1st Edition

Leveraging Blockchain Technology Governance, Risk, Compliance, Security, and Benevolent Use Cases

Edited By Shaun Aghili Copyright 2025
    248 Pages 3 B/W Illustrations
    by CRC Press

    Blockchain technology is a digital ledger system that allows for secure, transparent and tamper-proof transactions. It is essentially an often decentralized, distributed, peer-to-peer database that is maintained by a network of computers instead of a single entity, making it highly resistant to hacking and data breaches. By providing greater security, transparency and efficiency, blockchain technology can help to create a more equitable and sustainable world.

    Blockchain technology has the potential to help mankind in various ways, some of which include - but are not limited to:

    Decentralization and Transparency: Blockchain technology allows for decentralization of data and transactions, making them more transparent and accountable. This is particularly important in fields such as finance, where trust and transparency are critical.

    Increased Security: Blockchain technology is inherently secure due to its distributed nature, making it very difficult for hackers to compromise the system. This makes it an ideal solution for data and information storage, particularly in areas such as health and finance, where privacy and security are of utmost importance.

    Faster Transactions: Blockchain technology eliminates the need for intermediaries, reducing the time and cost associated with transactions. This makes it an ideal solution for international trade, remittances, and other types of financial transactions; especially in parts of the world where a great number of individuals do not have access to basic banking services.

    Immutable Record: One of the fundamental attributes of blockchain is its immutability. Once data is added to the blockchain, it becomes nearly impossible to alter or delete. This feature ensures a tamper-resistant and reliable record of transactions, crucial for maintaining integrity in various industries, including supply chain management and legal documentation.

    Smart Contracts: Blockchain technology supports the implementation of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. This automation streamlines processes and reduces the risk of fraud, particularly in sectors like real estate and legal agreements.

    Interoperability: Blockchain's ability to facilitate interoperability allows different blockchain networks to communicate and share information seamlessly. This attribute is pivotal for creating a unified and interconnected ecosystem, especially as various industries adopt blockchain independently. Interoperability enhances efficiency, reduces redundancy, and fosters collaboration across diverse sectors.

    Leveraging Blockchain Technology: Governance, Risk, Privacy, Security, Compliance and Benevolent Use Cases discusses various GRC and operational risk-related considerations in a comprehensive, yet non-technical way, as to enable business leaders, managers and professionals to better understand and appreciate its various potential use cases. This book is also a must-read for non-profit organisation leaders allowing them to further democratize needs that we often take for granted in developed countries around the globe, such as access to basic tele-medicine, identity management and banking services.



    About the Editor

    List of Contributors


    Part 1

    Chapter 1: Blockchain Data and Architecture Considerations

    Ami Padia and Priyank Mehta


    CHAPTER 2:  Blockchain Governance Considerations

    Alamgir Faruque and Tahziba Tabassum


    CHAPTER 3: Operational Risks in Blockchain Technology

    Aditya Jayeshkumar Bhatt and Kesha Sisodia


    CHAPTER 4: Privacy Considerations in Blockchain Technology 

    Adebimpe Onamade and Ebubechi Okpaegbe


    CHAPTER 5:  Blockchain Security Considerations

    Lilian Behzadi and James Joseph


    CHAPTER 6: Digital Assets Valuation and Financial Reporting

    Ankita Vashisth, Kolawole Salako and Pramitha Pinto



    Part 2

    CHAPTER 7: The Use of Self-Sovereign Identity in Blockchain Systems

    Adebimpe Onamade and Ebubechi Okpaegbe


    CHAPTER 8: Enhancing Voting/E-voting Through Blockchain 

    Alamgir Faruque and Tahziba Tabassum


    CHAPTER 9: Humanitarian Aid and Disaster Relief Using Blockchain  

    Ami Padia and Priyank Mehta


    CHAPTER 10: Enhancing Healthcare in Underserved Regions Through Blockchain

    Lilian Behzadi and James Joseph


    CHAPTER 11: Non-Traditional Banking Services for the Underserved

    Ankita Vashisth, Kolawole Salako and Pramitha Pinto


    CHAPTER 12: Use of Blockchain in Islamic Finance

    Aditya Jayeshkumar Bhatt and Kesha Sisodia




    Dr. Shaun Aghili, an award-winning management professor, is the lead faculty of Concordia University of Edmonton's Master of Information Systems Assurance Management (MISAM). MISAM is Canada's only graduate-level program in information systems auditing.


    With numerous professional designations to his name, Dr. Aghili is a certified management accountant (CMA), an internal auditor and risk assurance specialist (CIA, CRMA), a fraud examiner (CFE), an information systems auditor (CISA), and an information systems and cloud security professional (CISSP-ISSMP, CCSP). Shaun has also completed several blockchain certifications, such as Certified Blockchain Expert and Certified Blockchain Security Professional.


    Dr. Aghili has authored over 90 published articles, book chapters, and conference proceedings, including his latest books titled Fraud Auditing Using CAATT: A Manual for Auditors and Forensic Accountants to Detect Organizational Fraud (2019) and The Auditor's Guide to Blockchain Technology: Architecture, Use Cases, Security, and Assurance (2022).