GOVERNMENT FUND DISTRIBUTION AND TRACKING SYSTEM USING BLOCKCHAIN TECHNOLOGY
Sahil Siddharth Jambhulkar, Vishakha Prashant Ratnaparkhi · Journal of Emerging Technologies and Innovative Research · 2020
Governments need to cater to a huge number of responsibilities of a state. The working of state governments involves huge number of transactions towards various operations that need to be carried out throughout the state. This includes new projects, repair and maintenance works, awarding contracts, paying of government employees, farmer schemes and so on. A major hurdle that the top government face is the low level corruption that is sometimes impossible to track which deprives the state progress. Tracking it is a very difficult task due to the current system. Here we propose a smart system to track funds allocated to the state government as they travel through the government process at each stage. We here make use of blockchain technology to secure the transactions at every stage while maintaining transparency in every transaction sealing every transaction with proofs as the funds move ahead. Blockchain, originally block chain, is a growing list of records, called blocks that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. In this project researcher use Blockchain Algorithms for security like AES for Encryption and Decryption By design, a blockchain is resistant to modification of the data. In this paper we propose a system to track funds allocated to the government as they travel through the government process at each stage using Key pair generation algorithm, Metadata file decryption and Data verification algorithms. This system uses block-chain technology to maintain the transparency & security at every stage as the funds move ahead. This system allows us to maintain the crystal clear record with all users who are connected in the chain to transaction the data on a need to know basis. The system makes use of encryption to secure transactional data using hash values to maintain a block of transactions in a chain manner, which is maintained & verified by every node involved to verify the transaction and save the data in a transparent form within the government. The system allows for a full proof, secure & authentic fund allocation & fund tracking system help to form an incorruptible government procedure.