Blockchain based Trusted Charity Fund-Raising
Ashutosh Ashish Khanolkar1, Ashish Rajendra Gokhale2, Amrish Sanjay Tembe3, Vinayak A. Bharadi4
1Ashutosh Ashish Khanolkar*, Department of Information Technology, Finolex Academy of Management and Technology, Ratnagiri, India.
1Ashish Rajendra Gokhale, Department of Information Technology, Finolex Academy of Management and Technology, Ratnagiri, India.
1Amrish Sanjay Tembe, Department of Information Technology, Finolex Academy of Management and Technology, Ratnagiri, India.
1Dr. Vinayak A. Bharadi, Department of Information Technology, Finolex Academy of Management and Technology, Ratnagiri, India.
Manuscript received on July 02, 2020. | Revised Manuscript received on July 05, 2020. | Manuscript published on July 30, 2020. | PP: 45-50 | Volume-10 Issue-1, July 2020. | Retrieval Number: A34540710120/2020©BEIESP | DOI: 10.35940/ijsce.A3454.0710120
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: 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.
Keywords: Charity, Blockchain, Cryptocurrency, Ethereum, Ethash