Fundraising Tracking System Using Blockchain
Prof. Sumit Shevtekar, Ajay Raut, Pranit Chaudhari · International Journal of Scientific Research in Computer Science Engineering and Information Technology · 2022
People no longer trust charities as a result of the lack of openness, which has caused social investment to stagnate. The donor is unaware of how his money is being used legally. Mistrust of the donor is increased by corruption. In this study, a decentralised network named Charity-Chain that is based on the Ethereum blockchain is proposed. By employing smart contract-based incentives to ensure that their impact is independently validated and available to everyone, it aids social organisations in managing initiatives transparently. For funders (philanthropic organisations, impact investors, and small donors), this makes it much simpler for them to monitor their transactions and, as a result, restore their trust in funding these types of social organisations.