International Research Journal of Engineering and Technology (IRJET)
e-ISSN: 2395-0056
Volume: 09 Issue: 09 | Sep 2022
p-ISSN: 2395-0072
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A REVIEW ON BLOCKCHAIN BASED CHARITIES Anjali Ghutke1, Snehal Shende2, Vaibhav Ghugase3,Samyak Meshram4 Department of Computer Science and Engineering, JD College of Engineering and Management Nagpur - 441501, DBATU Autonomous, Lonere, Maharashtra, India. (Professor Rahul Bambodkar, Department of CSE, JDCOEM, Nagpur, 441501) ---------------------------------------------------------------------***--------------------------------------------------------------------Charities are non-profitable organizations established Abstract - The charity organizations lack the transparency
worldwide to profit societies. Generous donors primarily fund them with no direct economic impact on the organizations. Eventually, small organizations like student unions also donate some money to charities for a specific purpose. Thus, charities have the responsibility to distribute the money to the beneficiaries. According to the research of the National Research University Higher School of Economics, 57% of people make donations. A donor has the right to demand a report on the expenditure of funds, 30 % of donors follow the path of their donations.
that’s why donors distrust how donated money is spent. Blockchain technology is something we’ve been hearing about a lot these days. That gained popularity with Bitcoin, and soon seeped into mainstream business applications. This Blockchainbased system will make all the transaction processes Transparent to build trust between Donors and charitable foundations.
Key Words:
Blockchain, Charitable Transparency, Tracking Donation.
Foundations,
1. INTRODUCTION
2. Blockchain Technology
The proposed system is an Ethereum-based blockchain project aimed at ensuring complete transparency in charity transactions along with other technologies to design a trusted framework which would enable charity donations to be as accountable, trustworthy, and transparent. The study examines the possibility of integrating blockchain technology into current organisations to facilitate the efficient transfer of charitable donations from donors to the actual indigent individuals utilising a reliable Ethereumbased Blockchain oriented platform. An objective of this Blockchain based charity management system is to Increase the transparency of charitable foundations by creating a common platform based on blockchain technology that will provide transparent, secure and trustful platform for charity donations by minimizing the frauds and middle-party interference between the transactions.
As the basic technology of Bitcoin, blockchain is decentralized, non- tamper able, anonymous and traceable, that has great potential in transforming traditional industries. Blockchain provides the list of records, called as blocks in the form of hash values that are securely linked to each other using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data it is generally represented as a Merkle tree, where data nodes are represented by leaves. The timestamp proves the transaction timing when data is inserted. The block contains information about the previous block and its original block, they form a chain, with each additional block reinforcing the ones before it. The proof of work is validating the transaction. All the transactions within the new block are then validated and therefore the new block is then added to the blockchain. Hence, blockchain is resistant to modification of their data because once recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks. The process of verifying the transactions in the block to be added, organizing these transactions in chronological order in the block, and announcing the newly mined block to the entire network doesn't take much energy and time.
Figure 1: Blockchain and Trust
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