Potential Uses of Blockchain in Government Institutions and Parastatals in Kenya
1.Moving state archival records to an open distributed ledger
2.The second allows any private company that incorporates in that state to keep track of all the equity issued and the different shareholder rights on the blockchain.
3.The Kenyan government could develop a system,based on blockchain technology, with the local banks that focuses on preventing invoice fraud by having the blockchain create a unique cryptographic hash (a unique fingerprint) of every invoice. The banks share then, this unique key, rather than the raw data. If another bank tries to register an invoice with the same details, the system will be alerted.
4.The Government could establish an e-residency program, where anyone in the world could apply to become an e-resident of Kenya, and they get a digital ID card with a cryptographic key to securely sign digital documents, eliminating the need for ink signatures on official paperwork. An e-resident can also open bank accounts using Kenya’s e-banking system, set up a Kenyan company using the country’s online system, and use their e-services. With the blockchain,Kenya can bring worldwide residents to them virtually, and increase its government revenues accordingly.
5.A healthcare initiative by Govt where medical records are tracked, and as a patient, you know who looked at your record and when, so you are in control of your own data, and you have transparency about the medical care you are getting.
6.The Central Securities Depositories of Kenya and The capital markets authority can look at implementing the blockchain to allow the various stakeholder entities to more directly transact
7.The Ministry of lands can develop a lands registry system based on blockchain technology to enable tamper-resistant property ownerships.
8.Real estate transactions could be placed on an application based on the blockchain.Once a buyer and seller agree on a deal and a contract is made. From there, all parties involved in the transactions — banks, government, brokers, buyers, and sellers — are able to track the progress of the agreement once it is completed, enabling instantaneous confirmation of valid transactions with the utmost levels of security and integrity.
Note: it is a lot easier to implement solutions at smaller scales first, in jurisdictions that have between 5 to 300,000 citizens, instead of larger cities of more than a million inhabitants i.e Towns and Counties