Government Fund’s Allocation and Tracking System Using Blockchain Technology

Abstract: Blockchain is a system of Tran scripting information in a way that makes it difficult or impossible to change, hack, or cheat the system. To make sure the money which is being allocated for the purpose of betterment reaches its source without being malpractice is challenging, particularly from the perspective of a large number of gateway it has to pass through. Blockchain provides one potential mechanism for solving this problem. Blockchain technology allows one to make the process of transactions of funds transparent. It is a public ledger to which everyone has access but control of ledger does not lie with a central authority. One can get transparency, accountability and trust by using blockchain technology to perform digital transactions. A single platform for tracking that will track all the allocated fund need to be developed. The paper survey’s the uses of blockchain technology in real-life commercial applications and proposes a method that shall be used to allocate and track public funds using blockchain technology. Keyword: Blockchain, Authority, Fund Tracking, Blockchain applications, Transparency