Land Banking in Kenya through Blockchain at Infantry but Taking Shape

The blockchain technology is still at the infantry stage in Kenya but has started taking shape with the drive from the government through the Ministry of ICT.

Although the use and integration of blockchain in investments and other service delivery processes have been widely embraced around the world, Kenya has been slow in implementing the same.

The coming and use of cryptocurrency have been widely blamed as the reason why the country has been slow in taking up blockchain especially in the banking sector.

There is, however, a group of young entrepreneurs in Kenya who have incorporated the use of blockchain to invest in land in Kenya, a concept that is now being embraced across the board.

The concept of land banking is also still new to most Kenyans despite the fact that it is a common practice across the world.

Land is one of the most lucrative commodities in Kenya with prices especially in major urban centers has skyrocketed through the window.

In Nairobi, for instance, it has been said that the price of land is more than that of gold and it is the only sector that investors rarely make any losses.

Land Layby Kenya Limited is the company that has decided to take the path less traveled of helping investors with investing in land, waiting for its price to increase then sell it at amazing profits.

“Buying land on the outskirts of a big city and waiting until residential developers make it appreciate in value is a common practice worldwide,” said a representative of Land LayBy.

According to the company, the strategy of buying land and waiting for the prices to escalate requires a lot of patience and knowledge because the requirements in terms of capital are huge.

In most cases, individuals who invest in land banking are often those with huge amounts of money. Layby has moved to demystify this myth by making it possible for small-scale developers to bank into land too.

“Land Layby Kenya Ltd determines product prices, identifies potential land banking opportunities ensuring that these investments have a potential to offer sound returns to our clients. We know and understand several factors influence land value dynamics. Knowledge of the intended location of the investment and understanding of land value curve performance of this region is vital to maintaining this intricate balance – running a successful business model with a whole lot of happy and fulfilled customer,” said a representative from Land Layby.

Through Layby, individuals are assured of owning a piece of land by depositing as little as 10,000 shillings.