From smart insurance to on-chain document verification: Here’s how NEAR aims to improve Kenya

Share This Post

NEAR Foundation backs Kenya-based blockchain community Sankore to educate and train blockchain developers and analysts to support the growth of local projects.

Kenya-based blockchain community Sankore has partnered with Swiss nonprofit NEAR Foundation to launch a regional hub that aims to develop talent within the region and build projects that aim to improve the local ecosystem. 

Sankore supports projects like Kilimo Shwari, which is a blockchain-based insurance program that helps farmers deal with natural disasters. Apart from this, the firm also supports Ledja, a project which focuses on combating fraudulent documentation within Africa by using NEAR Protocol for document verification.

The partnership will further these initiatives by developing talent within the region through its workshops. Kevin Imani, the founder of Sankore, said that they are “thrilled to be working with NEAR to educate and nurture talented individuals” and support their journeys to become blockchain developers.

Sankore also runs meetups, where they educate younger Kenyans about Web3. This will also also be supported by the partnership with NEAR. As the hub becomes formalized, its educational arm has also already tied up with local universities and currently has 84 students and six graduates who were certified as developers through NEAR workshops.

Marieke Flament, CEO of NEAR Foundation, said that they are also “excited by the potential avenues throughout Africa for blockchain solutions.” Flament mentioned that the partnership gives the firm an opportunity to find and partner with talents within the region.

Related: On Freedom Day, Bitcoin gives South Africans a stake in their financial future

Back in February, the Central Bank of Kenya (CBK) sought the input of the public on the development of a central bank digital currency (CBDC). They published a discussion paper that aims to get input on potential pros and cons and regulatory challenges surrounding the introduction of a CBDC in Kenya.

In other parts of Africa, blockchain and crypto adoption have made progress. In April, the Central African Republic (CAR) adopted Bitcoin as a legal tender. This means that the citizens of the CAR can use Bitcoin (BTC) for their transactions in addition to the Central African CFA franc.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Farm, Craft, and Thrive in My Neighbor Alice

Follow Regina in her journey down the rabbit hole that is My Neighbor Alice Will she find a wonderful land, or will it be a bore Read on to find out Last episode’s quick recap I’m still

Vitalik Buterin lays down roadmap to minimize centralization risk in Ethereum POS design

Ethereum co-founder Vitalik Buterin believes that the centralization of proof-of-stake (POS) poses a significant threat to Ethereum POS centralization is where large stakers dominate and small

Dogecoin Breaks Above $0.12 Level – Time For DOGE To Catch Up?

Dogecoin (DOGE) has finally broken through the crucial $012 resistance level, marking a significant milestone as it surges to catch up with the broader crypto market rally After weeks of struggling

Bitcoin’s Market Dominance Soars To 3-Year High – Is This The End Of Altcoin Season?

Bitcoin and many other cryptocurrencies have been on significant price increases in the past few weeks Bitcoin, in particular, has been inching close to its all-time high, and the recent break above

Bitcoin ETF Holdings Push Steadily Toward the 1 Million BTC Threshold

Following Friday’s spot bitcoin exchange-traded fund (ETF) activity, the numbers reveal that the 12 ETFs are on the brink of reaching the impressive milestone of 1 million bitcoins As of this

Julian Assange thinks blockchain has a higher purpose than Bitcoin

The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain Although Julian Assange was released from prison in June, his first appearance did not happen until the beginning of the