Decentralized Application for Fundraising in Healthcare Using Blockchain Technology

Abstract

The advancement of contemporary technologies has provided individuals and organizations with the means to gather financial resources in order to meet their health-related requirements. The finance framework for addressing health-related requirements is centralized, with a single governing body making choices on behalf of everyone. However, this centralized approach often results in inefficiencies and trust concerns. Tracing the entire system is crucial in order to address the trust issue, which has a negative impact on the process. In this study, we implement a mechanism that empowers each individual to independently collect funds and carry out their operations, thereby eliminating the control exerted by the inefficient central institution. This facilitates fundraising in the health industry with more transparency, providing donors with exact visibility into how funds flow from the donor to the beneficiary. This utilization of the public and unchangeable characteristics of blockchain enhances efficiency.