References & Citations
Computer Science > Cryptography and Security
Title: DonationChain: A New Platform for Blockchain-Based Donation-Tracking System
(Submitted on 6 Nov 2023 (v1), revised 26 Nov 2023 (this version, v2), latest version 28 Mar 2024 (v3))
Abstract: A donation-tracking system using smart contracts and blockchain technology has the potential to revolutionize the way charitable giving is tracked and managed. This article explores how smart contracts and blockchain can be used to create a transparent and secure ledger for tracking charitable donations. We discuss the limitations of traditional donation systems and how a blockchain-based system can help overcome these challenges. We describe how smart contracts work, how they can be used in donation tracking, and the benefits they offer, including automated processes, reduced transaction fees, and increased accountability. We also discuss how blockchain technology provides a decentralized and tamper-proof ledger that can increase transparency and help prevent fraud. Finally, we examine some of the challenges that must be addressed when implementing a smart contract-based donation tracking system, such as the need for technical expertise and the potential for security breaches. Overall, a donation-tracking system using smart contracts and blockchain has the potential to increase trust and accountability in the donation process, which can ultimately help ensure that donations are used for their intended purposes.
Submission history
From: Murtaza Cicioğlu Mr [view email][v1] Mon, 6 Nov 2023 22:18:32 GMT (1559kb)
[v2] Sun, 26 Nov 2023 19:18:59 GMT (1559kb)
[v3] Thu, 28 Mar 2024 07:19:02 GMT (1330kb)
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