Keywords
sustainability
Sustainable Development Goals
ecological economics
green economy
strategic management
decision-making
SWOT analysis
How to Cite
Abstract
The interest and adoption of cryptocurrencies, such as Bitcoin and Ethereum, have significantly increased as a medium of payment and investment. At the same time, the international community has set a list of Sustainable Development Goals (SDGs) to be achieved by 2030, which includes eradicating poverty, protecting the planet, and ensuring peace and prosperity for everyone. One of the most significant challenges in achieving these SDGs is financing the necessary projects to implement them. Traditional financing sources, such as government budgets and private investments, may not be sufficient to cover the enormous costs associated with achieving the SDGs. Therefore, there is a need to explore alternative financing mechanisms to support the implementation of the SDGs. Cryptocurrencies represent a potential alternative source of funding for SDG projects. However, the lack of regulation and the high volatility of cryptocurrency prices may create uncertainty and risk for investors and project stakeholders. Examples of the use of cryptocurrencies in various SDG projects to enable fast and low-cost cross-border transactions are presented. The feasibility of using cryptocurrencies as a financing mechanism for SDG projects, a comprehensive SWOT analysis of the use of cryptocurrencies in financing SDG projects, potential problems and opportunities related to the use of cryptocurrencies for financing SDG projects, practical recommendations for policy makers, project developers and investors who are interested in using cryptocurrencies for financing SDG projects are discussed in the article. To address this issue, this article aims to conduct a SWOT analysis to evaluate the strengths, weaknesses, opportunities, and threats of using cryptocurrencies as a financing mechanism for SDG projects. The analysis will provide valuable insights into the potential benefits and drawbacks of utilizing cryptocurrencies for SDG project financing and identify strategies to mitigate risks and maximize opportunities. Ultimately, this research aims to contribute to the broader conversation around alternative financing mechanisms for sustainable development projects.
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