Kenyan Gov’t to Use Blockchain in New Affordable Housing Project
Cointelegraph
Published Oct 15, 2018 08:09PM ET
Updated Oct 15, 2018 08:20PM ET
Kenyan Gov’t to Use Blockchain in New Affordable Housing Project
Kenya’s government plans to deploy blockchain technology to manage a government housing project of 500,000 units, Kenyan news outlet the Star reported Oct. 15.
Within the affordable housing program the government of Kenya reportedly aims to build 500,000 units by 2022, and assist contributors earning less than 100,000 Kenyan Shillings ($992) as they cannot afford mortgages. According to the Star, out of the 2.48 million Kenyans employed in 2016 only 77,000, or 3.1 percent, earned over Sh100,000.
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Written By: Cointelegraph
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