News

Stanford reports on "Blockchain for Social Impact"

News

Stanford reports on "Blockchain for Social Impact"

Inside Modum

August 27, 2018

This summer, a group at Stanford’s Graduate School of Business Centre for Social Impact completed an analysis of 193 organizations, initiatives, and projects that are leveraging blockchain to drive social impact. The objective of the research was to capture which applications have already begun to demonstrate proven social impact, which industries and use cases are advancing, and what lessons should we take from these early tests, pilots, and experiments.

 

The key findings of the report show that 34% of blockchain initiatives for social impact began in the last year and 74% are still in the pilot stage. Despite the early stages of most projects, the report is optimistic: key findings suggest that 20% these projects are providing a solution that could not have been otherwise solved without blockchain and 86% are bringing material improvements.

 

The report noted that of the 193 organizations analyzed, 25% were focused on health. Modum is pleased to be included as one of these and is happy to be used as a case study for the exploration of using Blockchain for Social Impact in the Health Sector.

 

To read the full report, visit their website here.