The Mystery Of Bitcoin

The Mystery Of Bitcoin

You, too, could have hit a jackpot had you invested in Bitcoins! Have you been a victim of this kind of lecture? Well, rest easy, for the most of us, with the exception of a very lucky few, it is an endless wait.

In an effort to make our readers understand this wilderness cryptocurrency, I will borrow the analogy of reconstructing a shattered pot to explain what Bitcoin business is all about? The intrinsic value of earthenware is easy to find when watching a skillful potter put his talent at play creating functional pieces, which are also decorative and often meant to be appreciated purely as works of art.

In the African setup, before the invention of the malleable iron and the versatile plastic, our adorable mothers used to carry water in these lovely shaped and delicately baked earthenware. You will agree with me that fetching water from the well and trekking several miles to the homestead while carefully balancing a pot full of water on the head, sometimes on high winds is a recipe for disaster. One occasion, the pot would come down and crash into scattered tiny bits of pieces called potsherds dispersing all its contents along with it. My dear reader, consider this unfortunate event of the crashing of the pot to mark the invention of the Bitcoin with individual potsherd pieces numbered a total of 21 million bitcoins.

Now, we set out to reconstruct the pot based on blockchain technology by mending the individual potsherd pieces together using fillers, glue and cold glaze to its original shape and form, and build the business of Bitcoin as a cryptocurrency over the Internet. The continuous process of searching, finding, identifying the correct potsherd piece to fit the puzzle and painstakingly building the original pot is christened Bitcoin mining; and this requires enormous resources and time as you can imagine.

As far as cryptocurrency is concern, this calls for expensive investment in serious computing power to negotiate and append a new unique block of code into an already existing, fragile and growing record of transactions. Because the pieces are so scattered, the source of the next find is somewhat distributed into a sort of organized chaos by design; for nobody in particular knows where the next solution will come from. This lack of an overseeing body like the Central Bank to release new currency whenever the market demands or requires it is a core feature of the definition of a cryptocurrency.

In the case of Bitcoin, new coins are released on a steady and predictable rate using a coded mathematical formula. This rate started with 50 new bitcoins every hour and is halved until around the year 2140 when there will be no more bitcoins to release. Dear reader, at this point to understand Bitcoin mining, think of it as the process of verifying these transactions in its simplest form. In the beginning, bitcoins could be mined on home computers and were awarded at about $2 each. Now mining is a much more complicated and energy-intensive process involving giant mining farms of thousands of computers across the globe.

Now that we have a better grasp of what Bitcoin and Bitcoin mining is, let us take a deep dive into the business of cryptocurrency and explore rumours, truths and lies. As at January 2018, there are over 1,384 cryptocurrencies available over the Internet similar to Bitcoin but based on different algorithms including Ethereum, Litecoin, Primecoin; and many more are being created every day.

A cryptocurrency only has value in its exchange, which means that in itself, it has no inherent value much the same as a ‘conventional’ currency. A Shilling is only worth what someone is willing to give another for that Shilling. If everyone stops accepting the Shilling, won’t it become worthless? So it goes without saying that a cryptocurrency is only worth what someone will exchange for it.

The burning question therefore is whether Bitcoin and other cryptocurrencies are the future of digital money? Judging from what the inventors of the first popular cryptocurrency Bitcoin, Satoshi Nakamoto and others envisioned it for, it is becoming increasingly difficult to consider Bitcoing as a currency. Recent developments show that Bitcoin is becoming less of a payment network and is instead evolving into digital gold, much like when our precious 2,000-year old pot is fully reconstructed and auctioned to a collector for an antique. The initial price of a bitcoin, set in 2010, was less than 1 Kenya Shilling and as at December 2017 the value had surged to over KES 1,600,000 but has since dipped to KES 1,100,000 in January 2018.

This rally from the investment world is dampening any hope that bitcoin will mature into a means of exchange. Currencies need to remain broadly stable in their valuation to ensure that commerce can take place. Certainly, there is bound to be some shift in the value of the coins in your pocket and that is why foreign exchange trading is a business, but put simply, a shilling should buy you the same thing on Monday as it does the following Friday.

Understandably, Gold is valuable because it has many industrial and decorative uses. Its price can fluctuate due to speculation on financial markets, but it can never fall to zero. There will always be someone willing to accept gold because it’s a useful commodity. Conversely, one has to ask if Bitcoin is really valuable? It has no industrial or decorative use, and it doesn’t entitle the holder to receive interest. It was intended to be valuable as a currency that is accepted the world over, but that doesn’t seem to be happening either. Perhaps, the only major value that Bitcoin has now is its exchange value. Many people are willing to pay a lot of money today to get hold of some Bitcoin. But what they are getting for their money is simply the ‘hope’ that another buyer down the line will pay even more money for the same coins. One is therefore forgiven to hold that once the hype stops, there will be no fundamental value to prevent the bitcoins’ price from falling close to zero. To many of us, this reason definitely falls on deaf ears. We take comfort in a euphoric attitude that always leads to a bubble with some investors of initial coin offerings (ICOs) reaping big while the rest of the park is kept busy with occasional speculative and destructive busts which often leave many investors counting losses.

For the bold and wild investors, it may do you good to keep watch of the upcoming G20 meeting in March 2018, where policymakers will discuss tighter regulations or possible crippling of cryptocurrencies all together. For us in the technology industry, we must thank Bitcoin and the other cryptocurrencies not for their elusive ‘currency’ and emerging pyramid schemes but for the supporting technologies borne of these inventions. When I think about cryptography and blockchaining technologies, several opportunities stir my fancy including; cheap almost free money transfers methods, universal ID for every person alive, smart contracts, voting, Internet of Things (IoT) and many others.

Property Management System For Commercial Property Managers

Property Management System For Commercial Property Managers

I once went to a building in Nairobi town to look for an office space to rent. At the main entrance, I found guards who directed me to the property manager’s office and on the door there was a plate that read, “We deal with honest money only; gold, silver or shekels”. Because I was very much in need, I inquired if there are any tenants whose leases are about to expire at the end of that year 2017, and how much rent a square foot would cost? The office holder responded that the offices would be vacant when the property owner says so and the rent depends on your relationship with him as well.

A simple survey of investors with property in Kenya found that two out of five self-managing landlords interviewed had experienced tenants defaulting on rent. It also found that landlords who used Property Managers to manage their relationships with tenants faced fewer problems.

In our society today, property managers handle an array of responsibilities that come along with this business, more importantly minimizing vacancies in rental properties and ensuring that landlords receive the maximum return on investment while helping the rental business run more smoothly.

Commercial property management for retail, industrial and office space have distinct needs from residential properties. An effective property management software such as this offered by Dewcis Solutions Ltd would help property managers create detailed financial projections, automatically calculate rent increases, create recurring charges for each tenant and communicate critical leasehold notices in time, among other things.

These days, the ability to always be connected to the Internet, ease of use and technological advancement are among the primary reasons why automation is the key to business. Our property management system exploits all these three elements and enables property agents to access the solution online from any location, which reduces the operational costs and enhances the flexibility of management.

One of the fastest-growing trends in the Kenya market today is the ability to accept payments online. With the rapid growth in the number of online transactions and purchases, tenants expect an automated cashless payment system such as what is implemented in our property management software to be an integral part of the hosted application.

A comprehensive and commercial-oriented accounting application inbuilt within our property management software, can drastically reduce the amount of time spent calculating figures at the end of each month and thereby boost efficiency and freeing up valuable time for other essential tasks.

The reason to pen this write-up could not be more obvious, which is to encourage adoption of our state of the art property management software; to improve speed and quality of service, manage costs, improve tenant satisfaction, and ensure quality and safety in equipment and the property itself. While our property management solution provides the tools and insights needed to do just this, we have gone a step further to elevate your business above your competitors by incorporated SMS and email notifications of various critical lease related actions to keep you, your tenants and landlord compliant.

 

 

Property management system for residential property managers

Property management system for residential property managers

The comfort of Living is a very serious matter in Kenya. After all, aside from the car we drive and the company we keep, the places in which we live are the biggest indicators of our status within the culture. And so, it goes without saying that when an issue arises with the living conditions, tenants demand prompt response from their property managers.

Over the past few years, mobile and web technology has grown by leaps and bounds. While this is undeniably true, the same cannot be said of the property management sector in Kenya where the use of technology is still a foreign concept.

DewCIS, a software solutions company has recently unveiled Baraza Properties, a hosted online application for the benefit of property managers to run their businesses more effectively and streamline operations; make life more enjoyable and less costly for everyone – tenants, managers, property owners.

There is a general notion that “systems” are usually complicated tools that are a preserve of the few. Well aware of this ill-conceived narrative, DewCIS was particularly keen to design and develop a simple to use product with very little learning to do. The design idea was “beauty in simplicity”, with a compelling interface easy to adapt and use within the shortest possible time with very little computer exposure.

The ever-unpredictable daily nature of property management environment means it’s easy to spend the majority of your time firefighting issues instead of planning ahead and creating long term solutions. Baraza Properties can help by automating manually intensive processes, meaning you and your team have got more time to focus on the tasks you can’t wish away.

Taking on more properties to manage as your business grows traditionally, meant more work and therefore recruiting more staff to run around. Thanks to DewCIS, the technology that is now available to property management teams using Baraza Properties means this doesn’t have to be the case. Automated notifications and streamlined workflows will make it easier to efficiently manage and keep track of your portfolio and check on costs.

Attempting to keep track of critical property dates such as rent reviews, routine maintenance, insurance renewals, service charge, year ends etc would soon run you into very costly trouble and in some cases legal penalties with your tenants and or landlords. Baraza Properties with automatic diary reminders and a dashboard with a full view of outstanding tasks empower property managers to no longer have to worry about missing key dates or deadlines.

Having a full view of your business portfolio is key to being able to stay afloat in business and work on expansion. Using our online property management system will enable you to maintain a single cohesive data source, providing you with a full view of your portfolio and critical reports at the click of a button.

The idea behind this article is therefore to urge property managers in this region to use the New Year as an excuse to think of embracing our hosted online Baraza Properties in these coming years and avoid pitfalls by continuing to do the same things in the same old fashioned ways and getting the same poor results.

New website launch

New website launch

Dewcis Solutions Limited is proud to announce the launch of our new website https://www.dewcis.com which is a throwback to our expanding role as a global leader in IT solutions and services.

Our new website provides a clear message of who we are, what we stand for and where our values lie as a business when implementing, delivering and maintaining IT solutions and services. The website provides our visitor a transparent way to learn about Dewcis products and services and also to allow the visitors to browse information based on choice. It is also fully responsive with mobile devices, making it easy to navigate on a wide range of web browsers and portable devices.

Amongst the new features the site boasts of an integrated social media buttons for Facebook, Twitter and LinkedIn to foster improved communication with our clients. We will be constantly updating our content with helpful information, articles, blogs, newsletters and client successes in the success stories section.

We hope you find the new website refreshing and informative.

For any questions, suggestions, feedback or comments, please contact us.

Information Technology for the Politician

Information Technology for the Politician

Technology has a great impact on everything from how we hear about political events to even how we vote. Embracing technology and harnessing the power of new communication mediums through channels like Facebook, Twitter, YouTube, or podcasting websites may help one sway public opinion.

Through the clever use of technology, politicians have found generations of new potential voters. Candidates without online presence are at a disadvantage over those exploiting technologies to help them gain attention, money, support and votes. Therefore, Information technology is a major asset for a politician to use as a campaign tool.

The basic Information Technology a politician can use to campaign with are:

A Simple Website

A Website should serve as the campaign’s public front and the primary goal is to help build a supporter database by recruiting. No visitor to the site should leave without an opportunity to join and support the candidate. A Website’s look does matter a lot, since a well-designed layout should make a good first impression. Voters, bloggers and journalists ultimately come to a candidate’s site for information therefore it has to be accurate and up-to-date.

This enables the clients to follow the candidates campaign easily. The politicians case is presented in the strongest possible way, telling the candidate’s story through words, photos and video.

SMS Broadcast/Bulk Messages

SMS text messages are the quickest way to reach your audience which are easy to personalize to each contact. Bulk messaging is the sending of large numbers of SMS messages for delivery to mobile phone terminals. Politicians can use this service to send alerts, reminders and to market themselves to potential supporters.

Countries that may not have a vast internet coverage use text messaging (USSD) to reach out to potential supporters. There are software’s that have advanced features to assist in sending these messages and even scheduling specific times to send them.

Social Media

With half the world’s population on various social media platforms such as Facebook and Twitter, it wouldn’t be wise for a campaign team to ignore the social internet. These platforms allow for the potential supporters to directly chit chat with their respective candidates. Interacting with these politicians allows for potential supporters to ask questions regarding policies and other topics of concern so as help one decide who to vote for.

The same platforms also directly link campaigns with donors and volunteers therefore providing easy paths to distribute news, talking points, event invitations and appeals for time and money.

Data Analysis

The politicians campaign team gather information from the field regarding various political issues and the data is analyzed so as to pin-point voter patterns in past elections. The patterns help understand issues most relevant to the voters and the politicians can then create a message which appeals to the voters. Data analytics can help to better advertising campaign’s and also create better strategies to increase voters.

Depending on the voter’s responses, the collected data is fed to a database engine. This allows for better targeting of voters. The campaign team, media and relevant parties adopt data analytics in an attempt to predict the winners.

Accounting System

Transparency is important to a Candidates reputation as well as election officials and the public who have a right to know how much money was raised from whom and how it was spent. Information Technology has brought about software specifically made for Accounting purposes.

There is a need to not only keep track of all the money that’s coming and going, but you also need to prepare every transaction for the government reports.

Examples of such software are BackOffice and ISPolitical which are designed to track things like monetary contributions, miscellaneous income, expenses, loans and non-monetary donations. It has features of regular accounting software like printing checks, running bank reconciliations and keeping tabs on your bank balance. It also includes a full suite of reports, like Profit and Loss statements and cash flow reports.

 

 

Open Source Technology

Open Source Technology

Open source technology is an often-misused term; too often, users  think open source is synonymous with free. With the relatively recent rise of the Internet’s influence on production and development of software, open source has become a popular vehicle to obtain widespread use and support of some very popular software titles.

When youthful developers think of open source, programming becomes a form of art much less a painting and more like creating music by harmoniously working in collaboration towards a common objective with few licensing restrictions and more freedom to grow.

When companies think of open source, these days they think “business agility,” a quality they increasingly value above all others in the fast-changing marketplace.

The ability to create new applications quickly, reliably and economically is drawing businesses big and small to open source and emboldening them to use it for ever-larger projects, IT practitioners say.

Companies large and small have taken to open source as a way to increase collaboration, reduce development costs, provide a friendly platform for their products, and sell services. Billions of dollars of value has been created based on this simple structure. The adoption of open source software has become a cultural phenomenon. The basic facts regarding the growth of the open source movement are amazing.

Open source technology has spawned an open source culture among programmers and developers who embrace the open source philosophy. Many open source initiatives begin to spite the large corporations who dominate the markets with expensive, complicated, and over-commercialized software. In fact, many Linux developers are committed to producing software that rivals or even surpasses the flexibility and compatibility of such software giants as Microsoft, Apple, and IBM.

Most money made from open source software comes in the form of support for the software technology and its many additions, add-ons, and modifications that often ensue. Although most open source software is available to download free, license remains with the original creator of the software and does not transfer to anyone regardless of any modifications, improvements, or add-ons made to the open source software. Although free to download, the software is not free in the sense that the end user can do whatever he/she wants to it including selling it.

Cost savings may be only part of open source’s allure, but it’s still a big part, no matter what size the organization.

Enterprises have always customized packaged software such as ERP applications, except now, with open source, that customization is less expensive.

Conclusion

Although open source software is often free to download and use, open source licenses rarely transfer any ownership of the software to the end user or developer. Open source is not limited to software. Open source philosophies have been applied to everything from medicine to soft drink formulas. The result is higher commitment and even cult status among the developers and users of open source technologies.

 

5 Ways of Increasing your Online Business Visibility

5 Ways of Increasing your Online Business Visibility

An investment made to increase your company’s online presence and visibility is an investment in the future success of your company. The use of social media is the best and most efficient way to increase your business visibility as it focuses on attracting the attention of target customers.

  • Online visibility is about getting found wherever conversations are happening that are important to your customers, industry participants and your business. For example, strong visibility would suggest that your Company appears in the first page of any search (Google) results when a potential customer is looking for quality services and products.
  • Corporate branding/Domain; On the World Wide Web, a domain name is your own unique identity and having a custom domain is important for your online brand. It advantage is that it definitely improves name recognition, increases credibility and helps you get found online more easily.The domain name should be attached to all the company’s profiles, emails and especially the website.
  • Your Website has a few seconds to capture the attention of visitors. Potential customers will form their opinion in seconds regarding your website so you must put in some work in order to grab their attention. Be creative and informative in the content displayed in the website. Keep up with the latest website layout trends. Incorporate a daily blog so as to add relevant and current content to the website.Consider your website a primary online resume and update it every so often. Information must be up to date and design needs to keep up with latest trends. Blogs seem to also be good as it lets a potential client interact with you.
  • Social media platforms can help direct traffic to your business. The more your prospective customers see, hear, and read about you in more places – web sites, Facebook posts, articles, radio shows, blog posts, etc. – the more you are seen as an expert. Contribute and share on expert forums like Linked In to find other industry professionals.Monitoring and participating in discussions relevant to your business on social media platforms like Twitter and Facebook among others puts your business out there. Joining in the Hashtag movement (#BusinessVisibility) and other trending topics ensures you stay current in the industry.When posting, aim to share material that’s likely to engage your prospects and get them excited about having a conversation with your company. Keep tabs on what others are posting about your business on various social channels. Thank clients for any positive feedback and “shout outs” and address any negativity or concerns but beware unproductive back-and-forth.
  • Search Engine Optimization (SEO) Every day clients are searching for your products and services online. SEO is a form of internet marketing strategy that places your website/content at the top of search engine results so that customers found your website/content when they search for the products and services you are offering. The use of keywords related to your business will ensure clients are able to find your business on online platforms. Do research on keywords that your target customers are searching for online. Understanding what they are searching for online helps you create content that incorporates these keywords to optimize your online presence.
  • Online advertisement. In a world where over three billion people use the internet, and no one can put down their smartphone or tablet, it seems obvious that startups and small businesses would look to advertise their products and services online.A relatively easy and quite effective way to drive traffic to your website is to use paid search advertising. Pay-per-click (PPC) ads allow you to pay for display ads on search engines, which appear in the sponsored results section of the search page.With Online advertising having gained popularity in the past few years, businesses of all sizes whether small, medium or big want to reach out to their prospective customers by promoting and advertising their business online.

 

5  IT Essentials for a Small Business

5 IT Essentials for a Small Business

Dependency on information technology (IT) by organizations has progressively increased as a strategic competitive advantage. If properly planned, developed, and managed, IT can bring about greater efficiency in organizational operations, better working environments, and effective decision-making processes.

Small businesses definitely benefit from technology as it stretches their limits from a larger client base to better service delivery and much more.

The basic IT requirements to kick start small businesses are;

Mobile Phone/Tablet/Laptop

One of the great truths of small business is that you often don’t tend to have much time to mind the business. Often you will need to visit customers or be out of the office to actually do your job. That time on the road cannot afford to be wasted; so being able to take your work with you via phone, tablet or laptop is a tremendous boost to your productivity.

This is important as it gives you access to the Internet to communicate with clients while you do research and backup your valuable data. With these gadgets, you can have Antivirus and malware protection software’s installed to ensure security.

Business Email/Number

Having a Dedicated business email address and number is very important for any start up business. The importance of these is potential clients who are looking at your services on your website being able to reach your business through emails for more information, or to place an order.

Your thin staffs are also going to be emailing clients as well; therefore reliable email service is the critical communications piece in your new business plan.

Website

Today, very few consumers turn to the Yellow Pages for business information. Instead, they rely on search engines like Google, Yahoo or Microsoft. Meaning if your company is not online, you don’t really exist. Your website is a virtual business card for it not only supplies consumers with sought-after information like contacts, directions, hours of operation and areas of expertise, but it also conveys the image and spirit that sets you apart from the competition. Keep your site simple but concise.

Social Media Profile

In addition to your website, it’s increasingly important to establish your firm’s presence across social networking services like Facebook and Twitter. Social networks enable businesses to share information on upcoming deals, specials and events by communicating directly with customers already interested in what they do. According to research, businesses now market their services and products via social media, exploiting the free microblogging platform to promote goods and services, and even when introducing direct sales initiatives. Blogs are trendy and many readers get redirected to your site over and over again.

Office Suite

 One of IT essential for a startup business is an office suite. The application allows one to easily view, edit, and create Word, Excel, and PowerPoint documents, convert to PDF, and manage your files all with the most feature-rich mobile office solutions available.

In addition to producing documents, spreadsheets and PowerPoint presentations with a distinctly professional flair, a comprehensive office suite solution should integrate calendar, address book and e-mail management functions, simplifying communication with colleagues and clients alike while also streamlining your daily workflow.

In as much as professional office suites licenses are prohibitive, the Internet is awash with free to download applications that would start someone off.

 

In conclusion, starting your own business can change your life forever. It can free you from a dull and unfulfilling job and by taking advantage of the Internet; small businesses gain the flexibility to work at home, in an office, or shared workspace. Being an entrepreneur allows you to set your own hours, choose your staff, and pursue the career path of your dreams. By exploiting the various opportunities presented by use of technology, it also means making more money and having fun at the same time.

Fair Trade Software and Scrum Training in Nairobi

Fair Trade Software and Scrum Training in Nairobi

Fair trade, is a well-established concept in international trade that has long focused on commodities, particularly on agricultural and craft products that are exported from developing countries to developed countries. The key aim of Fair Trade has been to protect and secure the rights of marginalized producers and workers in developing countries.

This concept is now finding its niche in the information technology field as a way of protecting and securing rights for software developers in developing countries. Fair Trade Software (FTS) concept is an economic model for software development that will deliver high-quality and cost-effective software for corporate customers whilst stimulating growth of knowledge for various economies in developing world.

The FTS concept is already in application in Kenya amongst few IT companies. However in bid to boost its penetration a programme dubbed ‘CODE PAMOJA’  in collaboration  with Competa IT which is a Dutch IT firm in conjunction with German government, will be providing free  accelerated  information technology  training  workshops based on the latest and upcoming  software’s and applied skills in the IT field.  This will give upcoming software developers an opportunity to participate in international projects.

This new initiative will see two local IT firms BTI Millman and Dew CIS Solutions partner with the Dutch firm Competa IT to offer systematically coined strategies and IT components that will allow for trainees to acquire a multifarious   skill set to better serve the ever growing ICT market in East and central Africa.  The initiative will provide for an opportunity for local developers to  bridge the ever widening gap between the international IT best practices that limits progress in the development of the IT sector in Kenya.

The objective of Fair Trade Software is to help by actively involving programmers in developing countries (“Partners”) in projects with teams located in OECD countries (“Providers”) employment can be created in the developing country, knowledge and skills transferred, and the sector grown. This way, development software can meet the criteria for Fair Trade.

Dew CIS Solutions Joins Google Apps Authorized Reseller Program

Dew CIS Solutions Joins Google Apps Authorized Reseller Program

13th February 2012 – Dew CIS Solutions today announced it has become an authorized reseller of the Google Apps™ suite of communication and collaboration tools

Google Apps brings simple, powerful communication and collaboration tools to organizations of any size – all hosted by Google to streamline setup, minimize maintenance, and reduce IT costs.  With Gmail (including Google email security, powered by Postini), Google Calendar, and integrated IM, users can stay connected and work together with ease. And, using Google Docs and Google Sites, which include word processing, spreadsheet, presentation and website creation tools, they can share files and collaborate in real-time, keeping versions organized and available wherever and whenever users work.

The Google Apps Reseller program includes resellers, consultants and independent software vendors that sell, service and customize Google Apps for Business for their customers. Dew CIS Solutions received training, support and deployment services from Google, as well as access to APIs for integrating Google Apps into their customers’ business operations. DewCIS is able to retain a close relationship with their customers in order to provide additional service and support. The businesses receiving Google Apps will benefit from the additional attention to their specific needs. For more information please visit http:///www.dewcis.com and to learn more about the Google Apps Reseller program, go to http://www.google.com/apps

 

Dew CIS Solutions LTD
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