Risk management is as critical in the not-for-profit sector as it is in the for-profit world. The more common definition of risk is the chance that events prevent an organization from achieving its objectives. In reality, risk is the possibility that events will affect the achievement of objectives.
Cryptocurrency has been in the news now for many years. While cryptocurrencies such as Bitcoin, Ethereum etc. have received a lot of attention, in my anecdotal experience, very little money has been provided to Canadian charities through cryptocurrency.
It is often assumed that blockchain based digital currencies and applications are safe and secure. In fact, blockchain ecosystems including cryptocurrencies such as bitcoin and Ether, smart contracts that power a plethora of transactions, and blockchain exchanges have many vulnerabilities.