Empowering Donors: How Blockchain Technology Can Help Ensure Their Contributions Reach the Right Recipients

Abstract

Charity giving is a fundamental aspect of society, but there are concerns about the accountability and transparency of the donation process. Blockchain technology has emerged as a potential solution, offering a secure and auditable platform for managing charitable contributions. In this paper, we explore the concept of empowering donors through blockchain technology and examine how it can help ensure that contributions reach the right recipients. We review existing literature on the topic and identify key areas for future research, including the development of hybrid blockchain solutions along with the implementation of novel consensus mechanisms. Moreover, providing the idea of decentralized autonomous organizations, self-executing smart contracts, and integration of blockchain with artificial intelligence and Internet of things. By providing a comprehensive overview of the current state of the field and outlining a roadmap for future research, we hope to stimulate further exploration of the potential of blockchain technology to revolutionize charity giving, and create a more accountable and transparent system for managing charitable funds. Some research questions are designed for each novel idea. Our analysis suggests that blockchain has the potential to empower donors and ensure that their contributions make a positive impact in the world, but further research is needed to fully realize its potential.