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Using Blockchain-Enabled Solutions as SDG Accelerators in the International Development Space

Author

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  • Ahmet Faruk Aysan

    (College of Islamic Studies, Hamad Bin Khalifa University, Doha 34110, Qatar)

  • Fouad Bergigui

    (SDI Global Consult, Dover, DE 19901, USA)

  • Mustafa Disli

    (College of Islamic Studies, Hamad Bin Khalifa University, Doha 34110, Qatar)

Abstract

As the world is striving to recover from the shockwaves triggered by the COVID-19 crisis, all hands are needed on deck to transition towards green recovery and make peace with nature as prerequisites of a global sustainable development pathway. In this paper, we examine the blockchain hype, the gaps in the knowledge, and the tools needed to build promising use cases for blockchain technology to accelerate global efforts in this decade of action towards achieving the SDGs. We attempt to break the “hype cycle” portraying blockchain’s superiority by navigating a rational blockchain use case development approach. By prototyping an SDG Acceleration Scorecard to use blockchain-enabled solutions as SDG accelerators, we aim to provide useful insights towards developing an integrated approach that is fit-for-purpose to guide organizations and practitioners in their quest to make informed decisions to design and implement blockchain-backed solutions as SDG accelerators. Acknowledging the limitations in prototyping such tools, we believe these are minimally viable products and should be considered as living tools that can further evolve as the blockchain technology matures, its pace of adoption increases, lessons are learned, and good practices and standards are widely shared and internalized by teams and organizations working on innovation for development.

Suggested Citation

  • Ahmet Faruk Aysan & Fouad Bergigui & Mustafa Disli, 2021. "Using Blockchain-Enabled Solutions as SDG Accelerators in the International Development Space," Sustainability, MDPI, vol. 13(7), pages 1-24, April.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:7:p:4025-:d:530268
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    References listed on IDEAS

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    1. Christian Catalini & Joshua S. Gans, 2016. "Some Simple Economics of the Blockchain," NBER Working Papers 22952, National Bureau of Economic Research, Inc.
    2. Eric Abrahamson & Lori Rosenkopf, 1997. "Social Network Effects on the Extent of Innovation Diffusion: A Computer Simulation," Organization Science, INFORMS, vol. 8(3), pages 289-309, June.
    3. Zhu, Shuai & Song, Malin & Lim, Ming Kim & Wang, Jianlin & Zhao, Jiajia, 2020. "The development of energy blockchain and its implications for China's energy sector," Resources Policy, Elsevier, vol. 66(C).
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    Cited by:

    1. Ahmet Faruk Aysan & Luis Carlos Castillo-Téllez & Dilek Demirbas & Mustafa Disli, 2021. "Foreign Trade, Education, And Innovative Performance: A Multilevel Analysis," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 24(3), pages 413-440, September.
    2. Ahmet Faruk Aysan & Ali Yavuz Polat & Hasan Tekin & Ahmet Semih Tunali, 2021. "Bitcoin-specific fear sentiment and bitcoin returns in the COVID-19 outbreak," Working Papers hal-03354930, HAL.
    3. Aysan, Ahmet Faruk & Unal, Ibrahim Musa, 2021. "A Bibliometric Analysis of Fintech and Blockchain in Islamic Finance," MPRA Paper 109712, University Library of Munich, Germany.
    4. Tamy Al-Binali & Ahmet Faruk Aysan & Hasan Dinçer & Ibrahim Musa Unal & Serhat Yüksel, 2023. "New Horizons in Bank Mergers: A Quantum Spherical Fuzzy Decision-Making Framework for Analyzing Islamic and Conventional Bank Mergers and Enhancing Resilience," Sustainability, MDPI, vol. 15(10), pages 1-37, May.
    5. Ahmet Faruk Aysan & Ibrahim Musa Unal, 2024. "The Institutionalization of Islamic Finance: Historical Context, Current Developments, and Future Directions," Post-Print hal-04669980, HAL.
    6. Btool H. Mohamed & Mustafa Disli & Mohammed bin Saleh Al-Sada & Muammer Koç, 2022. "Investigation on Human Development Needs, Challenges, and Drivers for Transition to Sustainable Development: The Case of Qatar," Sustainability, MDPI, vol. 14(6), pages 1-26, March.
    7. Ahmet Faruk Aysan & Ibrahim Musa Unal, 2021. "Is Islamic Finance Evolving Into Fintech and Blockchain: A Bibliometric Analysis," Post-Print hal-03351153, HAL.
    8. Bryane Michael & Nataliya Koroleska & Andy Tai & David Wai Ho Wong, 2022. "A critical look at using financial technology policy to promote the sustainable development goals," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 1911-1920, December.
    9. Aysan, Ahmet Faruk & Bergigui, Fouad, 2021. "Sustainability, Trust and Blockchain Applications: Best Practices and Fintech Prospects," MPRA Paper 110023, University Library of Munich, Germany.
    10. Rocsana Bucea-Manea-Țoniş & Aleksandar Šević & Milena P. Ilić & Radu Bucea-Manea-Țoniş & Nevenka Popović Šević & Larisa Mihoreanu, 2021. "Untapped Aspects of Innovation and Competition within a European Resilient Circular Economy. A Dual Comparative Study," Sustainability, MDPI, vol. 13(15), pages 1-16, July.
    11. Disli, Mustafa & Nagayev, Ruslan & Salim, Kinan & Rizkiah, Siti K. & Aysan, Ahmet F., 2021. "In search of safe haven assets during COVID-19 pandemic: An empirical analysis of different investor types," Research in International Business and Finance, Elsevier, vol. 58(C).

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