Venom Foundation has announced a strategic partnership with the Government of Kenya through Venom Africa, with the aim of establishing a “blockchain hub” in Africa that focuses on the development of Web3 and blockchain technology applications.
This partnership will drive innovation in key sectors like financial infrastructure, supply chain, agriculture, SMEs, and cross-border trade, in Kenya and the entire African continent.
Through the implementation of blockchain infrastructure, Venom Foundation is seeking to endow African communities and create a bridge between traditional finance and trade with the web3 world, while also stimulating regional economic growth by enabling seamless cross-border trade and transactions.
The blockchain hub will be a central platform for building partnerships with innovative companies in Africa, and Venom will supply crucial resources and tools to support African countries in developing a solid foundation for digital transformation.
By advocating for the adoption of blockchain technology, the population in Kenya and the entire African continent will benefit from minimized transaction costs, enhanced security and transparency, increased access to financial services, expedited settlement times for cross-border transactions, and creation of new investment opportunities through asset tokenization.