26th-Oct-2025 • Martin Mwangi • Blockchain and Web3
Small and Medium Enterprises (SMEs) in Kenya are at the cusp of a technological revolution. This revolution isn't limited to traditional digital platforms, but extends to emerging technologies like Blockchain and Web3. These innovative tools have the potential to transform your SME's operations, making them more secure, efficient, and competitive.
But what exactly are Blockchain and Web3, and how can they benefit SMEs in Kenya? Let's delve into it.
Blockchain is a decentralized digital ledger that records transactions across many computers. Its most famous application is cryptocurrencies like Bitcoin, but its potential goes far beyond that. For SMEs, Blockchain can offer increased transparency, security, and efficiency in various business processes.
Web3, also known as the decentralized web, is the evolution of the internet where users have control over their data. It leverages Blockchain technology to create a more open, accessible, and trustworthy digital environment.
Consider the example of supply chain management. Traditionally, SMEs in Kenya face challenges due to intermediaries, lack of transparency, and slow payment processes. Blockchain and Web3 can address these issues by creating a secure, transparent, and efficient digital network for all parties involved.
For instance, Ethereum's enterprise-focused platform, Enterprise Ethereum Alliance (EEA), is already being used by companies like IBM to streamline supply chain operations. Similarly, VeChain, a Blockchain-based platform, is helping Chinese SMEs enhance their supply chain management and product traceability.
As more businesses in Kenya embrace digital transformation, the benefits of Blockchain and Web3 will become increasingly apparent. To stay competitive, it's crucial for SMEs to start exploring these technologies and understanding how they can be leveraged to streamline operations, improve security, and enhance customer trust.
Embrace the future of business technology. Start exploring Blockchain and Web3 today, and watch your SME thrive in Kenya's digital landscape.