It has been reported that the new venture aims to promote blockchain and artificial intelligence (AI) education, as they also hope to provide Kenyans with more work opportunities.
The project will be handled by Akon’s philanthropic arm, the Akon Foundation.
As per the report, the Kenyan Opportunity Hub will be the first African blockchain hub in a series of Akon-Effect Opportunity Hubs. At these hubs, people will be able to access AI and blockchain-related education as well as online work paid in cryptocurrency on Effect.AI’s blockchain platform.
Akon plans to launch a blockchain hub in Kenya in partnership with EOSIO-powered project https://t.co/QXpFSXLPIg https://t.co/btXj8gMdGx — Cointelegraph (@Cointelegraph) July 6, 2020
Likewise, the hub is likely to be located near Mwale Medical and Technology City, a project run by United States engineering firm, KE International. By building the hub close to Mwale, the creators intend to unlock more work opportunities like tech-powered medical record translation.
The report stated that the Kenyan Opportunity Hub will benefit from the experience of a similar Effect.AI’s hub that is already operating in Rustavi, Georgia.
As launched in partnership with the United Nations Development Program in 2019, the initiative seeks to boost industry job opportunities and promote tech knowledge. Headquartered in the Netherlands, the Effect.AI project is a decentralized AI network operating on the EOS blockchain.
It has been analyzed that Akon’s ambitious plans on pushing mass adoption of blockchain technology in Africa are part of his long-running African “crypto revolution.”
Alongside plans to build crypto cities and hubs in Africa, Akon is also planning to issue his own cryptocurrency to enable the tokenized trading of mobile phone credits, which are used as a currency in Africa.
Moreover, the upcoming token Akoin is planned to be issued on the Stellar blockchain.
Thus, the utility token will power “atomic swaps” between crypto, fiat, and mobile phone credits on the Akoin network.