Article Per Year (5 Year)
p-Index From 2021 - 2026
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All Journal International Journal of Applied and Scientific Research (IJASR)
Kibona, Lusekelo
Unknown Affiliation
Religion Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Decision Sciences, Operations Research & Management Social Sciences

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Decentralized Dreams: the Role of Blockchain in Transforming Digital Startups in Iringa Municipal Kibona, Lusekelo
International Journal of Applied and Scientific Research Vol. 2 No. 9 (2024): September 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijasr.v2i9.2539

Abstract

This study explored the transformative role of blockchain technology in digital startups, focusing on its adoption, impact on operational efficiency, and potential to drive innovation. Utilizing a sample of 95 respondents, the research employed a mixed-methods approach to gather quantitative data and qualitative insights. Key indicators included the adoption of blockchain technology, its effects on operational processes, and its influence on funding mechanisms. Findings revealed a high level of awareness and implementation among startups, indicating that blockchain significantly streamlined processes, enhanced transparency, and fostered innovative business models. However, challenges such as technical difficulties and security concerns were also identified, highlighting the need for ongoing support and education. The study concludes that while blockchain presents substantial opportunities for digital startups, addressing the associated challenges is essential for realizing its full potential.
Unlocking New Business Models: How Blockchain is Shaping Digital Entrepreneurship in Iringa Municipal Kibona, Lusekelo
International Journal of Applied and Scientific Research Vol. 2 No. 9 (2024): September 2024
Publisher : MultiTech Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59890/ijasr.v2i9.2542

Abstract

This study explored the impact of blockchain technology on digital entrepreneurship in Iringa Municipal, focusing on its potential to unlock new business models, enhance the entrepreneurial ecosystem, and identify challenges and opportunities associated with its adoption. A mixed-method approach was employed, involving a survey of 100 local entrepreneurs, which provided insights into their perceptions and experiences with blockchain. The findings revealed that a significant proportion of respondents viewed blockchain as a catalyst for innovation, with a majority recognizing its potential for market expansion and collaboration. However, challenges such as regulatory barriers, technical constraints, and financial limitations were also identified as impediments to widespread adoption. The study concluded that while blockchain holds promise for transforming the entrepreneurial landscape, concerted efforts are needed to educate stakeholders and create a supportive environment that facilitates its integration. Recommendations were made to enhance awareness, promote collaboration, and develop innovative funding mechanisms to fully leverage the benefits of blockchain technology in driving economic growth and innovation in the region.
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