ENDLESS : International Journal of Future Studies
Vol. 6 No. 3 (2023): ENDLESS: International Journal of Future Studies

Defining the Future: The Role of Blockchain Technology in Monitoring International Aid Funds

Lumastari Ajeng Wijayanti (Poltekkes Kemenkes Malang, Indonesia)
Avid Leonardo Sari (Universitas Islam Negeri Sunan Gunung Djati Bandung, Indonesia)
Mutia Pamikatsih (Universitas Nahdlatul Ulama Al Ghazali Cilacap, Indonesia)
Tuti Dharmawati (Universitas Halu Oleo, Kendari, Indonesia)
Bagus Setya Rintyarna (Universitas Muhammadiyah Jember, Indonesia)



Article Info

Publish Date
22 Dec 2023

Abstract

This article presents an in-depth analysis of blockchain technology's role in international aid fund management. The authors outline a conceptual framework illustrating how blockchain can be applied to improve aid monitoring systems, focusing on critical aspects such as transparency, recipient identification, and automation of fund distribution. We also discuss the ethical, security, and technology readiness challenges that may be faced in blockchain implementation. This article provides in-depth insight into how blockchain technology can address existing problems in international aid fund management by detailing concrete case studies and describing the research methods used. Research findings show that blockchain implementation has succeeded in increasing transparency, speeding up the distribution process, and optimising the use of aid funds. The article's result underscores the importance of continuing to pay attention to ethical, security, and inclusivity considerations while developing and implementing these technologies. By taking a holistic approach, using blockchain to monitor international aid funds can bring about significant positive change, increase efficiency, and support global development goals.

Copyrights © 2023






Journal Info

Abbrev

endless

Publisher

Subject

Economics, Econometrics & Finance Environmental Science Industrial & Manufacturing Engineering Law, Crime, Criminology & Criminal Justice

Description

Focus & Scope ENDLESS: International Journal of Futures Studies is a globally-oriented, trans-disciplinary refereed journal. Its mission is to develop high-quality, future-oriented research and thinking, based on the evolving knowledge base of Futures Studies / Foresight. The Journal’s approach ...