Block chain technology is rooted in Kenya

nnnWhen the runaway is worthy of being digital gold, and the underlying technology of this digital currency is gradually being understood and more attention, the technology community is also looking for other potential applications of this technology. At present in Kenya, the development of block chain technology in private and public areas is irresistible. This article describes the progress made by the technology in the country from the aspects of transportation, health care, safety, insurance and finance, and introduces some obstacles to the technology. In general, block-chain technology has been deeply rooted in this country and has been widely recognized.n
nnTranslation: Clovern
nIn Kenya’s private and public sector, the use of block-chain technology (BT) is developing rapidly, covering the safety, transportation, medical, insurance and automotive industries.n
nThe block chain is an unbreakable digital classified book of economic transactions that can be programmed to record not only financial transactions but also record almost everything with value.n
nThis is a clever invention – the crystallization of the idea of ​​someone or a group of people who are known by the pseudonym “Satoshi Nakamoto”.n
nThe block-chain technology enables digital information to be distributed but can not be replicated, thus forming a pillar of the new Internet. Initially this technique was designed for digital currency bitcoin, and now the technology community is looking for other potential use cases for this technology.n
nBitcoin is called digital gold, and this is well deserved. So far, the total value of the currency is close to $ 9 billion. And the block chain can also achieve other types of digital value. It is like the Internet (or your car), you do not need to know how the block chain works.n
nThis technology has revolutionized the way the transport service is available and can be used to determine the charges before the start of the itinerary, so that the mature taxi operators are squeezed out of the competition.n
nThe National Transportation Security Administration (NTSA) said Kenya will have an electronic vehicle identification service within a month, and all vehicles will have an electronic sticker on their windshields and can be tested with special parts, Thus helping to completely remove the Kenny’s old cars on the road and retrieve the stolen vehicles.n
nNTSA’s new service on the shared-block technology platform will link to a number of national institutions, including the Kenya Taxation Authority and the Kenya Police Service, and inform the security personnel of the insurance and inspection status and ownership of the vehicle in a timely manner.n
nKenya’s public health department is also installing intelligent platforms in all 98 public hospitals, creating a shared block chain technology center, and monitoring critical data such as patient history, hospital management and the use of public resources from cloud-based databases.n
nToyota Shusho and Seven Seas Technologies in Kenya are also working on a modernization program that eliminates the need for doctors to re-write medical records each time a patient visits a different hospital.n
nIt will also facilitate the establishment of a medical professional center, the online platform to handle shared services, and nurses in a distant medical institution can obtain advice from other local doctors to determine the patient’s treatment plan.n
nSpecialist services (such as X-ray diagnostic issues) will also be provided through a central location and save money by setting up multiple offices in Kenya. Radiologists with medical orthopedic expertise can use them to send them via e-mail Medical imaging techniques to diagnose and remotely treat diseases and injuries.n
nThe block chain technology medical portal will also conduct a detailed review of the doctor’s medical records, which will help reduce the incidence of misdiagnosis.n
nIn terms of security, the government will soon associate the National Bureau of Personnel database with the Kenyan police cable closed-circuit television cameras installed in Nairobi and Mombasa to achieve real-time face recognition through block-chain technology.n
nHowever, in the financial sector, the technology has encountered a conflict, regulators mentioned for the technology may be used for money laundering, and cyber fraudsters use this technology for theft concerns.n
nPatrick Njoroge, the country’s central bank governor, said Bitcoin’s activity was in an unregulated system that would expose Kenyan residents to the risk of cybercrime and refused to accept digital money.n
nFinancial market adviser Ally-Khan Satchu, in an interview with reporters, called on the Kenyan government to reconsider its attitude towards the digital payment platform and block chain use cases, and said that the technology as a means of transfer of funds can not be ignored.n
nHe said:n
nn”In essence, the block chain platform payment and encryption money are gradually becoming mainstream, and this is why we see the price of the main chain chain platform provider bitcoin rises sharply.”n
nnMr. Satchu, head of Rich Management Services, said Kenyan citizens need to understand how digital payments can help them get involved in block chain investments.n
n”Kenya’s investors have undoubtedly have internalized the experience of encrypted money, and I think we need to reexamine our regulatory position and look for a way to reach the curve position that is commensurate with our mobile currency leadership,” he said. Before the lead. “n
nIn terms of insurance, America Insurance Group (AIG) launched a global block chain technology pilot project, the joint banking group StanChat, runs a simulated insurance product, and through the unified platform to deal with its Kenya, Singapore and the United States insured Human needs, linking AIG and StanChat to agents and financial institutions in real time.n
nThis will ensure payment on time and automatically update the policy after payment of premiums. The project supporters say the process will help reduce the cost of the company while eliminating the need to open a physical store in individual countries.n
nThe four-year-old Kenya block-chain technology company, BitPesa, has so far raised $ 1 billion shilling to support its expansion plans in Africa, Europe and the Middle East, and said that the chain chain payments were paid by multinational companies And the local subsidiaries of the highly favored to help them save through the local banks to the multinational bank remittance and customers to charge a lot of transfer costs.n
nThe existence of block-chain currencies makes the world’s currency no longer dominant, and its operation will also be determined by market forces, and does not depend on the whim of any regulatory system.n
nThe leading financial sector chain technology companies dealing with digital cash include Bitcoin, Ruibo and Ethernet.n
nSupplementary reportsn
nThe block chain database is not stored with any single location, which means that its saved records are truly public and easy to verify. This information does not have any centralized storage patterns, so that hackers can not destroy these records. The data is stored by millions of computers at the same time, and anyone on the Internet can access the data.n

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