Kiplagat says that the database with incomplete information of unclaimed financial assets carries the risk of data manipulation and misuse. This prompted him to reach out and research further following the launch of the Blockchain and AI Taskforce Report, which provides a blueprint on how the government can leverage blockchain technology across its different parastatals and institutions.
According to Kiplagat, UFAA Kenya has committed to use technology in two ways:
Secure the incomplete data – Since the current database of unclaimed assets is incomplete, it is vulnerable to manipulation and blockchain can help minimize this risk
Unify the incomplete data – Being able to pick bits and pieces of identity information using Artificial Intelligence (AI) to help identify the rightful owners of these assets.
Kiplagat was optimistic about the blockchain’s potential in solving this security challenge: