Global Blockchain For Non-Profits Market Size By Type, By Application, By Geographic Scope And Forecast
Report ID: 62243|No. of Pages: 202
Global Blockchain For Non-Profits Market Size By Type, By Application, By Geographic Scope And Forecast
Blockchain For Non-Profits Market Size And Forecast
Blockchain For Non-Profits Market size was valued at USD 238.71 Million in 2024 and is projected to reach USD 5400.73 Million by 2031, growing at a CAGR of 47.68% during the forecast period 2024-2031.
Global Blockchain For Non-Profits Market Drivers
The market drivers for the Blockchain For Non-Profits Market can be influenced by various factors. These may include:
- Accountability And Transparency: Donors can trace their contributions and know exactly how their money is being spent thanks to blockchain’s capacity to create an immutable, transparent ledger. Donor confidence and trust are bolstered by this transparency, which encourages more giving.
- Decreased Expenses: By streamlining procedures and doing away with middlemen, blockchain helps save non-profits’ administrative expenses. Time and money can be saved by using smart contracts to automate processes like grant disbursement and donation distribution.
- Fraud Prevention: Because blockchain technology is immutable, it is difficult to change or tamper with transaction records. This lowers the possibility of fraud and guarantees that donations are made to the correct people.
- Enhanced Donor Engagement: New ways to engage donors, including tokenized reward programmes or decentralised autonomous organisations (DAOs) that let donors influence decisions, can be made possible by blockchain technology.
- Global Reach: Nonprofits may connect with donors and beneficiaries worldwide because to blockchain’s borderless nature, which also makes it easier to conduct international business and make cross-border gifts without the need for expensive currency exchanges or middlemen.
- Supply Chain Transparency: Blockchain can offer supply chain transparency and traceability to non-profits engaged in environmental protection or humanitarian relief, guaranteeing that products reach their intended recipients and that environmental obligations are kept.
- Access To Funding: Tokenization and blockchain-based crowdfunding platforms can make it easier for non-profits to obtain funds by enabling them to raise money from a worldwide pool of supporters and investors.
- Data Security And Privacy: The decentralised design and cryptographic algorithms of blockchain technology can improve data security and privacy by safeguarding sensitive data about beneficiaries, contributors, and organisational operations.
- Regulatory Compliance: By offering transparent audit trails and verified identities, blockchain-based solutions can help organisations comply with legal obligations, including know your customer (KYC) and anti-money laundering (AML) laws.
- Partnerships And Innovation: By adopting blockchain technology, non-profits can establish themselves as trailblazers and draw in alliances with tech firms, academic institutions, and other groups eager to investigate blockchain’s potential for social good.
Global Blockchain For Non-Profits Market Restraints
Several factors can act as restraints or challenges for the Blockchain For Non-Profits Market. These may include:
- Cost: Using blockchain technology can be costly, particularly for nonprofit organisations with tight funds. Initial setup, development, training, and maintenance are all included in the cost. Nonprofits could find it difficult to defend these costs in the absence of evident and immediate advantages.
- Complexity: The successful implementation and management of blockchain technology necessitates technical competence. It’s possible that nonprofit organisations lack the tools or expertise needed to handle the complexities of blockchain technology.
- Regulatory Uncertainty: Laws governing blockchain technology differ from one jurisdiction to the next and are constantly changing. Uncertainty over compliance requirements may prevent nonprofits from adopting because of worries about legal and regulatory ramifications.
- Interoperability: Adoption may be hampered by incompatibility between various blockchain platforms and older systems. Integrating blockchain solutions with current procedures and technologies may prove difficult for nonprofits, which could result in incompatibilities and inefficiencies.
- Scalability: For blockchain technology, scalability is still a major concern, especially for public blockchains. Concerns over blockchain networks’ capacity to manage high transaction volumes without sacrificing efficiency or driving up prices may arise among nonprofit organisations.
- Perception And Trust: Since blockchain technology is still in its infancy, there may be mistrust or scepticism over its application, despite its potential advantages. Donors and recipients who are non-profit stakeholders could be worried about the security, privacy, and dependability of blockchain solutions.
- Education And Awareness: It’s possible that many nonprofit organisations are unaware of the full extent of blockchain technology’s potential uses and possibilities. Adoption and investment in blockchain technology may be hindered by a lack of knowledge and instruction regarding its advantages and applications.
Global Blockchain For Non-Profits Market Segmentation Analysis
The Global Blockchain For Non-Profits Market is Segmented on the basis of Type, Application, And Geography.
Blockchain For Non-Profits Market, By Type
- Public Blockchains: These are open and permissionless blockchains, such as Ethereum or Bitcoin. Anyone can join a public blockchain and participate in the network.
- Private Blockchains: These are closed and permissioned blockchains, where access is restricted to authorized users. Private blockchains are often used by consortiums of non-profit organizations or businesses.
- Hybrid Blockchains: These combine elements of both public and private blockchains.
Blockchain For Non-Profits Market, By Application
- Fundraising: Blockchain can be used to create secure and transparent donation platforms. Donors can track their donations and see how they are being used.
- Supply Chain Management: Blockchain can be used to track the movement of goods and donations, ensuring that they reach the intended recipients.
- Identity Management: Blockchain can be used to create secure and tamper-proof identity records for beneficiaries.
- Voting And Governance: Blockchain can be used to create secure and transparent voting systems for non-profit organizations.
Blockchain For Non-Profits Market, By Geography
- North America: Market conditions and demand in the United States, Canada, and Mexico.
- Europe: Analysis of the Blockchain For Non-Profits Market in European countries.
- Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East And Africa: Examining market dynamics in the Middle East and African regions.
- Latin America: Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Blockchain For Non-Profits Market are:
- AidChain
- BitGive Foundation
- CharityStars
- DonorCoin
- GiveDirectly
- The Giving Block
- Helpfund
- iGive.io
- Mercy Corps
- PENHA
- NGO Xchange
- IBM
- Oracle
- Airbus
- Tezos
- Bitfury
- Applied Blockchain Ltd
- Accenture
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Unit | Value (USD Million) |
| Key Companies Profiled | AidChain, BitGive Foundation, CharityStars, DonorCoin, GiveDirectly, Helpfund, iGive.io, Mercy Corps, PENHA, IBM |
| Segments Covered |
|
| Customization Scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Blockchain For Non-Profits Market, By Type
• Public blockchains
• Private blockchains
• Hybrid blockchains
5. Blockchain For Non-Profits Market, By Application
• Fundraising
• Supply chain management
• Identity management
• Voting and governance
6. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
7. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
8. Competitive Landscape
• Key Players
• Market Share Analysis
9. Company Profiles
• AidChain
• BitGive Foundation
• CharityStars
• DonorCoin
• GiveDirectly
• The Giving Block
• Helpfund
• iGive.io
• Mercy Corps
• PENHA
10. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
11. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
