8th-Dec-2025 • Reddington Onyango • Blockchain and Web3
Welcome to the era of digital transformation! As a small business owner in Kenya, you might wonder, 'What's all the fuss about blockchain and Web3?' Let's dive into understanding these innovative technologies that could revolutionize your business.
Blockchain is a decentralized, secure, and transparent digital ledger. It records transactions across multiple computers, making it nearly impossible to alter data without being detected. This technology has the potential to streamline operations, enhance security, and reduce costs for small businesses in Kenya and beyond.
One of the most popular applications of blockchain is cryptocurrency, such as Bitcoin. However, its uses extend far beyond digital currencies. For instance, supply chain management can benefit significantly from blockchain's transparency. By using smart contracts on a blockchain network, businesses can automate tasks like order processing and payment confirmation, reducing errors and increasing efficiency.
Web3, also known as the decentralized web, is the next evolution of the internet that aims to restore control to individual users by leveraging blockchain technology. With Web3, small businesses can build decentralized applications (DApps) to create unique user experiences and services without relying on intermediaries like Google or Apple.
According to a recent report by PwC, over 80% of Kenyan businesses are small or medium-sized enterprises (SMEs). Yet, many SMEs in Kenya still rely on outdated processes and technologies that hinder growth. Integrating blockchain and Web3 could help these SMEs gain a competitive edge by increasing operational efficiency, reducing costs, and expanding market reach.