Feasibility study of using blockchain to improve transparency and trust in the charity industry

dc.contributor.advisorGeorg, Co-Pierre
dc.contributor.authorPahl, Julika
dc.date.accessioned2021-09-15T16:24:26Z
dc.date.available2021-09-15T16:24:26Z
dc.date.issued2021
dc.date.updated2021-09-15T01:57:28Z
dc.description.abstractIn 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).
dc.identifier.apacitationPahl, J. (2021). <i>Feasibility study of using blockchain to improve transparency and trust in the charity industry</i>. (). ,Faculty of Commerce ,Accounting and Accountability in Africa. Retrieved from http://hdl.handle.net/11427/33932en_ZA
dc.identifier.chicagocitationPahl, Julika. <i>"Feasibility study of using blockchain to improve transparency and trust in the charity industry."</i> ., ,Faculty of Commerce ,Accounting and Accountability in Africa, 2021. http://hdl.handle.net/11427/33932en_ZA
dc.identifier.citationPahl, J. 2021. Feasibility study of using blockchain to improve transparency and trust in the charity industry. . ,Faculty of Commerce ,Accounting and Accountability in Africa. http://hdl.handle.net/11427/33932en_ZA
dc.identifier.ris TY - Master Thesis AU - Pahl, Julika AB - 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 &amp; Wales, 2018). DA - 2021_ DB - OpenUCT DP - University of Cape Town KW - Financial Technology LK - https://open.uct.ac.za PY - 2021 T1 - Feasibility study of using blockchain to improve transparency and trust in the charity industry TI - Feasibility study of using blockchain to improve transparency and trust in the charity industry UR - http://hdl.handle.net/11427/33932 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/33932
dc.identifier.vancouvercitationPahl J. Feasibility study of using blockchain to improve transparency and trust in the charity industry. []. ,Faculty of Commerce ,Accounting and Accountability in Africa, 2021 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/33932en_ZA
dc.language.rfc3066eng
dc.publisher.departmentAccounting and Accountability in Africa
dc.publisher.facultyFaculty of Commerce
dc.subjectFinancial Technology
dc.titleFeasibility study of using blockchain to improve transparency and trust in the charity industry
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationlevelMPhil
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