TRACKING FUNDS? USAGE USING BLOCKCHAIN TECHNOLOGY

Abstract

Corruption in Government agencies is quite common and not traceable. Funds used for different Government projects are not utilized optimally, rather these funds are used in illegal or personal expenses of corrupt entities present in the organization. This results in the loss of common people as they don’t actually get what they were promised. Blockchain is a distributed, decentralized ledger which stores records in the form chain of blocks which are cryptograhically secure. The use of Blockchain in Government fund allocation system can eliminate corruption as there will be transparency, and we will be able to track the usage of funds easily.