Work

Empowering African Entrepreneurial Communities with Blockchain Proof-of-Stake Initiatives to Combat Inequality and Social Exclusion

Year: 2025

Type: article

Abstract: This study investigates three blockchain-based initiatives empowering entrepreneurial communities in Africa, focusing on Cape Verde, Angola, and Nigeria. Utilizing a multiple case study approach, it explores the implementation of decentralized public Blockchain Technology (BT) and cryptocurrency platforms. These platforms, which operate on a proof-of-stake mechanism and are fully open source, aim to identify the characteristics of successful BT system implementation and the pivotal role of blockchain-aligned entrepreneurship. The findings underscore BT's precision and effectiveness in managing entrepreneurship programs, facilitating real-time adaptation, and decision-making to address social and economic disparities. The study highlights BT's capacity to enhance operational efficiency and align business models with strategic goals, necessitating diverse skill sets for effective implementation. This innovative research offers valuable insights into how blockchain can rapidly integrate management, leadership, and execution capabilities into actionable strategies, ultimately empowering African entrepreneurs and fostering inclusive community development.

Source: Sustainable Business International Journal

DOI: 10.22409/2e2tgr63

Author: Antonio Pesqueira

Institution: Iscte – Instituto Universitário de Lisboa

Language: English

Topic: Blockchain Technology Applications and Security

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

SDGs: Decent work and economic growth, Reduced inequalities, Industry, innovation and infrastructure, No poverty

Open Access status: diamond

OpenAlex ID: W4414449203

FWCI:

Cites:

Cited by:

Related to: