Exploring the potential of blockchain technology to collect finances from remittances for social entrepreneurs in the agrifood sector

2019 
African social entrepreneurs improving food security in their community are faced with difficulties to get access to finance. This study explores the role of blockchain technology to ease access to funding by social entrepreneurs to remittances from diaspora in the Netherlands. Therefore, the study has analysed the challenges of the current international transfer systems and the preferences and willingness of diaspore and social entrepreneurs to make use of the blockchain technology. The conclusion is that current systems can be improved by blockchain technology. However, the added value of blockchain for the specific case of Kenya might be low given the large option of online ways to transfer money. Furthermore, the information needs from diaspora needs to be matched with the willingness to reveal information by social entrepreneurs. If there are ambitions to make use of blockchain, we recommend to explore the application of blockchain technology on remittances via a process of trial and error.
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