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2021 | OriginalPaper | Buchkapitel

A Technical Policy and Technological Analysis of a Satellite-Hosted Blockchain System for Sustaining African Development

verfasst von : David Lindgren, Victor Hertel, Asha Coutrier

Erschienen in: Space Fostering African Societies

Verlag: Springer International Publishing

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Abstract

Spaced-based services, including financial services, are proving more affordable and accessible to more people than ever before in history. Coupled with the rising acceptance of blockchain-based cryptocurrencies, satellite-hosted financial services can be delivered to people around the world, particularly for the benefit of remittance-senders and displaced persons. An accessible and secure blockchain-based financial system hosted via a satellite platform wields strong potential in promoting sustainable development in Africa. This research explores the technical policy and technological considerations that would be necessary to implement such a system. The article explores the feasibility of such a satellite-hosted financial system and its potential benefits for reducing the transaction costs of remittances sent from developed to developing countries, in addition to its benefits for assisting internationally and internally displaced person to store and access their wealth irrespective of their ultimate settlement location.

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Fußnoten
2
Ibid.
 
3
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4
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5
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6
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7
Ibid.
 
8
Ibid.
 
9
Ibid.
 
10
Organisation for Economic Cooperation and Development (OECD), “FDI flows”, 2019, https://​data.​oecd.​org/​fdi/​fdi-flows.​htm.
 
11
Lindgren, David, “Global Remittances and Space-Based Cryptocurrencies: A Transformation Opportunity for the Post-2030 Agenda”, Post 2030-Agenda and the Role of Space. In: Annette Froehlich (ed) The UN 2030 Goals and Their Further Evolution Beyond 2030 for Sustainable Development, (Cham: Springer, 2018), pp. 11–25.
 
12
Muzaffar A. Chishti, “The Phenomenal Rise in Remittances to India: A Closer Look”, May 2007, Migration Policy Institute, https://​www.​migrationpolicy.​org/​pubs/​MigDevPB_​052907.​pdf.
 
14
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15
Manav Gupta, “Blockchain, 3rd IBM Limited Edition”, 2019, John Wiley and Sons, Inc.
 
16
Ibid.
 
17
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18
Ibid.
 
19
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20
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21
Ibid.
 
22
Iteogu, O., “Education Drive in Ghana Led by ‘Youngest Crypto Entrepreneur”, July 2019, https://​www.​blockchainafrica​.​io/​education-drive-in-ghana-led-by-youngest-crypto-entrepreneur/​.
 
23
Leigh Cuen, “From Ghana to the Bronx, These Teen Bitcoiners Are Building the Future”, https://​www.​coindesk.​com/​from-ghana-to-the-bronx-meet-the-teen-bitcoiners-building-the-future
 
24
Leigh Cuen, “From Ghana to the Bronx, These Teen Bitcoiners Are Building the Future”.
 
25
The Library of Congress, “Regulation of Cryptocurrency Around the World”, June 2018, https://​www.​loc.​gov/​law/​help/​cryptocurrency/​world-survey.​php.
 
26
Ibid.
 
27
Ibid.
 
28
Ibid.
 
30
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31
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32
Ibid.
 
33
Aydin, Rebecca, “This 21-year-old bitcoin millionaire beamed cryptocurrency from space to a school in Ghana”, December 2019, Business Insider, https://​www.​businessinsider.​com/​bitcoin-millionaire-erik-finman-beamed-cryptocurrency-satelite-outer-space-2019-11.
 
34
Ibid.
 
35
Ibid.
 
36
Ibid.
 
37
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38
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39
African Union, “Common African Position on the Post-2015 Development Agenda”, 2014, African Union, https://​au.​int/​sites/​default/​files/​documents/​32848-doc-common_​african_​position.​pdf.
 
40
African Capacity Building Foundation, “African Capacity Report 2019”, February 2019, African Capacity Building Foundation, https://​au.​int/​sites/​default/​files/​documents/​36426-doc-acbf18-22_​acr19_​english_​0222.​pdf.
 
41
Nyantaki, Eugen Bempong and Sy, Mouhamadou, “The Banking System in Africa: Main Facts and Challenges”, 2015, Africa Economic Brief Vol. 6, African Development Bank Group, https://​www.​afdb.​org/​fileadmin/​uploads/​afdb/​Documents/​Knowledge/​AEB_​Vol_​6_​Issue_​5_​2015_​The_​Banking_​System_​in_​Africa_​_​Main_​Facts_​and_​Challenges-10_​2015.​pdf.
 
42
Ibid.
 
43
Ibid.
 
44
The Law Library of Congress, “Regulation of Cryptocurrency Around the World”, June 2018, Library of Congress, https://​www.​loc.​gov/​law/​help/​cryptocurrency/​cryptocurrency-world-survey.​pdf.
 
46
MMPGhana, “Payment Systems and Services Bill Passed”, October 2019, MMPGhana, https://​www.​mmpghana.​com/​2019/​10/​06/​payments-systems-and-services-bill-passed/​.
 
47
Shah, Sneha, “South Africa leads the way in Know Your Customer (KYC) compliance”, April 2017, Thomson Reuters, https://​blogs.​thomsonreuters.​com/​answerson/​south-africa-leads-way-know-customer-kyc-compliance/​.
 
48
Ibid.
 
49
Safaricom, “M-PESA Know Your Customer (KYC) Procedure”, 2020, Safaricom, https://​safaricom.​amlawareness.​com/​documents/​Safaricom%20​M-PESA%20​KYC%20​procedure.​pdf.
 
50
Nguena, Christian Lambert, “Financial Innovation and Pro Poor & Inclusive Growth in Developing Countries: The Role of Mobile Banking & Financial Services Development in Africa”, November 2017, Proceedings of the Fifth Congress of African Economists, African Union, https://​au.​int/​sites/​default/​files/​documents/​34631-doc-01_​summaries_​recommendations_​final.​pdf.
 
52
Ibid.
 
53
Ernst Messerschmid and Stefanos Fasoulas, “Raumfahrtsysteme”, 2017, Springer.
 
54
Ibid.
 
55
Ibid.
 
56
Ibid.
 
57
Peter J.G. Teunissen and Oliver Montenbruck, “Springer Handbook of Global Navigation Satellite Systems”, Springer.
 
58
Ibid.
 
59
Oliver Montenbruck and Eberhard Gill, “Satellite Orbits”, 2000, Springer.
 
60
Ibid.
 
61
Gerard Maral and Michel Bousquet, “Satellite Communications Systems”, 2009, John Wiley & Sons Ltd.
 
62
Gerard Maral and Michel Bousquet, “Satellite Communications Systems”, 2009, John Wiley & Sons Ltd.
 
63
Gerard Maral and Michel Bousquet, “Satellite Communications Systems”, 2009, John Wiley & Sons Ltd.
 
Metadaten
Titel
A Technical Policy and Technological Analysis of a Satellite-Hosted Blockchain System for Sustaining African Development
verfasst von
David Lindgren
Victor Hertel
Asha Coutrier
Copyright-Jahr
2021
DOI
https://doi.org/10.1007/978-3-030-59158-8_8