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Blockchain for good?
Author(s) -
Kewell Beth,
Adams Richard,
Parry Glenn
Publication year - 2017
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.2143
Subject(s) - blockchain , distributed ledger , business , sustainable development , profit (economics) , ledger , environmental economics , industrial organization , economics , computer science , political science , computer security , accounting , microeconomics , law
The blockchain innovation appears to represent viable catalysts for achieving global sustainable development targets. Projects and initiatives seeking to extend the reach of distributed ledger technologies (DLTs) seem mostly intended for the benefit of for‐profit businesses, governments, and consumers. DLT projects devised for the public good could aim, in theory, to fulfill the United Nation’s current sustainable development goals. Blockchain technology is being applied in ways that could transform this ambition for good into a practical reality.