What are the reasons why blockchain investors choose Mauritius?

Narasiah points to the nation’s strong business and governance environment, which has been internationally recognized as the strongest in sub-Saharan Africa.

Regional driving force for the Bitcoin secret

According to the World Bank’s annual ‘Doing Business’ survey, Mauritius has the best business climate among the countries in the region and ranks 49th out of 190 countries worldwide. The World Bank’s ranking weighs factors such as simplifying the process of starting a business, enforcing contracts, obtaining credit, attracting Bitcoin secret investors and paying taxes.

In its annual competitiveness rankings, Mauritius has the most competitive economy, best infrastructure and highest-quality workforce in Africa, said the Bitcoin secret World Economic Forum.

Narasiah also highlights the country’s ongoing development of communications infrastructure – including projects to enable free Wi-Fi anywhere on the island and install fiber optic connections in every home – as a key incentive for technology investors.

The bridge to the major cryptosoft markets

Such stability and geographical location has made Mauritius a popular meeting place for financial cryptosoft services companies looking to enter new markets on the African continent. “Mauritius is a country many African governments want to emulate. So if there is a system in place that has been properly tested in Mauritius, there is some kind of security and credibility for this solution to cryptosoft marketing in Africa,” says Narasiah.

Mauritius has a bilingual workforce that speaks both English and French and has tax treaties with more than 20 African nations including South Africa, Zambia, Uganda and Rwanda.

The island nation also maintains close cultural and economic ties with India – an economy predicted to surpass China as the world’s most populous nation in the next decade.

About two thirds of the Mauritians are of Indian descent, and have been the largest single source of foreign direct investment in India in recent years. One of the reasons for this is a favourable double taxation avoidance treaty between the two nations.

21 Inc confirms strategy: Bitcoin-Miner for the masses

21 Inc today confirmed its strategy to distribute Bitcoin Miners in consumer electronics and hardware products.

The formal endorsement of the company’s objectives followed only a brief report that already reported on the Bitcoin start-up’s ambitions – 21 Inc wanted to use the mining chips built into its hardware products to further promote Bitcoin micropayments and stimulate the general public to become familiar with Bitcoin. If you compare today’s plans with the original company plans from autumn 2014, you can see how the strategy has changed and adapted over time, even though the core message of the strategy remained virtually unchanged.

Focus on the end consumer

In a blog post on Medium, 21 Inc CEO Balaji Srinivasan discussed, for example, how this strategy could use Bitcoin to authenticate devices or subsidize smartphones in developing countries.

Nevertheless, the whole system built around the key product and the extent of product development were only confirmed by Srinivasan himself:

“Our team… has not only built a chip, but a complete chain of technologies around the chip. This also includes reference devices, data sheets, cloud backends and software protocols.”

As with 21 Inc’s recent announcements, no precise details were given about the company’s schedules or developments.

Srinivasan also announced a change in leadership: He announced that former CEO Matt Pauker would take over the board, but did not provide details of the change. IT giant Cisco and former ARM CSO Mark Templeteon were also named as investors, but there were no details about a possible upcoming financing round either.

In a mailing, 21 Inc is said to have informed various developers about the development kit of the “BitShare” mining chip. Registrations for the Dev-Kit are now accepted on the company’s website, but exact details about the delivery are also sought in vain.

Generate added value

As in the previous public statements, Srinivasan resisted speculative use cases from Bitcoin and describes how 21 Inc aims to generate added value for Bitcoin small amounts through a precisely defined area of application.

The most important are the operators of large data centers who can benefit greatly from the integration of BitShare chips. 21 Inc has already held discussions with AMD, Comcast and Intel on the integration of the chips.

“This means that any chip that performs a day-to-day function, such as equipping a graphics card chip with a BitShare chip, can generate a constant income with an intact power and Internet connection,” said Srinivasan.

Srinivasan firmly believes that companies of all sizes can save costs with the 21 Inc BitShare chips.

In addition to large companies, 21 Inc also wants to focus on individual consumers and encourage them to join the Bitcoin network.

As can be seen in the 2014 company overview, 21 Inc wants to unite large companies and individual consumers in a huge mining pool and thus significantly increase the mining power and thus the income of each individual.

In addition to the everyday use cases for the BitShare chip, Srinivasan emphasized the integration into mobile phones, which will benefit users in developing countries in particular. The Bitcoin balance created by mobile phones could be used for online payments at the point where credit cards are normally requested. Most people in developing countries usually don’t have an account or credit card.

In addition, the successful iPhone subsidy model could also be transferred to 21 Inc technology. Users could, for example, purchase the latest models more cheaply if, in return and over a longer period of time, they prospect for Bitcoin shares and use them to offset the difference. The telephone is quasi self-financing – at least in part.