Browsing by Author "Kamathi, Fridah Kaunga"

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    Applicability of Blockchain Technology in Crypto Currency and Return on Investment for Online Companies Operating In Kenya
    (Kenyatta University, 2025-05) Kamathi, Fridah Kaunga
    When it comes to the use of blockchain technology and cryptocurrencies, Kenya is one of the world's leading nations. Numerous businesses have integrated blockchain technology as a result of the growing acceptance and awareness of cryptocurrencies. However, it is unclear from the literature how blockchain technology in cryptocurrencies and return on investment are related. Therefore, this study assessed the impact of blockchain technology on cryptocurrencies and ROI for Kenyan internet businesses. The independent variables of the study are blockchain digital ledger, blockchain smart contracts, and permissioned block chains, while the return on investment is the dependent variable. The study was premised on the resource-based view theory, the disruptive innovation theory and the diffusion of innovation theory. The study used a correlational design. The study include1664 online companies operating in Kenya. The sampling frame was 322 companies which had used blockchain technology for at least three years. The sample size was 178 online companies, and the unit of analysis was the top managers of the companies. Stratified sampling was employed to select the participants. Questionnaires were used to gather data. The SPSS version 21 was applied for inferential and descriptive statistical analysis. Regression and correlation analyses were done to exhume the relations between variables. The researcher adhered to the necessary ethical guidelines. The findings showed that blockchain technology adoption was positively and significantly correlated with return on investment of online companies operating in Kenya. Each of the three independent variables was discovered to have a statistically significant effect on return on investment. Blockchain digital ledger was found to have the biggest impact (0.065 units) on return on investment while permissioned block chains were found to have the least impact (0.056 units). The outcomes were significant at p˂0.05. The findings underscored the need to online companies to prioritize blockchain technology adoption to maximize return on investment. The research concluded that blockchain digital ledger, block chain smart contracts, and permissioned block chains significantly influenced return on investment of online companies operating in Kenya. The study exhorted future studies on the effects of blockchain adoption on return on investment while considering the indirect mediating roles of blockchain project’s purpose and company characteristics. The study recommends top leadership or proprietors of online companies operating in Kenya to expedite the integration of blockchain digital ledger in their systems. The study also recommends companies to integrate permissioned block chains to strengthen data security and integrity levels, improve the levels of transparency in transacting, detect and prevent vulnerabilities and fraud.
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    Applicability of Blockchain Technology in Cryptocurrency and Return on Investment for Online Companies Operating in Kenya
    (Stratford Peer Reviewed Journals and Book Publishing, 2025-03) Kamathi, Fridah Kaunga; Ndede, Fredrick W.S.
    Kenya is a global leader in blockchain technology and cryptocurrency adoption, with many businesses implementing blockchain solutions. However, the relationship between blockchain technology in cryptocurrencies and return on investment (ROI) is unclear in the literature. This study looked at the impact of blockchain technology on cryptocurrencies and ROI for Kenyan internet businesses. The independent variables were blockchain digital ledgers, blockchain smart contracts, and permissioned blockchains, with ROI as the dependent variable. The study was founded on the resource-based view theory, disruptive innovation theory, and diffusion of innovation theory. A correlational research design was used to target 1,664 online companies in Kenya. A sample of 178 firms was selected from a group of 322 companies that had used blockchain for at least three years. Top managers were selected as respondents using stratified sampling. Questionnaires were used to collect data, which was then analyzed with SPSS version 21 for inferential and descriptive statistics. Regression and correlation analyses revealed that implementing blockchain technology had a positive and significant impact on ROI. Among the independent variables, blockchain digital ledger had the highest impact (0.065 units), while permissioned blockchains had the least (0.056 units). All findings were significant at p < 0.05. The study emphasized the importance of online companies prioritizing blockchain adoption in order to maximize ROI. It concluded that blockchain digital ledgers, smart contracts, and permissioned blockchains had a significant impact on ROI. Future research should investigate the indirect mediating effects of blockchain project goals and company characteristics. The study recommended that Kenyan online business leaders accelerate blockchain integration, particularly the use of blockchain digital ledgers, to improve transparency, security, and fraud prevention. In addition, permissioned blockchains should be implemented to strengthen data integrity and mitigate risks
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    Applicability of Blockchain Technology in Cryptocurrency and Return on Investment for Online Companies Operating in Kenya
    (Journal of Information and Technology, 2025-03) Kamathi, Fridah Kaunga; Ndede, Fredrick W.S.
    Kenya is a global leader in blockchain technology and cryptocurrency adoption, with many businesses implementing blockchain solutions. However, the relationship between blockchain technology in cryptocurrencies and return on investment (ROI) is unclear in the literature. This study looked at the impact of blockchain technology on cryptocurrencies and ROI for Kenyan internet businesses. The independent variables were blockchain digital ledgers, blockchain smart contracts, and permissioned blockchains, with ROI as the dependent variable. The study was founded on the resource-based view theory, disruptive innovation theory, and diffusion of innovation theory. A correlational research design was used to target 1,664 online companies in Kenya. A sample of 178 firms was selected from a group of 322 companies that had used blockchain for at least three years. Top managers were selected as respondents using stratified sampling. Questionnaires were used to collect data, which was then analyzed with SPSS version 21 for inferential and descriptive statistics. Regression and correlation analyses revealed that implementing blockchain technology had a positive and significant impact on ROI. Among the independent variables, blockchain digital ledger had the highest impact (0.065 units), while permissioned blockchains had the least (0.056 units). All findings were significant at p < 0.05. The study emphasized the importance of online companies prioritizing blockchain adoption in order to maximize ROI. It concluded that blockchain digital ledgers, smart contracts, and permissioned blockchains had a significant impact on ROI. Future research should investigate the indirect mediating effects of blockchain project goals and company characteristics. The study recommended that Kenyan online business leaders accelerate blockchain integration, particularly the use of blockchain digital ledgers, to improve transparency, security, and fraud prevention. In addition, permissioned blockchains should be implemented to strengthen data integrity and mitigate risks.