Fund Tracking System using Blockchain Technology

Abstract

Nowadays many transactions are being executed by the individuals without bringing it to the notice of the higher authorities. The higher authorities are unaware of what their officials are doing with the funds released to respective departments for the welfare of citizens. To stop such corrupt activities by the officials and bring in transparency in the system so that no manipulation of data or transaction happens at any point of time, a decentralized system needs to be developed for the various departments in which every stake holder is aware of every transaction that happens in the department. We propose to use Blockchain technology for the above problem and the use case considered is the Fund Tracking System. We have developed a Proof of concept on Ethereum platform with suitable smart contracts.