Alakanani Itireleng, Director of the Satoshi Centre, has spoken to government officials of Botswana regarding the possible uses of the XInFin Platform
Alakanani Itireleng, Director of the Satoshi Centre, has spoken to government officials of Botswana regarding the possible uses of the XInFin Platform, a service that connects institutions with global suppliers.
According to cryptocoinnews.com, there was a meeting held to introduce XiFin to the government officials, while encouraging them to use the platform to finance infrastructure development and procurement of essential equipment and materials.
“The XinFin platform is dedicated to bridging the global infrastructure deficit which is in the region of $5 Trillion, and I think it is a huge opportunity for developing countries like, Botswana, to make good use of.”, as Alakanani reportedly told the 20 government officials, who were at the meeting.
Alakanani explained the possible incentives that the platform might create in the form of 25 bounty and XDC tokens.
She said as quoted by cryptocoinnews.com:
“You know very well how it is so difficult to access funding for projects in third world countries like ours, but we are eliminating that by using the XDC token. We have created a marketplace with a crowdsource feature that allows individuals, governments and institutions to initiate a project of public importance and promote it with crowdsource and support.”
“When the project is given the nod by a minimum number of votes, it is then open in the marketplace for project management consultants who will bid for the process of administration from conceptualization to execution. The complete workflow from design to sourcing of materials will also be available on xinfin.org in a transparent manner which is enabled by IoT devices.”, as she elaborated in her speech.
“So far we are working with leading companies that provide safe drinking water through customised decentralised drinking water solutions and a unique Water ATM model that use smart cards for villages across India.”, Alakanani told cryptocoinnews.com.
Still, some officials were a bit skeptical. One of them who wished to remain anonymous told the online media:
“Finance for infrastructure without interest rates is unheard of but we are going to scrutinize it and take the necessary action.”