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A Study on the Sustainable Development of NPOs with Blockchain Technology

Author

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  • Eun-Jung Shin

    (Department of Finance, Hanyang University Business School, Seoul 04763, Korea)

  • Hyoung-Goo Kang

    (Department of Finance, Hanyang University Business School, Seoul 04763, Korea)

  • Kyounghun Bae

    (Department of Finance, Hanyang University Business School, Seoul 04763, Korea)

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.

Suggested Citation

  • Eun-Jung Shin & Hyoung-Goo Kang & Kyounghun Bae, 2020. "A Study on the Sustainable Development of NPOs with Blockchain Technology," Sustainability, MDPI, vol. 12(15), pages 1-18, July.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:15:p:6158-:d:392360
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    6. Hazem S Kassem & Salim Bagadeem & Bader Alhafi Alotaibi & Mohammed Aljuaid, 2021. "Are partnerships in nonprofit organizations being governed for sustainability? A partnering life cycle assessment," PLOS ONE, Public Library of Science, vol. 16(3), pages 1-25, March.

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