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

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.