Innovation Tagline: Decentralized value transfer
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Mbeche is a decentralized monetary value exchange dApp with an added decentralized marketplace. Decentralized value is what we bring, we cater for the LSM(Lower Segmented Markets), the unbanked, the Tuck-shop owner, the Salon owner, the Tavern owner, Carwash owner, the Taxi driver and the Informal Traders. Mbeche is a peer to peer digital monetary value chain. Mbeche empowers the economical disenfranchised masses to participate and grow, their monetary value in an ever evolving technocratic system. Mbeche provides a decentralised marketplace where registered and verified vendors can sell there goods and/or services to user/customers willing to buy their goods and/or services of value. We aim to increase cryptocurrency/blockchain adoption.
Key Partners
System Owners(Ankh Negus Pty ltd) & (Korri Fintech Pty Ltd)
HyperLedger Foundation
Linux Foundation
3rd Party Agents(LSM business owners)
Systems Administrators and Developers
End Users
Key Activities
Decentralized money transfers
Remittance advise
Decentralized digital marketplace and services
Digital & physical deposits
ATM & 3rd party Withdrawals
Value Proposition
P2P mobile payments
Bill payment(Utilities, Airtime, Data, Retailer)
Deposits and withdrawals
AI support services
Undocking(Offline system cache)
Split payments
Multichannel E-commerce platform(3rd party agents and Retailers)
Architecture Security
our architecture is more secure compared to client-server. For instance, by having no central point of failure and having a large number of nodes distributed across the network, Denial-of-Service(DoS) attacks are not possible.
Another benefit is data immutability, where the data once is written cannot be altered. The bigger the network, the less chance it can be altered. To alter the data, the majority of the nodes need to be controlled by one entity to carry out a 51% attack.
Customer Relationships
Money transfer between family and friends, employers and employees
Deposits and withdrawals
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Multichannel digital marketplace
Social media campaign
Place product on marketplace
App Store
Customer Segments
LSM(Lower Segmented Markets)
People with no bank accounts
World remittance
Telecommunication , Banks, Retailers, Brands and agencies
3rd party agents(Owner of : Tuck-shop, Salons, Taverns, Carwash, Taxi driver and Informal Traders
Revenue Streams
Direct sales of the product to customers(Legislated deposit fee)
Online sales fees
Monthly offline service fee
Direct and Native Advertising
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We feel Mbeche mobile money transfer app will be a disruptive innovation in South Africa , by banking the un-bankable and allowing SMME’s to enter the market. More than ever Mbeche will allow business and clients from low income groups to enter the e-commerce space and participate in the economy
Solution
a. We at Ankh Negus have a solution for this we will be working with the Tuck-shop owner, the Salon owner, the Tavern owner, Carwash owner, the Taxi driver and the Informal Traders. With our platform our users will be able to pay utilities like electricity bills, buy airtime and data and pay any retail fee.
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(0.1) Graphics designing
(0.2) Business analysis
2. Vuyani Ngcana - Lead Front End Developer
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8. Themba Ndwene - System Administration
b. We do need support developing the blockchain solution, we also need support with front end development.
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Quarter 4 - Beta dApp tests
- Tests by product users
b. Ankh Negus plans to partner with local municipalities to offer an extension of our services to townships and rural locations. We will empower the youth by training and assigning a hub as their own getting support from Ankh Negus to run their internet cafe’s.
c. The mobile communications industry is often subject to unpredictable and higher direct and indirect taxes in our countries of operation. Other volatile macroeconomic conditions – such as fluctuating foreign exchange and inflation rates can weaken Consumer and Enterprise spend, reducing revenue and impacting negatively on operating costs and capital expenditure. A priority market review on both Wholesale and Retail can result in an increase in regulatory requirements. Stringent regulatory requirements set by the regulator or legislation could have an impact on profitability, growth and services and intensified competition from a variety of new and existing technology providers, new market entrants and competitors. A major failure in critical network or information technology assets – for example, through natural disasters, insufficient preventative maintenance, or malicious attack – would have a profound impact on our customers, revenues and reputation.
P2P: Pros & Cons
As hyper ledger is a decentralized system of peer to peer network, it is highly available due to decentralization.
Because of P2P networking capability, even if one peer gets down, the other peers are still present. Thus nobody can take down the ledger.
P2P networks offer greater security compared to traditional client-server systems.
When you are using cloud computing to store your data, you need to trust AWS and Google drives, but with the blockchain, because it utilizes peer to peer network you don’t need to trust any third parties which can modify your crucial data. These are non-resistant to censorship by central authorities.
These networks are virtually immune to the Denial-of-Service (DoS) attacks.
The distributed peer-to-peer network, when paired with a majority consensus requirement, gives blockchains a relatively high degree of resistance to malicious activity.
P2P network in blockchain, however, raises few concerns. As in blockchain, instead of a central server, distributed ledgers must be updated on every single node, adding transactions requires a considerable amount of computational power. Although this provides an increased level of security, it significantly reduces efficiency, and this acts as one of the main hindrances in terms of scalability and mass adoption.