Fundraising Tracking System for NGOs Using Blockchain

Abstract

Abstract: NGOs in developing nations get financing from donor agencies for various goals, including disaster assistance, education advancement, women’s empowerment, and economic development. However, due to reports of fund misuse and record irregularities, some donor agencies have lost faith in these NGOs.For example, in education funding, some students appear onthe records of multiple NGOs as beneficiaries, even though only one NGO should be paying for a specific student, so here blockchain plays an important role, The lack of transparencyin charities has resulted in a decrease in social investment and a decrease in donor confidence, as donors are frequently uninformed of how their donations are being used. Corruption exacerbates this skepticism. To address these challenges, the Charity-Chain decentralized network has been suggested, which will use the Ethereum blockchain and smart contract-based incentives to validate the impact of social organizations. This improved transparency would help funders, such as charitable organizations, impact investors, and small donors, to more readily monitor their transactions and re-establish trust in these social organizations.