Empowering Sustainable Startups in Kenya Through Blockchain Technology

This study investigates the potential applications of blockchain technology to offer a solid basis for supporting long-term, sustainable Kenyan entrepreneurs. The study investigates how blockchain technology's decentralized, transparent, and secure features might increase investor confidence, increase stakeholder engagement, and speed up funding processes for sustainable projects. The key findings indicate that blockchain can significantly improve transparency, reduce inefficiencies in the fundraising process, and attract a diverse range of investors to support companies. However, barriers including ambiguous laws, complex technology, and poor awareness make widespread adoption challenging. To solve problems, the paper emphasizes the need for an all-encompassing framework that includes capacity building, policy alignment, and clever public-private partnerships. By prioritizing these initiatives, stakeholders may unlock blockchain's transformative potential to assist Kenya's green development goals, foster innovation, and accelerate sustainable startup growth.

Authors

Publication Details

Journal
IC-ITECHS
Published
2024-12-03
DOI
https://doi.org/10.32664/ic-itechs.v5i1.1682
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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article

Empowering Sustainable Startups in Kenya Through Blockchain Technology

Loyce Aoko Hamba, Brian Muchiri Kangethe, Wilfred Onyango Odoyo
IC-ITECHS
FinTech, Crowdfunding, Digital Finance
article

Empowering Sustainable Startups in Kenya Through Blockchain Technology

Loyce Aoko Hamba, Brian Muchiri Kangethe, Wilfred Onyango Odoyo
article en

Abstract

This study investigates the potential applications of blockchain technology to offer a solid basis for supporting long-term, sustainable Kenyan entrepreneurs. The study investigates how blockchain technology's decentralized, transparent, and secure features might increase investor confidence, increase stakeholder engagement, and speed up funding processes for sustainable projects. The key findings indicate that blockchain can significantly improve transparency, reduce inefficiencies in the fundraising process, and attract a diverse range of investors to support companies. However, barriers including ambiguous laws, complex technology, and poor awareness make widespread adoption challenging. To solve problems, the paper emphasizes the need for an all-encompassing framework that includes capacity building, policy alignment, and clever public-private partnerships. By prioritizing these initiatives, stakeholders may unlock blockchain's transformative potential to assist Kenya's green development goals, foster innovation, and accelerate sustainable startup growth.

IC-ITECHSVol. 5(1)
Openalex Percentile: Top 57%
FinTech, Crowdfunding, Digital Finance
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Empowering Sustainable Startups in Kenya Through Blockchain Technology — Loyce Aoko Hamba, Brian Muchiri Kangethe, et al. · IC-ITECHS (2024) | TGRS Research Map | TGRS