Hybrid Blockchain Model to Increase Transparency in the Use of Corporate Social Responsibility Funds

Corporate Social Responsibility (CSR) plays a crucial role in promoting sustainable development by ensuring companies contribute positively to society and the environment. However, implementing CSR programs often faces challenges related to transparency in the use of funds. This study aims to apply blockchain technology to improve transparency in the use of CSR funds. This study adopted a Research and Development (R&D) approach, which included the stages of needs analysis, system design, and limited system testing using dummy data. Blockchain is used to record transactions for CSR fund sources, amounts, distributors, and recipients. The peer-to-peer validation concept of blockchain in CSR management ensures that nodes on the blockchain network will validate every transaction. The blockchain used in the proposed model is a hybrid blockchain, built by the CSR implementing company. Simulation results with Hyperledger show that implementing blockchain in CSR fund management produces transparent, secure, and valid information.