Blockchain Technology Boosts Kenya’s Affordable Housing
Dear Listers The affordable housing project in Kenya, started by the previous Uhuru administration and accelerated by the current President Ruto’s administration, is a good initiative to fix the broken housing market. However, there is a trust deficit between citizens and government administrations. Mr John Walubengo says to solve that: "Blockchain technology can help by tokenizing housing assets, making them widely available for purchase and allowing investors to own a fraction of the house. This unlocks new funding streams and increases transparency." Do you agree? https://www.kictanet.or.ke/kenyas-affordable-housing-great-idea-poor-executi... -- *Kind Regards,* *David Indeje* *KICTANet Communications *_____________________________________ +254 (0) 711 385 945 | +254 (0) 734 024 856 KICTANet portals KICTANet.or.ke <https://kictanet.or.ke/> | Twitter <https://twitter.com/kictanet> | LinkedIn <https://www.linkedin.com/company/18428106/admin/> | Facebook <https://www.facebook.com/KICTANet/>
Amazing insights from Mr Walubengo However, my question relates to the tokenisation concept, does it solve the mischief of ownership where low income earners actually own their own homes and are relieved from paying rent, to perhaps re-focus their income on other economic activities? In essence, as per my understanding, the people who can buy the fractions of the units will be the actual owners and just renting it out to the low income earners, further perpetuating the living on a monthly by rent basis. Because it seems that the only difference will be that instead of dealing with one landlord, they will be dealing with a litany of "shareholder-landlords". What is the impact of that on the mental security of the people who rent the apartments? I understand that you are speaking to a particular audience, just wondering whether that particular conversation will affect the wider conversation and the mischief behind the projects. Tenderpreneurship aside offcourse :) On Wed, 19 Jul 2023, 09:29 David Indeje via KICTANet, < kictanet@lists.kictanet.or.ke> wrote:
Dear Listers
The affordable housing project in Kenya, started by the previous Uhuru administration and accelerated by the current President Ruto’s administration, is a good initiative to fix the broken housing market.
However, there is a trust deficit between citizens and government administrations.
Mr John Walubengo says to solve that: "Blockchain technology can help by tokenizing housing assets, making them widely available for purchase and allowing investors to own a fraction of the house. This unlocks new funding streams and increases transparency."
Do you agree? https://www.kictanet.or.ke/kenyas-affordable-housing-great-idea-poor-executi...
-- *Kind Regards,*
*David Indeje*
*KICTANet Communications *_____________________________________ +254 (0) 711 385 945 | +254 (0) 734 024 856 KICTANet portals KICTANet.or.ke <https://kictanet.or.ke/> | Twitter <https://twitter.com/kictanet> | LinkedIn <https://www.linkedin.com/company/18428106/admin/> | Facebook <https://www.facebook.com/KICTANet/> _______________________________________________ KICTANet mailing list -- kictanet@lists.kictanet.or.ke To unsubscribe send an email to kictanet-leave@lists.kictanet.or.ke Unsubscribe or change your options at: https://mm3-lists.kictanet.or.ke/mm/lists/kictanet.lists.kictanet.or.ke/
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I agree with this concept Such projects are called Real World Assets tokenization potocols in Web3 More explanation here - https://coinmarketcap.com/alexandria/article/what-are-real-world-asset-backe... On Wed, Jul 19, 2023, 09:18 David Indeje via KICTANet < kictanet@lists.kictanet.or.ke> wrote:
Dear Listers
The affordable housing project in Kenya, started by the previous Uhuru administration and accelerated by the current President Ruto’s administration, is a good initiative to fix the broken housing market.
However, there is a trust deficit between citizens and government administrations.
Mr John Walubengo says to solve that: "Blockchain technology can help by tokenizing housing assets, making them widely available for purchase and allowing investors to own a fraction of the house. This unlocks new funding streams and increases transparency."
Do you agree? https://www.kictanet.or.ke/kenyas-affordable-housing-great-idea-poor-executi...
-- *Kind Regards,*
*David Indeje*
*KICTANet Communications *_____________________________________ +254 (0) 711 385 945 | +254 (0) 734 024 856 KICTANet portals KICTANet.or.ke <https://kictanet.or.ke/> | Twitter <https://twitter.com/kictanet> | LinkedIn <https://www.linkedin.com/company/18428106/admin/> | Facebook <https://www.facebook.com/KICTANet/> _______________________________________________ KICTANet mailing list -- kictanet@lists.kictanet.or.ke To unsubscribe send an email to kictanet-leave@lists.kictanet.or.ke Unsubscribe or change your options at: https://mm3-lists.kictanet.or.ke/mm/lists/kictanet.lists.kictanet.or.ke/
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KICTANet is a multi-stakeholder Think Tank for people and institutions interested and involved in ICT policy and regulation. KICTANet is a catalyst for reform in the Information and Communication Technology sector. Its work is guided by four pillars of Policy Advocacy, Capacity Building, Research, and Stakeholder Engagement.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
KICTANet - The Power of Communities, is Kenya's premier ICT policy engagement platform.
participants (3)
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Alice kinuthia
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David Indeje
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Kukubo Masibo