Skip to main content

Lund University Publications

LUND UNIVERSITY LIBRARIES

Sarafu : A cryptocurrency for Kenyan rural communities

Barinaga, Ester LU (2022)
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.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Other contribution
publication status
published
subject
keywords
community currencies, monetary design, governance, savings, loans, rural communities, Social relations
publisher
Sage Business Cases
ISBN
9781529789898
language
English
LU publication?
yes
additional info
Teaching Case with corresponding Teaching Notes
id
f8a5afa7-51b3-4635-878e-93a61b6f9498
alternative location
https://sk.sagepub.com/cases/sarafu-a-cryptocurrency-for-kenyan-rural-communities
date added to LUP
2022-01-20 18:40:06
date last changed
2022-01-21 11:24:45
@misc{f8a5afa7-51b3-4635-878e-93a61b6f9498,
  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.}},
  author       = {{Barinaga, Ester}},
  isbn         = {{9781529789898}},
  keywords     = {{community currencies; monetary design; governance; savings; loans; rural communities; Social relations}},
  language     = {{eng}},
  month        = {{01}},
  publisher    = {{Sage Business Cases}},
  title        = {{Sarafu : A cryptocurrency for Kenyan rural communities}},
  url          = {{https://sk.sagepub.com/cases/sarafu-a-cryptocurrency-for-kenyan-rural-communities}},
  year         = {{2022}},
}