{"title": " Securing the Village Traders' Transactions through Cryptocurrency", "website": "https://m.facebook.com/groups/401095651035899/permalink/1039501117195346/?mibextid=Nif5oz", "createdAt": 1698310724828, "userGithub": "Papy", "credentials": {}, "description": "Et en anglais, il propose ceci :\n**Project Description: Securing the Village Traders' Transactions through Cryptocurrency**\n\n**Background:**\nIn the heart of a bustling village, entrepreneurial women sell chickens to the local mine workers. To procure the maize grain essential for their business, they cross the border into Zambia. However, this journey comes with challenges. These women frequently fall victim to theft, jeopardizing their livelihood.\n\n**Solution:**\nTo address this, our NGO has turned to cryptocurrency, an innovative solution that offers these women a secure alternative to cash. Initial tests have shown promising results, with a significant reduction in theft risk and an empowerment of financial autonomy.\n\n**Implementation:**\n1. **Training**: Cryptocurrency training sessions are organized, where villagers learn to use a wallet and execute currency exchange operations. Through this training, one villager becomes a trainer in turn, ensuring the initiative's sustainability.\n2. **Technological Innovation**: In collaboration with the French Development Agency (AFD), we are testing the TerraCommuni protocol. This decentralized identification protocol allows villagers without smartphones or internet access to engage in cryptocurrency transactions.\n3. **Incentive**: Mechanisms are set up to encourage the adoption of cryptocurrency. Donor contributions are directly used to train more traders and to cover their transaction fees.\n\n**Impact:**\nBeyond the mere security of transactions, the project's success lies in democratizing and integrating cryptocurrency into the community. In the long run, this could pave the way for more advanced uses such as smart contracts for savings or credit.\n\n**Your Contribution:**\nEach $100 donation allows for the training of an additional trader, covers her transaction fees, and further incentivizes women to join this initiative.\n\n**Why Support Us?**\nOur commitment goes beyond this project's implementation. As a community NGO, our mission is the ongoing support of the village across various issues. Your donation will contribute to enhancing safety, financial autonomy, and in the long term, the prosperity of an entire community.\n\n**Join us in this digital and social journey, and help us build a brighter future for these brave village women.**\nThe general aim of the project is to promote the prosperity of the village community by solving concrete problems. For example, women traders sell chickens to employees of the village mine. For their business, they buy maize grain from neighboring Zambia. But the proceeds of their sales are sometimes stolen as they cross the border. So they need to dematerialize their cash to reduce the risk of theft.\nThese traders don't have bank accounts. We had considered providing them with pre-paid VISA cards, but the costs were too high. So we tried instead to convert their cash into cryptocurrency in the village and then change the cryptocurrency into Zambian currency once across the border. This worked well, despite the difficulties and the novelty of the approach. The merchants felt reassured. But the main obstacle remained learning how to use a wallet and setting up a local cryptocurrency exchange business.\nTraining and awareness-raising sessions took the form of meetings where a community worker, a member of our NGO, would train a group of villagers on their phones, and one of the villagers would in turn try to become a trainer. The main objective is to raise awareness of the advantages and disadvantages of crypto-currencies for dematerializing the cash used in the village's professional activities, and to learn how to use a wallet independently and carry out exchange operations between fiat currency and crypto-currency. More advanced training is envisaged for villagers wishing to become stockbrokers.\nWe have the idea of setting up incentive mechanisms to encourage community members to adopt cryptocurrency and to provide an incentive income for the local stockbroker. If these mechanisms work, the same approach will be extended and replicated in other villages where our NGO operates.\nThe project will be a success if the use of cryptocurrency spreads and continues to spread even without the intervention of our NGO. It will also be a success if the villagers discover and appropriate more sophisticated uses of cryptocurrency, such as the use of smart contracts for savings or credit.\nUsually, the village traders buy $50 to $100 worth of maize grain in Zambia each time they travel. For each $100 donation, we can train an additional trader, cover her transaction costs, pay the local exchange agent and leave more than $50 for each trader as an incentive to participate. The exact breakdown will depend on negotiations between the exchange agent and the trader.\nFor security, the aim of the training is to empower the villagers, so a large part of the training concerns the management of the wallet's secret phrase and private key, as well as raising awareness of the risk of cryptocurrency scams such as investment promises that turn out to be Ponzi pyramids.\nOur NGO is a community-based one that will continue to intervene in the village, as it has done for many years, on a wide variety of topics. Even after these training courses and activities, we remain in constant contact with the village. We guarantee sustainable support, because supporting the village is our raison d'être.\nWe are working on these issues in partnership and support with digital experts from the Agence Française de Développement (AFD), which financed our initial tests. We are also experimenting with AFD's TerraCommuni protocol, a decentralized identification protocol for villagers that would enable them to benefit from cryptocurrency financial transactions even if they don't have a smartphone and Internet access.\n", "projectGithub": "Tuedeleye mazembe "}