia to reclaim control over their natural resources and other assets with a solution that ensures data, finance, and records are no longer opaque. Significant contributions to the bottom line of the national GDP are made possible with tech-based solutions that ensure transparent data with shared governance."
Minister Mutati agreed, stating, "Kula is disruptive in identifying and exploiting investment opportunities. As the government, we are receptive to disruptive initiatives such as the blockchain solution of Kula and the technology it brings to change the lives of our people. The Kula way is disruptive because it allows stakeholders to have their voices heard and invest in global businesses."
Kula is already developing three contracted projects in Zambia in the mining, water, and agricultural sectors. As a result of this workshop, Kula will also develop several new pilot projects in partnership with the Zambian Ministry of Science and Technology.
Twitter: https://twitter.com/kula_dao
Instagram: https://www.instagram.com/kula_dao/
Discord: https://discord.com/invite/UK8bgRPuvY
Contact Info:
Name: Chris Turner, PhD Kula
Email: Send Email
Organization: Kula
Website: https://twitter.com/kula_dao
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.
At a glance
- Company
- Kula
- Announcement
- Event
- Location
- Lusaka, Zambia
Key figures
- Workshop participants
- 21
- Contracted projects under development in Zambia
- three
People
- Felix MutatiMinister of Science and Technology
- Chris TurnerKula co-founder
