Islamic Financial System - insurtech vs fintech

  Kenya has been an early adopter of blockchain technology in Africa, with a vibrant blockchain ecosystem that is rapidly growing. Here is a brief timeline of the key events and developments in the history of blockchain in Kenya:   2015: BitPesa, a blockchain-based payments platform, is launched in Kenya, enabling cross-border payments between Kenya and other African countries.   2016: The Kenyan government establishes a blockchain task force to explore the potential of blockchain technology to address various issues, including land registry, identity management, and supply chain management.   2017: The Blockchain Association of Kenya (BAK) is founded to promote the adoption and development of blockchain technology in Kenya.   2018: The Kenyan government partners with IBM to develop a blockchain-based platform for managing the country's land registry.   2019: The Central Bank of Kenya issues guidelines for the regulation of virtual cur...

Blockchain technology  is part of financial technology, abbreviation of FinTech / fintech . if same this financial tech applied in insurance sector then called InsurTech . Blockchain is a hot topic nowadays especially due to introduction of cryptocurrencies in financial market.  What is  Blockchain  Financial  Technology? Blockchain fintechnology name is kept due to data stored in form of blocks which are interconnected with each other that makes a long chain. This long chain makes difficult to change data in one block due to interconnected chain of blocks. If one change is brought in one block then all changes have to be incorporated in other blocks which is very tedious task.  This immutable feature of this technology makes data hard to change leading to transparent data.  This blockchain technology firstly introduced for transactions purpose as it connects all nodes in a network who can makes transactions directly without middleman and transacti...