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Journal of Public Administration (JOPA)

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ISSN : 2
Reinvigorating Corporate Social Investment (CSI) with blockchain technology

Author: Logan D. Naidoo Deshen Naidoo

Affiliation: 1Mangosuthu University of Technology 2University of Witwatersrand

Source: Journal of Public Administration, 2023-04-10 17:35:41

Accreditation: Department of Higher Education and Training(DHET)



Abstract: Reinvigorating Corporate Social Investment (CSI) with blockchain technology

The advent of the Fourth Industrial Revolution brings with it several technologies. These include nanotechnology, artificial intelligence, robotics, biotechnology and blockchain. The benefits of these technologies are endless. Corporate Social Investment (CSI) is the main arm through which the corporates are required to fulfil their social responsibilities to the communities in which they operate. During the 2015/2016 financial year in South Africa, this investment totalled R8.6 billion. Through the provision of much needed resources, CSI enables corporates to strategically partner with and invest in Non-Profit Organisation (NPO) initiatives that create shared value by enhancing their competitiveness while simultaneously contributing to the advancement, welfare and wellbeing of society. However, given the sheer size of funding in circulation, the lack of NPO financial transparency and measurement, and the inherent problems that still