The Venom Foundation has announced a strategic partnership with the Government of Kenya. Its objective is to set up a “blockchain hub” in Africa. It will focus on the development of Web 3.0 and blockchain technology applications.
A collaboration for revolutionary Web3 technologies in Africa
Several sectors in Africa will benefit from the innovation that this partnership should bring. According to DailyHodlsectors such as supply chain, financial infrastructure, international trade, agriculture and SMEs will be the first to benefit from this collaboration.
Finance will be one of the most impacted sectors. Currently, more than 84% of the Kenyan population has access to financial services through banks and FinTech. With the arrival of Blockchain, the percentage of the population that will have access to financial services will increase. Thus, the people of Kenya and other African countries will have access to more business opportunities.
With this new partnership, first Kenya and then Africa demonstrates that it does not intend to lag behind in the adoption of Web 3.0 and blockchain technologies.
The new Blockchain hub will offer a central platform to forge partnerships with innovative companies. It will also allow the networking and collaboration among key stakeholders in the Blockchain space. Venom will provide solutions such as land registry, voting systems, asset tokenization, and more.
A satisfying partnership for Venom and Kenya
Venom Foundation and Kenya seem to have found each other. With this partnership, a new era is dawning for Africa. Indeed, Christopher Louis Tsu, CTO of Venom Foundation, said:
” Africa is already rich in natural resources and human capital. By bringing next-generation blockchain technology to the continent, it will empower people and not only help Kenya. But many other African countries to capitalize on their strengths and participate competitively in new global markets. »
For its part, the Kenyan government, through the voice of Moses Kuria, Cabinet Secretary for Investments, Trade and Industry, declares:
” We are thrilled to work with the Venom Foundation. This collaboration signifies the stance we take towards next-generation technology and financial and technological developments around the world. »
The Venom Foundation specializes in accelerating Web3 adoption. Indeed, the company is placed under the jurisdiction of Abu Dhabi and is one of the best in Blockchain integration. Will its solutions improve living conditions in Africa?
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