Venom To Launch A Blockchain Hub With Kenyan Government

On May 10, 2023

The globally esteemed Venom Foundation, in a groundbreaking move, is extending its reach into Africa.

Kenyan Government Chooses Venom

In an innovative partnership with the Kenyan government, the foundation plans to launch an unprecedented “blockchain hub” right in the heart of the continent. This initiative underscores the commitment to harness the transformative potential of Web3 and blockchain technologies, poised to revolutionize sectors such as financial infrastructure, supply chain, agriculture, SMEs, and cross-border trade. This wave of innovation is set to benefit Kenya and the entire African region.

In Kenya, where over 84% of the population already has access to financial services, the introduction of blockchain infrastructure promises to unlock a new world of opportunities. This partnership aims to merge traditional financial and trade mechanisms with the Web3 world, thereby stimulating economic growth, strengthening the domestic economy, and facilitating the expansion of international trade.

The Future of Crypto in Africa

The venture signifies Africa’s progressive approach towards embracing disruptive technologies. The blockchain hub will act as a vibrant epicenter for innovative partnerships, encouraging collaboration and knowledge sharing among tech entrepreneurs, government officials, and industry innovators.

Venom Foundation’s CTO, Christopher Louis Tsu, hailed this partnership as a significant step forward. He noted, “With Africa’s vast natural resources and human talent, this technological revolution is perfectly timed. By bringing cutting-edge blockchain technology, we aim to empower Africans to fully capitalize on their assets and compete globally.”

Echoing Tsu’s sentiments, Kenya’s Cabinet Secretary for Investments, Trade and Industry, Moses Kuria, expressed his enthusiasm for the collaboration. Highlighting Kenya’s commitment to embracing technological and financial advancements, he said, “This collaboration is a testament to our commitment towards next-generation technology. We believe that the establishment of this blockchain hub will catalyze further innovations in various industries, benefiting our people both nationally and globally.”

This partnership with @VenomFoundation through @venomafrica signifies Kenya’s stance towards next-gen technology, financial and technological developments, and will catalyze further innovations in various industries, benefitting people both nationally and globally.
— CS Moses Kuria (@HonMoses_Kuria) May 9, 2023

Operating under the jurisdiction of the Abu Dhabi Global Market (ADGM), Venom is the world’s first compliant blockchain, offering unparalleled opportunities for authorities and enterprises to innovate, build, and scale. Equipped with dynamic sharding capabilities, low fees, and ultra-fast transaction speeds, Venom is paving the way to become the backbone of the global Web3 ecosystem. As such, the partnership with Kenya is a significant stride in a transformative journey that’s set to change the face of global blockchain technology.