INNOVATION IN EDUCATION FUND MANAGEMENT: A STUDY OF THE APPLICATION OF BLOCKCHAIN TECHNOLOGY FOR TRANSPARENCY AND EFFICIENCY

Kresna Agung Yudhianto; Juarni  Siregar; Baiq Siti Hajar

doi:10.61397/jkpp.v1i3.120

Authors

Kresna Agung Yudhianto Universitas Duta Bangsa Surakarta
Juarni Siregar Universitas Nusa Mandiri
Baiq Siti Hajar Universitas Nahdlatul Wathan Mataram

DOI:

https://doi.org/10.61397/jkpp.v1i3.120

Keywords:

Innovation, education funding, blockchain

Abstract

This research aims to explore the potential for applying blockchain technology to increase transparency and efficiency in managing education funds in schools. The research method used is a qualitative approach, through interviews with education managers and analysis of field findings. The research results show that blockchain technology has great potential in increasing transparency, accountability and efficiency in the management of education funds. By recording every transaction openly and irreversibly in the blockchain, schools can increase the level of transparency and enable real-time monitoring of funds. The use of smart contracts can also automate most administrative processes, reducing the risk of human error and saving time and costs. Recommendations for future research are to further explore the application of blockchain technology in broader educational contexts, as well as deepen understanding of the technical challenges, security, and associated social and economic impacts. By conducting further research in this area, we can expand our knowledge of the potential of blockchain technology in improving the overall quality of education.

Downloads

Download data is not yet available.

References

Arwani, A., & Priyadi, U. (2024). Exploring the Role of Blockchain Technology in Increasing Transparency and Accountability in Islamic Finance: A Systematic Review. JOURNAL OF BUSINESS ECONOMICS AND MANAGEMENT , 2 (2), Article 2. https://doi.org/10.59024/jise.v2i2.653

Bahanan, M., & Wahyudi, M. (2023). ANALYSIS OF THE INFLUENCE OF THE USE OF BLOCKCHAIN TECHNOLOGY IN FINANCIAL TRANSACTIONS IN SHARIA BANKING. I'THISOM : Journal of Sharia Economics , 2 (1), Article 1.

Dewi, AP, & Hakiki, MI (2023). Digital Transformation in the Halal Industry in Indonesia (Study of the Implementation of Blockchain Technology in the Halal Certification Process). Indo-Fintech Intellectuals: Journal of Economics and Business , 3 (2), Article 2. https://doi.org/10.54373/ifijeb.v3i2.240

Fathurohman, F., Marzuki, M., & Baharta, R. (2023). THE INFLUENCE OF SOCIAL MEDIA USE ON THE SELF-PERCEPTION AND SOCIAL RELATIONS OF TEENAGERS IN THE DIGITAL ERA. Journal of Educational and Psychological Studies , 1 (2), Article 2. https://doi.org/10.61397/jkpp.v1i2.89

Hadisi, L., & Muna, W. (2015). INFORMATION TECHNOLOGY MANAGEMENT IN CREATING LEARNING INNOVATION MODELS (E-LEARNING). Al-TA'DIB: Journal of Educational Studies , 8 (1), 117–140. https://doi.org/10.31332/atdb.v8i1.396

Haeran, H., Mainuddin, M., M. Muhibullah, MM, Umami, R., Syatriadin, S., M.Pd.I, DS, S.Pd, NAF, M.Pd.I, M., M .Pd, DMA, M.Pd, IA, S. Pd, S.Pd, H., MSI, NK, S. Pd I., & M.Si, MS, S. Sos I. (2022). EDUCATIONAL INNOVATION CONCEPT IDEAS . EDU PUBLISHER.

Hasanah, A. (2014). Educational Management Innovation: Vol. (5; Issue 5). STIT Pemalang. https://etheses.uinsgd.ac.id/4125/

Hidayati, S., Hendi, H., Karoma, K., & Astuti, M. (2023). INNOVATIONS IN FINANCIAL MANAGEMENT, EDUCATIONAL FACILITIES AND INFRASTRUCTURE. Journal of State Administration , 1 (2), Article 2.

Iswadi, I., Karnati, N., & Budianto, AA (2023). Robert K. Yin Design & Method Case Study (First). CV. Adanu Abimata.

Langeningtias, U., Putra, AM, & Nurwachidah, U. (2021). Madrasah-Based Education Management. Indonesian Education Journal , 2 (07), 1269–1282. https://doi.org/10.59141/japendi.v2i07.236

Limbong, IE (2021). Financial Aspects of Islamic Education. Journal of Contemporary Islamic Studies (JURKAM) , 1 (3), Article 3.

Mahendra, B. A. (2023). ANALYSIS OF STRATEGIES FOR THE DEVELOPMENT OF BLOCKCHAIN TECHNOLOGY AS A MEDIA FOR WAKAF TRANSPARENCY IN THE INDONESIAN WAKAF BOARD [Undergraduate, Sultan Agung Islamic University]. https://repository.unissula.ac.id/30563/

Murdiyanto, DE (2020). Qualitative Research Methods (1st ed.). Institute for Research and Community Service UPN "Veteran" Yogyakarta Press.

Nugraha, AC (2020). Application of Blockchain Technology in the Educational Environment: Case Study of the POLBAN Computer and Informatics Engineering Department. PRODUCTIVE: Scientific Journal of Information Technology Education , 4 (1), Article 1. https://doi.org/10.35568/produktif.v4i1.386

Nurahmawati, N., Umar, U., & Subari, S. (2023). School Principal Innovation in Utilizing BOS Funds. Ainara Journal (Journal of Research and PKM in the Field of Education) , 4 (3), Article 3. https://doi.org/10.54371/ainj.v4i3.303

Nurdin, Y., & Wijaya, I. (2019). THE INFLUENCE OF ACCOUNTING COMPETENCE OF VILLAGE FUND MANAGEMENT APPARATUS AND THE COMMITMENT OF VILLAGE GOVERNMENT ORGANIZATIONS ON ACCOUNTABILITY OF VILLAGE FUND MANAGEMENT (Study in South Sinjai District, Sinjai Regency). Accounting, Accountability, and Organization System (AAOS) Journal , 1 (1), Article 1. http://journal.unifa.ac.id/index.php/aaos/article/view/106

Pitriyani, P. (2023). Supervision of Education Funds. Innovative And Cultural Scholars , 1 (1), Article 1. https://doi.org/10.59996/cendib.v1i1.150

Purwanto, NA (2015). Competitive Strategy in the Education Business. UNY Journal of Educational Management , 113658.

Ridwan, A., & Sakdiyah, H. (2022). ANALYSIS OF EDUCATIONAL FUNDING SOURCES OF THE AL-KAUTSAR ISLAMIC COLLEGE FOUNDATION, MEDAN JOHOR DISTRICT. HIBRUL ULAMA , 4 (1), Article 1. https://doi.org/10.47662/hibrululama.v4i1.168

Rusdiana, DHA (2014). CONCEPTS OF EDUCATIONAL INNOVATION (1st ed., Vol. 1). CV. LOYAL LIBRARY.

Salsabila, L., Fikriya, M., Abdullah, F., & Affan, M. (2023). Utilization of Blockchain Technology in Waqf Fund Management. Journal of Digital Economics and Business , 1 (2), Article 2.

Subasman, I., & Aliyyah, RR (2023). THE IMPACT OF TECHNOLOGICAL TRANSFORMATION ON CAREER CHOICES IN THE STEM SECTOR. Journal of Educational and Psychological Studies , 1 (2), Article 2. https://doi.org/10.61397/jkpp.v1i2.94

Suryawijaya, TWE (2023). Strengthening Data Security through Blockchain Technology: Exploring Successful Implementation in Digital Transformation in Indonesia. Journal of Public Policy Studies , 2 (1), Article 1. https://doi.org/10.21787/jskp.2.2023.55-68

Urfiyya, K., & Sulastiningsih, S. (2021). DIGITAL SYSTEM BLOCKCHAIN AS A STRATEGY FOR OPTIMIZING ZAKAT FUND MANAGEMENT: CONCEPTUAL STUDY. Journal of the Study of Religion and Society , 17 (2), 83–95. https://doi.org/10.23971/jsam.v17i2.3157

Wattimena, FY, Renyaan, AS, Koibur, R., Manurung, HE, & Koibur, ME (2024). Digital Innovation in Government: Increasing Openness and Efficiency with AI, IoT, and Blockchain . Kaizen Media Publishing.

Winaya, IMA, Wijaya, PEP, Sudiarta, IN, & Sutika, IM (2022). Analysis of the Principles of Management of Regular School Operational Assistance (BOS) Funds in the Independent Learning Program. Widya Accarya , 13 (2), Article 2. https://doi.org/10.46650/wa.13.2.1277.133-144

Yusuf, M. (2023). Financial Technology Innovation (Fintech) in Financial Management of Islamic Education Institutions. Diction: Journal of Education and Literacy , 2 (2), Article 2.