Funding Blocks using Tezos Blockchain

Abstract

Disasters and pandemics have adverse effects on both lives and economies, requiring timely and adequate funding for relief efforts. However, traditional donation systems often face challenges such as funding delays and public distrust. This paper proposed Funding Blocks (FunB)s, a decentralized donation software built on the Tezos blockchain (TzBlockchain). It ensures transparency, accountability, and security in a trustless environment. Smart contracts powered by the Tezos network’s proof-of-stake consensus algorithm facilitate automatic tamper-proof execution of donation transactions. This helps in eliminating intermediaries and reducing administrative costs. The platform’s decentralized nature enhances scalability and resilience, enabling swift response to global calamities. It offers a user-friendly interface for direct contributions, incorporating mechanisms to verify and validate charitable organizations. It also provides real-time tracking of funds, ensuring transparent visibility to donors. By leveraging blockchain technology, FunBs addresses funding challenges, accelerates response times, and enhances the efficiency of disaster relief efforts. This model contributes to creating a sustainable and resilient funding ecosystem that empowers individuals and organizations to make secure and transparent contributions during crises