DLT and AI Task Force Chairman Advises to Tokenize Kenyan Economy

News
Wed, 09/26/2018 - 09:10
Paul Hackley
Kenyan government should tokenize the economy o deal with corruption and financial uncertainty. The move will result in the government ceasing to print hard money
Cover image via U.Today

Kenyan DLT and AI task force chairman, Bitange Ndemo, says the government should tokenize the economy in order to deal with the increased levels of corruption and financial uncertainty.

“We must begin to tokenize the economy by giving incentives to young people to do things which they are paid through tokens that can be converted to Fiat currency,” Ndemo said. According to the chairman, the move will result in the government ceasing to print hard money and should help reduce high unemployment rates.

The task force was established in March to explore the ways in which Blockchain can be used in the Kenyan public sector.  

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Paul Hackley is a journalist and essayist, focusing on blockchain and cryptocurrencies, with a strong interest in the future of the technology.

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy