By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency Bitcoin, the tech community is now finding other potential uses for the technology. NTSA’s new service running on a shared BT platform will link various State agencies from the Kenya Revenue Authority and Kenya Police promptly alerting security officers about a vehicle’s insurance and inspection status as well as ownership. “Essentially blockchain platform payments and crypto currencies are being mainstreamed and that is why we have been seeing the material share price appreciation of leading blockchain platform provider Bitcoin,” he said. With BT currency, no world currency is dominant and its operations are dictated by market forces and not whims of any regulatory regime.

Source: Daily Nation September 12, 2017 08:26 UTC