Crypocurrencies and Block Chain: Critique to Central Bank of Kenya’s Public Notice

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dc.contributor.authorKagwaini, Dorothy Muthoka
dc.contributor.authorMomanyi, Amos
dc.contributor.authorMushizi, Aubin
dc.contributor.authorWangio, Dreda
dc.contributor.authorShukhe, Duba
dc.contributor.authorMomanyi, Elizabeth
dc.contributor.authorNjonjo, Fidelis
dc.contributor.authorHajara, Gift Atta
dc.contributor.authorKaindi, Irene
dc.contributor.authorMacharia, Irene
dc.contributor.authorMutendeu, Judy
dc.contributor.authorMbai, Miriam
dc.contributor.authorMbali, Rhoda
dc.contributor.authorKabeney, Salome
dc.date.accessioned2020-12-09T10:40:46Z
dc.date.available2020-12-09T10:40:46Z
dc.date.issued2020-11-30
dc.descriptionClass Projecten_US
dc.description.abstractWith the disruption of technologies such as the big data, artificial intelligence, the internet of things, robotics, cryptocurrencies and blockchains, business models in various sectors have been influenced both positively and negatively. The World Economic Forum ‘prophecy’ of businesses and individuals failure to embrace these technologies is slowly coming to pass. Innovation diffusion theory was used to explain why Kenyans are still wondering whether cryptocurrencies and blockchain is hype or a transformational technology that is able to create business opportunity or not. The purpose was to critique the Central Bank of Kenya’s cryptocurrencies and blockchains public notice that was issued in an attempt to provide benefits and challenges of these technologies. Qualitative, secondary data was used based on narrative analysis specifically thematic analysis applied. The findings showed a trade-off between these technologies. The conclusion was that these technologies are transformational and probably will be adopted be as legal tender issued by the central banks. The contribution of this article is largely for academic purposes as well as to the Central Bank of Kenya, to spur them to research, learn and venture into ways of utilizing these technologies.en_US
dc.description.sponsorshipSchool of Business and Economics, Department of Commerceen_US
dc.identifier.citationKagwaini, D. M; Momanyi, A.; Mushizi, A.; Wangio, D.; Shukhe, D.; Momanyi, E.; Njonjo, F.; Hajara, G. A.; Kaindi, I.; Macharia, I.; Mutendeu, J.; Mbai, M.; Mbali, R.; Kabeney, S. (2020). Crypocurrencies and Block Chain: Critique to Central Bank of Kenya’s Public Notice. Daystar University School of Business and Economics: Nairobien_US
dc.identifier.urihttps://repository.daystar.ac.ke/handle/123456789/3330
dc.language.isoenen_US
dc.publisherDaystar University, School of Business and Economicsen_US
dc.relation.ispartofseriesClass Projects and Student Articles;
dc.subjectCrypocurrenciesen_US
dc.subjectBlock Chainen_US
dc.subjectCentral Bank of Kenyaen_US
dc.subjectWorld Economic Forumen_US
dc.titleCrypocurrencies and Block Chain: Critique to Central Bank of Kenya’s Public Noticeen_US
dc.typeArticleen_US

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