Sunday, June 4, 2023

NEAR Foundation Aims To Improve Kenya And Here’s How

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The NEAR Foundation aims to improve Kenya as it backed the blockchain community Sankore to educate developers and analysts and support the growth of the local projects so let’s read more today in our latest cryptocurrency news.

The Kenya-based blockchain community Snakore partnered with NEAR Foundation to launch a hub that aims to develop talent within the region and build projects that aim to improve the local ecosystem. Sankore supports many projects like the blockchain-based insurance program Kilimo Shwari which helps farmers deal with natural disasters apart from this, the company supports Ledja which is another project that focuses on combating fraudulent documentation in Africa by using NEAR for document verification.

The partnership will further the initiatives by developing talent in the region through its workshops. The founder of Sankore, Kevin Imani said that they are happy to be working with NEAR and educate and to nurture the individuals and support their journey to become a blockchain developer. The NEAR foundation aims to improve the blockchain industry in Kenya. Sankore runs meetups where they educate the younger Kenyans about Web3 which will also be supported by the partnership with NEAR. The hub became formalized its education arm also tied up with the local universities and now has about 84 students and six graduates that were certified as developers through NEAR workshops.

Kenya Starts Exploring, cbdc, central bank, currency

The CEO of NEAR Foundation, Marieke Flament said that they are excited by the potential avenues in Africa for blockchain solutions. Flament noted that the partnership gives the company an opportunity to find and partner with talents in the region. Back in February, the Central Bank of Kenya looked at the input of the public on the development of the central bank’s digital currency and they published a discussion paper that aims to get input on the pros and cons and the regulatory challenges around the introduction of a CBDC in Kenya.

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

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