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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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    References listed on IDEAS

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    Cited by:

    1. Ying Zhang & Wenwen Luo & Feifei Yu, 2020. "Construction of Chinese Smart Water Conservancy Platform Based on the Blockchain: Technology Integration and Innovation Application," Sustainability, MDPI, vol. 12(20), pages 1-16, October.
    2. Changping Zhao & Juanjuan Sun & Yu Gong & Zhi Li & Peter Zhou, 2022. "Research on the Blue Carbon Trading Market System under Blockchain Technology," Energies, MDPI, vol. 15(9), pages 1-17, April.
    3. 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.
    4. Zhu, Qingyun & Bai, Chunguang & Sarkis, Joseph, 2022. "Blockchain technology and supply chains: The paradox of the atheoretical research discourse," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 164(C).
    5. Ahmad A. A. Khanfar & Mohammad Iranmanesh & Morteza Ghobakhloo & Madugoda Gunaratnege Senali & Masood Fathi, 2021. "Applications of Blockchain Technology in Sustainable Manufacturing and Supply Chain Management: A Systematic Review," Sustainability, MDPI, vol. 13(14), pages 1-20, July.

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