Open AccessBlockchain based Trusted Charity Fund-Raising
Author(s) -
Ashutosh Ashish Khanolkar*,
Ashish Rajendra Gokhale,
Amrish Sanjay Tembe,
Vinayak Ashok Bharadi
Publication year - 2020
Publication title -
international journal of soft computing and engineering
Language(s) - English
Resource type - Journals
ISSN - 2231-2307
DOI - 10.35940/ijsce.a3454.0710120
Subject(s) - blockchain , donation , leverage (statistics) , internet privacy , accountability , business , computer security , trustworthiness , altruism (biology) , public relations , computer science , economics , political science , law , economic growth , psychology , social psychology , machine learning
The proposed system is a decentralized authentic platform that aims to leverage blockchain along with other technologies to design a trusted framework which would enable charity donations to be as accountable, trustworthy and transparent. The paper explores the potential for deploying blockchain within existing organizations to support smooth conduction of charity funds from the donor to the actual needy person using a stable Ethereum based Blockchain oriented platform. In this fast developing world of modernization, some people are becoming too competitive to earn money while others have no clue about getting even a penny. But at the same time, there exist people who wish to contribute to the society out of altruism. There exist many online donation platforms in the world and yet issues concerning extra fees, accountability and processing delay still exist as well as these existing centralized systems for charities are so corrupt that people lose belief in these trustless systems and hence the charities become futile. This paper explores how the blockchain can be leveraged in the philanthropic sector, through charitable donation services via a web- based donor platform.