Proposed Solution for Trackable Donations using Blockchain

Abstract

The lack of transparency has made people lose trust in charities, making social funding stagnant. The donor is unaware of the legitimate utilization of his funds. Corruption adds to the distrust of the donor. This paper proposes a system called Charity-Chain that is a decentralised network built on the Ethereum blockchain. It helps social organisations to run projects transparently, using smart contract-based incentives to ensure their impact is independently verified and accessible to everyone. This makes it much easier for funders (philanthropic organisations, impact investors, small donors) to monitor their transactions and hence restore their trust in giving to such social organizations.