Ester Barinaga
Professor
Sarafu : A cryptocurrency for Kenyan rural communities
Author
Summary, in English
In June 2019, Ruddick was considering how to embed the management of a cryptocurrency in the rural Kenyan communities that were to use it. Initially introduced as paper currencies managed by a cooperative of rural residents, moving the currency system onto the blockchain implied a change in the monetary design. The case describes communal structures that organize economic life in rural Kenya, as well as the monetary design features of the Sarafu cryptocurrency. It then invites students to consider how the cryptocurrency system could be redesigned to anchor the management of the cryptocurrency in the communities that are to benefit from it.
Department/s
- Department of Business Administration
Publishing year
2022-01-03
Language
English
Links
Document type
Teaching case
Publisher
Sage Business Cases
Topic
- Business Administration
Keywords
- community currencies
- monetary design
- governance
- savings
- loans
- rural communities
- Social relations
Status
Published
ISBN/ISSN/Other
- ISBN: 9781529789898