Blockchain microfinance system for Kenyan food vendors to launch soon

The East African community is said to be doing great when it comes to the implementation of blockchain technology. As a result, IBM has decided to develop a blockchain microfinance system for Kenyan food vendors. This would enhance the vending system in the country and ease the operations tracking sales-targets, credit system, and microfinance services for new vendors. This will be covered by Hyperledger Fabric, which will take care of the financial processes. Popular crypto exchange Binance and mobile money service providers like Airtel will also be contributing and investing in Kenya. Countries like Rwanda and Uganda have invested heavily