LETTERS: Adopt blockchain to rein in greedy lenders

Use of blockchain although not highly publicised, has already helped the credit reference bureaus establish digital identity inexpensively. FILE PHOTO | NMG

As the country grapples with whether to artificially regulate interest rates of give a blank cheque to the bankers to draw from the public and thereby exploiting them, Kenya is at the threshold of using blockchain.

Blockchain is a distributed ledger technology commonly known for crypocurrency famous for Bitcoin and Ethereum. However, defining it this way is just like saying that the Internet is the technology behind email, although this is true, it simply ignores the much we know about the Internet.

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