Investigating the Charity Funding System using Blockchain Technology

Abstract

Corruption is one of the biggest evils in society. Most of the black money of the world is transacted through Nongovernment organisations and charities. Though, the intention of a few genuine people who want to help the society could be misused by others. In this context, this paper proposes a solution for the online charity system using blockchain technology. The donations made by any donor can be traced and maintained on the blockchain system. The system takes the real money and converts it to virtual tokens and all the transactions done on the systems are done in form of tokens. These tokens are donated by donors and when these tokens are distributed to receivers, there are various algorithms implemented to distribute the tokens. The comparison of proposed algorithms is evaluated and analyzed based on execution time and execution cost.