Scholar Block: Enhancing Corporate Social Responsibility through a Blockchain-Based Scholarship System
Swati V. Jadhav, Nitin Namdeo Pise, Parth Karwa · 2023
Philanthropic sector is currently facing a growing demand for heightened transparency and accountability. Blockchain technology offers substantial potential to transform the management of donations by leveraging the capabilities of permissioned blockchain networks. The platform is designed to establish transparency, traceability, and security in philanthropic transactions. Furthermore, a case study is presented that exemplifies the real-world application of this platform, focusing on the allocation of significant resources by corporate industries in alignment with the Corporate Social Responsibility (CSR) Clause. Implementing a donation platform based on Hyperledger technology can result in reduced operational costs and streamlined resource allocation, thereby enhancing efficiency within the philanthropic sector.