Multi-point Fundraising and Distribution via Blockchain

Abstract

Trust and transparency are significant facets that are much esteemed by charitable organizations in achieving their mission and encouraging donations from the public. However, after many high-profile scandals, the faith in charities is questionable, heralding the need for an increased level of transparency among such organizations. Fortunately, leveraging Blockchain technology in charities' systems could help to rebuild the integrity of these organizations. This study aims to raise the level of integrity showcased by charities by creating a multi-point fundraising approach using smart contracts. The proposed system offers a transparent fundraising platform through its integration of charity organization evaluators. Various steps were deployed to satisfy the intended target. Firstly, the study investigated the potentials of Blockchain in improving the level of transparency. Secondly, a probing process was undertaken to choose a suitable platform as a server-side in the system. This process involved garnering salient features in Blockchain platforms based on the proposed system requirements. After the probing process, a Decision Support System (DSS) was utilized to investigate the most suitable Blockchain platform. Results garnered proved that the Ethereum platform is best for the proposed system.