Kenya blockchain taskforce

These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend. But Kenya softened its stance last week, and announced that the government is setting up an member task force that will study the benefits and challenges associated with blockchain technologies. The directive came days after president Uhuru Kenyatta said the nation needed to explore the opportunities in the new technology, especially in sectors such as land, where creating foolproof digital registries could forestall malpractice and parallel ownership.

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Content:

• Kenya’s Blockchain Taskforce Releases DLT Implementation Strategy for Kenya
• Blockchain: A vote for change
• Cryptocurrency & Blockchain Technology
• UNODC Eastern Africa News and Stories
• 5 blockchain use cases in Africa
• Kenya’s Government Task Force to Explore Blockchains for Land and Education
• Kenya is finally softening its stance on blockchain technology
• Kenya is finally softening its stance on blockchain technology
• Taming the Beast: Harnessing Blockchains in Developing Country Governments
• Kenya electoral body to adopt blockchain technology for vote transparency

WATCH RELATED VIDEO: BLOCKCHAIN TASK FORCE SET IN KENYA

Kenya’s Blockchain Taskforce Releases DLT Implementation Strategy for Kenya

View Comments In the ever-changing environment of humanitarian aid few things are constant, there is need for humanitarian organizations to find innovative ways to be efficient and effective in aid delivery while being financially feasible. This is against the background of reduced aid in contrast to increased frequency and impact of disasters.

The target beneficiaries were 2, from Oldonyiro and Sericho Sub Counties in Isiolo County where all the cash transfers were recorded on multichain private Blockchain. The International Federation of the Red Cross and Red Crescent together with the KRCS would like to scale up cash transfer interventions using Blockchain technology as one of the measures and monitoring tools that are being put in place to help streamline Cash Transfer Programming. Blockchain is a digital ledger in which transactions can be undertaken across a network of computers and large sum of data stored.

It has been hailed as transformative and disruptive calling for changes not just in technology but systems too. Blockchain technology offers the advantages of transparency as all parties in a system can see each transaction creating trust and reducing chances of undetected human error.

Furthermore, once the data has been uploaded the cryptography technology makes it very difficult for data to be manipulated without detection. The immutability aspect of Blockchain reduces the risk of deliberate tampering. Scalability in terms of being able to increase information on the chain at any given time. Sustainability can be achieved through the incorporation of various systems that improve the quality of data and while reducing the cost of operations.

These advantages make the Blockchain technology appealing for use within the humanitarian sector. The main objective of the forum was to influence policymakers and provoke discussion around adoption and regulation of Block chain technology by the Government. The forum is also expected to create awareness on the potential possibilities and applicability of Block chain technology in the humanitarian sector while drawing from the experience of stakeholders in various fields. Tel: , Email: info redcross.

Toll Free Hotline: View Comments. Latest News Consulting communities for digital identities for humanitarian cash assistance. Read More. Implementing Forecast-based Financing in disaster management in Kenya.

Blockchain: A vote for change

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy. Kenyan law does not regulate the creation of databases, record keeping or archiving generally. However, blockchain developers will encounter the following regulatory frameworks and accompanying issues. The act regulates the processing of non-anonymised personal data. For a detailed discussion of these challenges, see question 5.

Cryptocurrency & Blockchain Technology

View Comments In the ever-changing environment of humanitarian aid few things are constant, there is need for humanitarian organizations to find innovative ways to be efficient and effective in aid delivery while being financially feasible. This is against the background of reduced aid in contrast to increased frequency and impact of disasters. The target beneficiaries were 2, from Oldonyiro and Sericho Sub Counties in Isiolo County where all the cash transfers were recorded on multichain private Blockchain. The International Federation of the Red Cross and Red Crescent together with the KRCS would like to scale up cash transfer interventions using Blockchain technology as one of the measures and monitoring tools that are being put in place to help streamline Cash Transfer Programming. Blockchain is a digital ledger in which transactions can be undertaken across a network of computers and large sum of data stored. It has been hailed as transformative and disruptive calling for changes not just in technology but systems too. Blockchain technology offers the advantages of transparency as all parties in a system can see each transaction creating trust and reducing chances of undetected human error. Furthermore, once the data has been uploaded the cryptography technology makes it very difficult for data to be manipulated without detection.

UNODC Eastern Africa News and Stories

The report depicts an implementation strategy for the adoption of these two emerging technologies that will steer Kenya to the fourth industrial revolution. Furthermore, the report will guide the government in attaining the Big Four Agenda, which encompasses affordable housing, food security, manufacturing, and healthcare. The Blockchain and AI Taskforce has proposed a digital asset framework that will guide companies wishing to list a cryptocurrency on an exchange. The digital asset framework is meant to help small and medium-sized enterprises that are unable to raise capital through IPOs to have the alternative of using token sales. The taskforce had earlier announced its proposal for a Central Bank Digital Currency CBDC , which would facilitate financial inclusion and low-cost transactions.

5 blockchain use cases in Africa

If you want your kid to get a good job, let them play more. But Kenya softened its stance last week, and announced that the government is setting up an member task force that will study the benefits and challenges associated with blockchain technologies. The directive came days after president Uhuru Kenyatta said the nation needed to explore the opportunities in the new technology, especially in sectors such as land, where creating foolproof digital registries could forestall malpractice and parallel ownership. Kenya might also find ways for blockchain technology to help boost its digital money services. As a global leader in mobile money , creating a framework to help integrate bitcoin trading with M-Pesa will allow millions of people to swap funds and send money home or abroad. That is, of course, if the virtual currency catches on in Kenya.

Kenya’s Government Task Force to Explore Blockchains for Land and Education

What advice would you give to aspiring security leaders? As we now build the cloud-native era of virtualised and abstracted architectures that run from Blockchain is slowly turning from a buzzword in Africa to the engine that will power great innovation in the continent. The movement of blockchain in Africa has transcended the usual cryptocurrency trade and is now being considered by various sector players for application across the continent. In Kenya, the government set up a blockchain and AI taskforce to investigate and apply use cases for government services. Bitange Ndemo, is already eyeing several sectors including education certificate verification, traffic management and financial transactions. In Uganda, the government is already mulling the implementation of blockchain technology in its services.

Kenya is finally softening its stance on blockchain technology

Amid pressing demands to achieve critical sustainable development goals, governments in developing countries face the additional complex task of embracing new digital technologies such as blockchains. This paper develops a framework interlinking development, technology, and government institutions that policymakers and development practitioners could use to address such a conundrum. State capacity and democratic governance are introduced as drivers in the overall analysis.

Kenya is finally softening its stance on blockchain technology

Areas such as public service delivery, cybersecurity, financial services, land titling, the election process, and supply chain, therefore, seem to be the main focus. Underpinning all these are two main issues: a favorable ecosystem that supports innovation and connectivity. The report acknowledges that the existing legal frameworks may not apply and therefore need new regulations that allow the innovation to thrive while ensuring consumer protection. The Mauritius Regulatory Sandbox License RSL is given as an example of how national regulation can accommodate innovative blockchain projects. BanglaPesa : a community currency that has widely been tested in Kenya.

Taming the Beast: Harnessing Blockchains in Developing Country Governments

Blockchain technology simply means the ability to have digital information that cannot be copied but it can be distributed. While it was originally devised for the digital currency, blockchain technology has now morphed beyond the virtual currencies. It is now being tested for use by governments to enhance service delivery while cutting out time spent and fraud. Many governments have, however, been cautiously approaching this new disruptor. Kenya has been a pioneer on the tech front in Africa and it is now looking to ride on the blockchain technology with the government taking the initiating role. Through the ICT ministry, the Kenyan government is exploring and analysing the potential opportunities blockchain technology has.

Kenya electoral body to adopt blockchain technology for vote transparency

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