Trustful Charity Foundation platform based on Hyperledger Fabric

Abstract

Charity plays a significant role in our society and is considered by many people as the most common way to repay our social debt. Therefore a significant amount of donated funds circulate around the world. In recent years, there has been an increase in the number of non-profit organizations and charitable foundations collecting funds for various charity needs. Unfortunately, the reputation of charity organizations is often undermined by the actions of unscrupulous organizations. Significant reputational damage caused by cases of fraud and corruption reduces the level of trust and decreases the amount of collected funds. We strongly believe that blockchain technology can help charity organizations to build trust, increase efficiency and transparency. We are presenting a blockchain-based charity foundation platform implemented on the top of Hyperledger Fabric. This paper examines the significance of blockchain technology for modern philanthropy. We believe that a blockchain-based platform can mobilize new actors to participate in charity activities by increasing transparency and building trust.