Blockchain and Its Implementation for Charitable Organizations

Abstract

Trust and transparency are the basics of any nonprofit or non-financial organizations. It is believed that charities that are accountable and transparent are more likely to act with integrity because they want donors to know that they’re trustworthy. Keeping in mind the fact of transparency and integrity, block chain is the state-of-the-art technology which has given solution to the problem mentioned before. In this paper the use of proof of authority as a consensus protocol in Ethereum blockchain platform is proposed. A detailed tutorial of blockchain mechanism along with the detailed comparison of three main platforms bitcoin, Ethereum and Hyperledger in which blockchain has been explored a lot. Furthermore, there is a detail overview of how blockchain has flourished itself in various fields of non-profit and non-financial organizations. Finally, we have proposed an economical model along with the framework which uses less computational power.