House Speaker Rafael Hernandez confirmed that lawmakers plan to meet with local blockchain experts to create smart contracts that aim to bring more transparency and accountability to the sector.
Integrating blockchain technology can help Kenya save billions of dollars lost each year to corruption, according to the United Nation.
The report represents blockchain as a digital instrument to fight political corruption which has eaten deep into many administrations.
Blockchain has a key role to play in improving governance, and in preventing corruption in a range of public administration settings.
Concerns about illegitimate use are unfounded because Bitcoin is “a system that will utterly destroy crime,” according to Dr. Craig Wright.