Blockchain roots deepen in Kenya

Bitcoin. Adoption of blockchain technology is changing how people carry out business today. FILE PHOTO | NMG

What you need to know:

  • Bitcoin has been called digital gold and for a good reason.
  • To date, the total value of the currency is close to $9 billion US.
  • NTSA’s new service running on a shared BT platform will link various State agencies from the Kenya Revenue Authority and Kenya Police promptly alerting security officers about a vehicle’s insurance and inspection status as well as ownership.
  • Kenya’s public health sector is installing a smart platform in all 98 public hospitals creating a shared BT hub were crucial data such as a patient’s history, hospital management and use of public resources will be monitored from the cloud-based database.

Blockchain Technology (BT) use is gaining momentum in Kenyan private and public sphere spanning security, transport, health, insurance and motor vehicle sectors.

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