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Dissertation Topic: Leveraging Blockchain Technology to Strengthen Non-Profit OrganizationsProvide at least 12 brief summaries (1-3 paragraphs for each summary) of recent, scholarly (peer-reviewed) articles that support/justify “Leveraging Blockchain Technology to Strengthen Non-Profit Organizations. Include the complete, APA reference entry for each article, followed by (a) an in-text citation; (b) what was studied; (c) what was found; and (d) why this research is important to the topic of “Leveraging Blockchain Technology to Strengthen Non-Profit Organizations. This evidence provides the justification for your research problemSee the attached document titled “20 Ways Blockchain Technology Can Help Strengthen Non-Profits” to help in searching for blockchain or non-profit articles as it pertains to this dissertation topic.
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20 Ways Blockchain Technology Can Help Strengthen Non-Profits
Blockchain technology has the potential to address various challenges faced by nonprofit organizations and enhance their operations. Here are 20 reasons how blockchain
can benefit non-profits:
1. Transparency and Accountability: Blockchain provides an immutable and transparent
ledger, ensuring accountability for every transaction made within the organization.
2. Enhanced Trust: The decentralized nature of blockchain fosters trust among
stakeholders, including donors, as they can verify transactions independently.
3. Reduced Administrative Costs: Smart contracts can automate routine administrative
tasks, reducing the need for intermediaries and lowering overall operational costs.
4. Tamper-Proof Records: Blockchain’s secure and tamper-resistant nature ensures that
records, such as donor information and financial transactions, remain intact and
unaltered.
5. Global Fundraising: Non-profits can leverage blockchain to facilitate global fundraising
campaigns, accepting donations in various cryptocurrencies and reaching a broader
donor base.
6. Improved Donor Transparency: Donors can trace how their contributions are used,
enhancing transparency and encouraging more donations.
7. Fraud Prevention: The decentralized nature of blockchain minimizes the risk of fraud,
ensuring that funds are used for their intended purposes.
8. Smart Contracts for Agreements: Smart contracts can automate and enforce
agreements between non-profits and stakeholders, streamlining processes and reducing
the likelihood of disputes.
9. Faster and Secure Transactions: Blockchain enables quicker and more secure crossborder transactions, eliminating delays and reducing transaction costs.
10. Identity Verification: Blockchain can be used for secure and transparent identity
verification, ensuring that aid reaches the intended recipients.
11. Decentralized Governance: Non-profits can implement decentralized governance
models using blockchain, allowing stakeholders to participate in decision-making
processes.
12. Immutable Impact Tracking: Organizations can use blockchain to create an immutable
record of their social impact, providing evidence of the positive changes they bring
about.
13. Reduced Dependency on Intermediaries: Blockchain eliminates the need for
intermediaries in financial transactions, reducing associated costs and ensuring more
funds reach the intended recipients.
14. Tokenization of Assets: Non-profits can tokenize assets, making it easier to trade and
transfer ownership, potentially unlocking new funding streams.
15. Real-Time Reporting: Blockchain enables real-time reporting on financial transactions
and other activities, providing non-profits with up-to-date insights into their operations.
16. Cross-Border Aid Distribution: Blockchain facilitates efficient and transparent crossborder aid distribution, ensuring that aid reaches affected areas promptly.
17. Immutable Grant Proposals: Grant proposals and project details stored on the
blockchain are immutable, providing a transparent history of non-profit initiatives.
18. Decentralized Fund Management: Blockchain allows for decentralized fund
management, reducing the risk of mismanagement and enhancing financial
stewardship.
19. Enhanced Data Security: Blockchain’s cryptographic features enhance data security,
protecting sensitive information from unauthorized access.
20. Increased Donor Engagement: Blockchain can be used to create loyalty programs or
token-based incentives, increasing donor engagement and encouraging ongoing
support.
These reasons showcase how blockchain technology can be a transformative force in
addressing challenges and strengthening non-profit organizations.
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