Abstract
This study investigated the application of a blockchain for promoting the sustainable development of non-profit organizations (NPOs). Transparency and good governance are important for operating NPOs in addition to building trust with relevant stakeholders. NPOs consume a large amount of resources (including funds) to monitor their operations and present their transparency and soundness of governance to interested stakeholders. Blockchain technology can fulfill an NPO’s requirements at a lower cost and with a higher efficiency. We reviewed the existing research on NPO governance and blockchain applications. In addition, through case studies, we identified sustainable development strategies for NPOs involving blockchain technologies to increase donation, reduce cost, enhance transparency, and improve governance structure.
Highlights
Transparency and governance are frequently researched topics in the context of non-profit organizations (NPOs)
NPO projects can be implemented with an improved efficiency of internal operations and vitalized donations through the use of blockchain technology
We presented a solution for the transparency and governance problems that NPOs face with the introduction of new technologies
Summary
Transparency and governance are frequently researched topics in the context of non-profit organizations (NPOs). Disclosing business-related information has been emphasized for the transparent operation of NPOs; it uses a lot of time and resources. While transparency itself is not the core work of an NPO, it is a complex issue because an NPO’s work involves pursuing abstract values, such as social innovation. The efficient management of the time and costs expended in ensuring transparency can determine the success of NPOs. In addition, many studies have shown that disclosing operational information and establishing transparency and good governance are crucial in NPO management. A blockchain’s decentralized ledger structure and smart contract can meet NPOs’ needs for efficiently sharing information and building autonomous governance
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