IJIASE

INTERNATIONAL JOURNAL OF INNOVATIONS IN APPLIED SCIENCES & ENGINEERING

International Peer Reviewed (Refereed), Open Access Research Journal

(By Aryavart International University, India)

E-ISSN:2454-9258 | P-ISSN:2454-809X | Estd Year: 2015

Impact Factor(2021): 5.246 | Impact Factor(2022): 5.605

ABSTRACT

Employability Of Blockchain Technology In Developing A Novel Crowdfunding And Charity Platform

Tejas Thakral

Vol. 7, Jan-Dec 2021

Page Number: 249 - 261

Abstract:

This research paper addresses the common oversight and transparency issues faced by nonprofit organizations globally by proposing a revolutionary charity system that makes use of blockchain technology. The current state of crowdfunding is unregulated, which has resulted in fraudulent campaigns and postponed project completions, negatively affecting the public's desire to donate. This study demonstrates the creation and validation of a blockchain-based charity platform on the Ethereum network by providing a detailed architecture, foundation, and operational procedures, using blockchain funding ethers. By creating a more dependable and effective way for the charity sector to execute online transactions and gifts, the use of this technology seeks to increase public trust, improve transparency in charitable activities, and ultimately advance humanitarian endeavors.

References

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