Forbes September 12, 2019
Neil Malhotra

When most people hear the word “blockchain,” they automatically associate it with cryptocurrencies such as Bitcoin. This often has negative connotations given high price volatilities, shady use cases, and negative environmental impacts. However, cryptocurrency production and trading is a small aspect of blockchain technology, which has numerous use cases. In fact, blockchain technology is already proving to be a critical tool for social innovation.

Affiliates of the Stanford Graduate School of Business recently released a report on the use of blockchain technology for social impact. Spearheaded by Douglas Galen, a lecturer at the Stanford GSB and co-founder and CEO of Rippleworks, the project brought together students from across the university to research and interview a diverse set of organizations who...