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Abstract
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.
| Original language | English |
|---|---|
| Short description | Teaching Case with Teaching Note |
| Publisher | Sage Business Cases |
| ISBN (Electronic) | 9781529789898 |
| Publication status | Published - 2022 Jan 3 |
Bibliographical note
Teaching Case with corresponding Teaching NotesSubject classification (UKÄ)
- Business Administration
Free keywords
- community currencies
- monetary design
- governance
- savings
- loans
- rural communities
- Social relations
Fingerprint
Dive into the research topics of 'Sarafu: A cryptocurrency for Kenyan rural communities'. Together they form a unique fingerprint.Research output
- 1 Article
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A route to commons-based democratic monies? Embedding the governance of money in traditional communal institutions
Barinaga, E., 2020 Nov 27, In: Frontiers in Blockchain. 3, 12 p.Research output: Contribution to journal › Article › peer-review
Open Access
Activities
- 1 Public lecture/debate/seminar
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Grassroots Innovations for Inclusive Economic Growth
Barinaga, E. (Keynote/plenary speaker) & Zapata Campos, M. J. (Keynote/plenary speaker)
2020 Jan 30Activity: Talk or presentation › Public lecture/debate/seminar