Funtrench Limited is a technology company that is at the cutting edge of building distributed-ledger solutions for various emerging challenges in a new, digitally assertive Africa. Our key focus is in bringing the strengths of distributed ledgers to common problems such as counterfeit goods, electoral fraud, cross-border payments and automated escrow among others. Funtrench can be described succinctly as:
Blockchain Solutions. Blockchain Training. Blockchain Infrastructure.
- Solutions: We develop solutions based on blockchain technology such as Ganji, our payments solution. Our work spans from altcoin development to digital exchanges. We are a Multichain Platform Partner as of 2018.
- Training: From our Blockchain Campus on 3rd Floor, Park Office Suites in Nairobi we offer 4 certificate courses accredited by Positrust LLC and various specialist workshops for the professional wanting to add blockchain-ready to their resume.
- Infrastructure: We provide blockchain-as-a-service where anyone can simply sign up for a ready-to-go blockchain infrastructure instance (with nodes, administration and mobile app) in the same way that one procures web hosting. No development required. We also provide cryptocurrency investment services with provable and consistent returns.
What is Blockchain?
The purpose of a blockchain is to enable a database to be directly and safely shared by non-trusting parties. This contrasts with centralized databases, which are stored and controlled by a single organization. A blockchain has multiple nodes, each of which stores a copy of the database. Nodes connect to each other in a dense peer-to-peer fashion, using a ‘gossip protocol’ in which each node is constantly telling its peers everything it learns. As a result, any node can rapidly broadcast a message to the entire network via many alternative paths.
Blockchain technology – formally known as distributed-ledger technology – now affects millions of transactions and lives after its rapid growth following the rise of Bitcoin, the first blockchain-based digital currency. It allows for global money transfer, enforceable digital contracts, fraud-resistant supply-chain management, and secure data storage among other applications.