Abstract: Charity is the key in assisting folks. But sometimes money handling issues arise. We've created a novel technology in trend known as blockchain for improvement. This technology ensures that all monetary transactions are ultra-secure and transparent which boost people’s trust.
Our unique web application employs the blockchain to optimize charity operations. Imagine it as a quick and secure cash highway connecting willing donors to needy recipients. This boosts confidence and addresses concerns like added fees and sluggish procedures common on conventional donation platforms. Consequently, charities become more efficient and benefit everyone.
The key concepts in the project include Consensus algorithm, Hashing algorithm, Key Cryptography. Consensus algorithm gives you the assurance that all the nodes in a blockchain agree on a single, valid transaction history. Hashing algorithm provides a mechanism to convert a given data into fixed size, it has unique hash code for data integrity verification. SHA-256(Secure Hash Algorithm 256-bit) is the most widely used in blockchain technology.
Blockchain era guarantees that each one of the transactions are recorded and cannot be altered which results in decreasing the hazard of fraud or misuse of funds. This builds trust among donors in understanding that their contributions are getting used for their meant purpose. By putting off intermediaries and streamlining the donation system. Blockchain reduces administrative expenses for charities. In this manner, more of the donated cash will directly go to the needy once. This will make charitable efforts more impactful.
Keywords: Blockchain, Cryptography, Consensus algorithm, Hashing algorithm, Transparency.
Cite:
Subodh Pisal, Arya Kulkarni, Vaishnavi Karpe, Shreyas Pardeshi, Mrs.Sairabi Mujawar, "Assurance of Transparency In Charity Using Blockchain", IJARCCE International Journal of Advanced Research in Computer and Communication Engineering, vol. 13, no. 2, 2024, Crossref https://doi.org/10.17148/IJARCCE.2024.13237.
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DOI:
10.17148/IJARCCE.2024.13237
