Rwanda moves to include Blockchain in 2020 Budget

Paul Kagame, President of the Federal Republic of Rwanda

Rwanda’s Minister of ICT and Innovation, Paula Ingabire has revealed that a portion of its ICT budget will be used to support emerging technologies, among them, blockchain, says a news release on December 12.

Paula made his revelation on Wednesday, December 11 during a monthly meeting with Rwanda Blockchain Community.

Rwanda moves to include Blockchain in 2020 Budget 2

Paula Ingabire, Minister of ICT (L), Norbert Haguma, (C) Rwanda Block chain Association

The budget which commences in the next fiscal year, which begins on July 1, 2020, is contained in the “Emerging Tech Policy and Strategy” of the Ministry of ICT and Innovation.

The strategy is designed to leverage fourth industrial revolution technologies such as robotics, artificial intelligence and blockchain among others.

The plan was revealed on Wednesday, December 11 by Paula Ingabire, the Minister of ICT and Innovation during a monthly meeting with Rwanda Blockchain Community.

“Blockchain, just like the whole list of fourth industrial revolution technologies is one of the areas that we are very supportive of as a government and how we build that industry and grow it over time,” she said.

  • Rwanda moves to include Blockchain in 2020 Budget 3
  • Rwanda moves to include Blockchain in 2020 Budget 4

“For more than a year now, the National Bank of Rwanda and Rwanda Utility and Regulatory Authority (RURA) have established a sandbox facility around blockchain technology to test the technology,” says the news publication.

In a bid to support innovation, the Minister said,

“the government is keen on easing restrictions on tech start-ups as other countries are massively investing in new technologies.”

She observed that blockchain has the potential to help Rwanda develop areas such as healthcare systems, value transfer and tourism among others.

In 2017, the country had also announced plans to use blockchain technology in land registration as it stepped up efforts to end land disputes.

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