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A framework to implement a decentralised payment system in a smart community
Thesis (MEng)--Stellenbosch University, 2025.
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| Format: | Thesis |
| Language: | English |
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Stellenbosch : Stellenbosch University
2025
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| _version_ | 1867614074710261760 |
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| access_status_str | Open Access |
| author | Du Toit, Brendan Rudolph |
| author2 | Stimie, J. E. |
| author_browse | Du Toit, Brendan Rudolph Stimie, J. E. |
| author_facet | Stimie, J. E. Du Toit, Brendan Rudolph |
| author_sort | Du Toit, Brendan Rudolph |
| collection | Thesis |
| dc_rights_str_mv | Stellenbosch University |
| description | Thesis (MEng)--Stellenbosch University, 2025. |
| format | Thesis |
| id | oai:scholar.sun.ac.za:10019.1/134610 |
| institution | Stellenbosch University (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:46:15.146Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from SUNScholar — Stellenbosch University Repository |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Stellenbosch : Stellenbosch University |
| publisherStr | Stellenbosch : Stellenbosch University |
| record_format | dspace |
| source_str | SUNScholar — Stellenbosch University Repository |
| spelling | oai:scholar.sun.ac.za:10019.1/134610 A framework to implement a decentralised payment system in a smart community Du Toit, Brendan Rudolph Stimie, J. E. Schutte, Corne Stellenbosch University. Faculty of Engineering. Dept. of Industrial Engineering. Electronic funds transfers Fintech Blockchains (Databases) Smart cities Thesis (MEng)--Stellenbosch University, 2025. Du Toit, B. R. 2025. A Framework to implement a Decentralised Payment system in a Smart Community. Unpublished masters thesis. Stellenbosch: Stellenbosch University [online]. Available: https://scholar.sun.ac.za/items/d077185a-b319-4eb5-8034-6bb383f489be This study addresses the complex payment challenges in South African smart communities, where traditional centralised systems often lead to inefficiencies such as high transaction fees, delays and restricted access. To mitigate these issues, the research proposes a decentralised finance (DeFi) solution t hat leverages blockchain technology for secure, a utonomous transactions. By using blockchain, the system can enhance transparency and reduce the need for intermediaries, which supports cost savings and better accessibility. The SCOPE-D model, Smart Community Payment Ecosystem DeFi, was developed as a conceptual model for implementing DeFi in smart communities. Grounded in Michael Porter’s Value Chain framework, SCOPE-D outlines core and support processes of a DeFi payment system while meeting regulatory requirements. To operationalise this model, an implementation framework was designed, with six sequential phases: Initiation and Stakeholder Alignment, Feasibility and Readiness Assessment, Deployment Planning and Integration, Controlled Roll-out and Testing, Full Implementation and User Onboarding, and finally, Monitoring and Continuous Improvement. Each phase is structured to ensure that the DeFi system remains adaptive, transparent, and aligned with community needs. Validation through expert feedback from property professionals informed refinements t o the framework, enhancing its relevance and scalability within South Africa’s property environment. Results indicate that this decentralised system can improve payment efficiency, increase transparency and foster trust between users, which are critical factors for sustainable community management. This framework therefore offers a practical approach for deploying decentralised payments within smart communities, providing a pathway to more resilient, efficient an d transparent financial management systems that align with local needs and regulatory standard Masters 2025-12-18T11:57:01Z 2025-12-18T11:57:01Z 2025-12 Thesis https://scholar.sun.ac.za/handle/10019.1/134610 en Stellenbosch University 141 pages : ill. application/pdf Stellenbosch : Stellenbosch University |
| spellingShingle | Electronic funds transfers Fintech Blockchains (Databases) Smart cities Du Toit, Brendan Rudolph A framework to implement a decentralised payment system in a smart community |
| title | A framework to implement a decentralised payment system in a smart community |
| title_full | A framework to implement a decentralised payment system in a smart community |
| title_fullStr | A framework to implement a decentralised payment system in a smart community |
| title_full_unstemmed | A framework to implement a decentralised payment system in a smart community |
| title_short | A framework to implement a decentralised payment system in a smart community |
| title_sort | framework to implement a decentralised payment system in a smart community |
| topic | Electronic funds transfers Fintech Blockchains (Databases) Smart cities |
| url | https://scholar.sun.ac.za/handle/10019.1/134610 |
| work_keys_str_mv | AT dutoitbrendanrudolph aframeworktoimplementadecentralisedpaymentsysteminasmartcommunity AT dutoitbrendanrudolph frameworktoimplementadecentralisedpaymentsysteminasmartcommunity |