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Feasibility study of using blockchain to improve transparency and trust in the charity industry
In 2012, the UN Secretary stated that corruption prevented 30 percent of all development assistance from reaching its destination (UNSG, 2012). This thesis discusses the importance of trust and transparency in the charity sector, and how technology, specifically blockchain, could address these two f...
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| Format: | Thesis |
| Language: | English |
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Accounting and Accountability in Africa
2021
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| _version_ | 1867613162697654272 |
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| access_status_str | Open Access |
| author | Pahl, Julika |
| author2 | Georg, Co-Pierre |
| author_browse | Georg, Co-Pierre Pahl, Julika |
| author_facet | Georg, Co-Pierre Pahl, Julika |
| author_sort | Pahl, Julika |
| collection | Thesis |
| description | In 2012, the UN Secretary stated that corruption prevented 30 percent of all development assistance from reaching its destination (UNSG, 2012). This thesis discusses the importance of trust and transparency in the charity sector, and how technology, specifically blockchain, could address these two factors. This paper aims to demonstrate this by developing a minimum viable product on the Ethereum blockchain, called the LoveEconomy, for a local South African non-profit organization, the Secret Love Project. The LoveEconomy is designed as a circular economy, whereby local businesses and users of the platform benefit from each other, whilst also supporting the charity, which takes care of homeless people in Cape Town. Blockchain has many features that could potentially transform charitable giving and aid distribution by enhancing transparency, reducing costs through disintermediation, and enabling new mechanisms for monitoring and tracking charities' impact. Trust and transparency are closely linked in the charity industry, as transparency about the distribution of the funds and the end impact are critical for the trust of the public (Populus and Charity Commission For England & Wales, 2018). |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/33932 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:31:45.395Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Accounting and Accountability in Africa |
| publisherStr | Accounting and Accountability in Africa |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/33932 Feasibility study of using blockchain to improve transparency and trust in the charity industry Pahl, Julika Georg, Co-Pierre Financial Technology In 2012, the UN Secretary stated that corruption prevented 30 percent of all development assistance from reaching its destination (UNSG, 2012). This thesis discusses the importance of trust and transparency in the charity sector, and how technology, specifically blockchain, could address these two factors. This paper aims to demonstrate this by developing a minimum viable product on the Ethereum blockchain, called the LoveEconomy, for a local South African non-profit organization, the Secret Love Project. The LoveEconomy is designed as a circular economy, whereby local businesses and users of the platform benefit from each other, whilst also supporting the charity, which takes care of homeless people in Cape Town. Blockchain has many features that could potentially transform charitable giving and aid distribution by enhancing transparency, reducing costs through disintermediation, and enabling new mechanisms for monitoring and tracking charities' impact. Trust and transparency are closely linked in the charity industry, as transparency about the distribution of the funds and the end impact are critical for the trust of the public (Populus and Charity Commission For England & Wales, 2018). 2021-09-15T16:24:26Z 2021-09-15T16:24:26Z 2021 2021-09-15T01:57:28Z Master Thesis Masters MPhil http://hdl.handle.net/11427/33932 eng application/pdf Accounting and Accountability in Africa Faculty of Commerce |
| spellingShingle | Financial Technology Pahl, Julika Feasibility study of using blockchain to improve transparency and trust in the charity industry |
| thesis_degree_str | Master's |
| title | Feasibility study of using blockchain to improve transparency and trust in the charity industry |
| title_full | Feasibility study of using blockchain to improve transparency and trust in the charity industry |
| title_fullStr | Feasibility study of using blockchain to improve transparency and trust in the charity industry |
| title_full_unstemmed | Feasibility study of using blockchain to improve transparency and trust in the charity industry |
| title_short | Feasibility study of using blockchain to improve transparency and trust in the charity industry |
| title_sort | feasibility study of using blockchain to improve transparency and trust in the charity industry |
| topic | Financial Technology |
| url | http://hdl.handle.net/11427/33932 |
| work_keys_str_mv | AT pahljulika feasibilitystudyofusingblockchaintoimprovetransparencyandtrustinthecharityindustry |