Blockchain and catching-up in developing countries: The case of financial inclusion in Africa

Mavilia, Roberto; Pisani, Roberta

doi:10.1080/20421338.2019.1624009

Cited by 42 publications

(33 citation statements)

References 27 publications

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“…Findings showed that having a decentralized distributed ledger poses the risk of no administration going against the governance policies of many states. Mavilia and Pisani (2019) established the assimilation of blockchain in developing nations with a case of financial inclusion in Africa. Africa still lacks access to financial inclusion and weakness in the present financial system as reported by the World Bank Survey.…”

Section: Statement Of the Problemmentioning

confidence: 99%

Effects of Blockchain Technology on Performance of Financial Markets in Kenya

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Mwambia

Baimwera

2021

IJFA

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Purpose: The study sought to establish the effects of blockchain technology on the performance of financial markets in Kenya. Methodology: The study adopted an explanatory research design. The study target population was drawn from the commercial banks located in Nairobi County, Kenya. The study targeted 84 bank managers in the IT and finance department of the 42 commercial banks in Kenya. Thus the target population of the study was 84 financial market managers selected. The study population was grouped into simple identifiable group called strata and adopted a stratified simple random sampling technique with inclusion of commercial banks. A sample size of a sample size of 50 respondents was arrived at. Data was collected using a structured questionnaire. The data collected was cleaned and coded, quantified and analyzed quantitatively. Quantitative data were analyzed using SPSS 24 where descriptive and inferential statistics were used to capture the data in order to understand the pattern and nature of relationships. Results were presented using tables. Findings: The study findings showed that the correlation analysis showed that the adoption of blockchain technology had a positive and significant correlation to government policy R = 0.240. Adoption of blockchain technology had a positive and significant correlation to internet infrastructure by R = 0.293. Adoption of blockchain technology had a positive and significant correlation to transaction cost at R = 0.583. Lastly, adoption of blockchain technology had a positive and significant correlation to risk analysis at R = 0.507. Unique contribution to theory, practice and policy: The study recommended that there should be policy review on issues relating to risk analysis so as to curb illegal money transfers and enhance performance of financial markets in Kenya. The study recommends for a thorough scrutiny by the government and ensures such issues are keenly analyzed to help bring peace and stability in the world. The aspect of having good internet connectivity is beneficial to the nation in that access to proper information will be available and it enables many users to have wide access to services as well as creation of employment. There is need to conduct a study on stability of blockchain technologies use and their impact to the economic growth. The study incorporated Technology Acceptance Model and Innovation Diffusion Theory to link the study topic to the concepts

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Section: Statement Of the Problemmentioning

confidence: 99%

Effects of Blockchain Technology on Performance of Financial Markets in Kenya

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Mwambia

Baimwera

2021

IJFA

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“…For example, it appears that privacy, data integrity, and simplification of operational processes were not perceived as associated with Blockchain by Brazilian professionals. Furthermore, the Blockchain's potential to enable improvements in digital, social, educational, political and, above all, financial inclusion [69][70][71][72] in a nation where such exclusions are significant, was not even cited by respondents, despite being featured in the academic literature on Blockchain.…”

Section: Discussionmentioning

confidence: 99%

Going beyond Cryptocurrencies: The Social Representation of Blockchain

Jóia

Vieira

2021

Sustainability

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This study investigates the social representation of Blockchain from the perspective of professionals in Brazil, herein considered as a proxy for emerging markets, and then compares the results found with the existing academic literature on the concept of Blockchain. To do that, the social representation theory was applied, operationalized through the words evocation technique. Security, bitcoin and decentralization were the categories located in the central nucleus of the social representation of Blockchain, while innovation, data, network, cryptocurrency, and technology were the categories located in the peripheral system. Based on the results obtained, there was a perceived strong association of Blockchain with bitcoin, one of its applications, and a dissonance between the existing academic literature and the perception of Brazilian professionals about the concept of Blockchain, as the latter is a privilege of the technical and operational issues of Blockchain to the detriment of its strategic potential. This dissonance can cause Blockchain initiatives to have results below expectations. Finally, Brazilian professionals did not realize the potential for inclusion of Blockchain in an emerging market such as Brazil and did not notice the need and relevance of a specific legal governance for Blockchain, an issue also forgotten by academia.

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“…Financial inclusiveness is an area where Blockchain can benefit the developing countries [53]. Blockchain can assist here towards financial services for the unbanked, microcredits, peer-to-peer bank services, and crypto-currencies, as transparency and distributed non-mediated transactions are utilized [28].…”

Section: Blockchain For Developmentmentioning

confidence: 99%

Blockchain for Development in the Era of the COVID-19 Pandemic

Karnouskos

2021

IEEE Open J. Ind. Electron. Soc.

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In the context of Information and Communication Technologies (ICT) for Development (ICT4D), several efforts have been carried out over the last decades to help developing countries address their challenges. In times of a pandemic, such as the COVID-19, several of these challenges gain higher priority in development as they may become unmanageable with the developing world's resources. Blockchain is a disruptive technology that could potentially enable the sustainable addressing of some of them, and COVID-19 offers a unique and timely opportunity to operationalize it. Driven by the research question "In what areas can Blockchain help address development challenges during a pandemic?" we aim to understand its applicability in addressing crucial social problems in developing countries. While the literature analysis points towards several promising areas, there are also significant concerns that need to be understood and carefully addressed when considering Blockchain in the context of developing countries. The critical discourse in this work is expected to benefit a wide variety of technology, policy, and research stakeholders.

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Blockchain and catching-up in developing countries: The case of financial inclusion in Africa

Cited by 42 publications

References 27 publications

Effects of Blockchain Technology on Performance of Financial Markets in Kenya

Effects of Blockchain Technology on Performance of Financial Markets in Kenya

Going beyond Cryptocurrencies: The Social Representation of Blockchain

Blockchain for Development in the Era of the COVID-19 Pandemic

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