29th-Oct-2025 • Faith Chebet • Blockchain and Web3
Small and Medium Enterprises (SMEs) in Kenya are constantly seeking innovative solutions to streamline operations, enhance security, and boost profitability. One such revolutionary technology is Blockchain and Web3, which has the potential to transform various sectors across Africa.
Blockchain is a decentralized, digital ledger that records transactions securely and transparently. It offers several advantages, including improved data security, enhanced traceability, and reduced intermediaries. On the other hand, Web3, often referred to as the 'next generation' of the internet, leverages Blockchain technology to provide a more decentralized, user-centric web experience.
Let's explore how these technologies can benefit SMEs in Kenya:
Blockchain technology offers robust security features, making it ideal for handling sensitive business transactions. By using a decentralized system, the risk of a single point of failure is significantly reduced. This can help SMEs protect their assets from cyber threats and fraudulent activities.
Blockchain can streamline supply chain management by providing real-time tracking, ensuring transparency, and reducing the need for manual record keeping. For instance, a Kenyan agribusiness could use Blockchain to monitor the origin of its produce, ensuring it meets quality standards and is ethically sourced.
Cross-border transactions can be costly and time-consuming for SMEs. Web3 platforms like Lipabiz Technologies Ltd offer Blockchain-based solutions, enabling faster, cheaper, and more secure international payments.
Web3 allows SMEs to provide decentralized services directly to customers, eliminating the need for intermediaries. This can lead to cost savings and improved customer trust, as transactions are transparent and secure.