Economics School Hosts Crypto-Currency Talk
On Wednesday 10th April 2019, the Daystar Economics Students Association (DESA) hosted a talk on Crypto-Currency at Athi River Campus. The theme of the forum was “Distrust” in businesses and the reason companies need intermediaries to help complete transaction. The topics of discussion bordered around the importance of crypto-currency, regulations and policies around it, why people should invest in it and the concept behind crypto-currency.
The guest speaker Mr. Benjamin Arunda, a Crypto-currency Consultant, revealed that crypto-currency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a Central Bank.
Mr. Arunda submitted that crypto-currency curbs cases of faking education certificates to secure jobs, because by using crypto-currency employers are able to validate one’s certificate given that it gives the identity of the person. He also said that the use of crypto-currency eliminates distrust and intermediaries during transactions.” He observed that “Internet bridged the gap of distance between transactions but a greater problem called distrust emerged.”
Mr. Arunda further encouraged the students to take up careers in crypto-currency such as content creators, researchers, engineers and writers, saying that such careers top the list of demand jobs.
“We organized this talk to create awareness about crypto-currency among Economics students, and to give them a chance to add input in crypto-currency,” said DESA Chairman Mr. Faida Yves. At the end of the session, students got the opportunity to ask the guest speaker questions.
Representing Daystar was the Senior Economics Lecturer Mr. Jimnah Waweru.