Blockchain Technology has innumerable benefits
such as timestamp, accountability, transparency, high secured,
highly scalable. It maintains a distributed and immutable
ledgerfor transactions managed by multiple participants. NonProfitorganizations work towards the welfare of society and
aim to address various social and environmental causes. NonProfit organizations work towards the welfare of society the
organization earns the money as donation and utilized to
address various social and environmental issues. Now-a-days
we observe that diminishing number of donors because lack of
transparency in utilization of funds. A blockchain is used to
manage the traceability and safety of the donation. It is a
digital ledger system that operates in a decentralized manner,
recording transactions among numerous parties in a manner
that can be verifiable, immutable, transparent, and secure
manner. The proposed paper is a decentralized system which is
built on Solana Blockchain using Rust smart contracts, which
provides improved accuracy, transparent nature and donors
are easily to track the assets and it mainly focuses on
conserving of gas fee of blockchain while compared to
Ethereum blockchain.
Keywords : Charity accountability, Blockchain technology, Solana blockchain, Smart contracts, Cryptocurrency, Web3, Transparency, Donation traceability, Philanthropy services, Donor trust.
Author : R. Yashwanth Ram Kumar, G. Sri Lakshmi, K. Venkata Siva Sai, V. Rani Keerthana, Md. Mubeena
Title : Ensuring Charity Accountability Through Blockchain Technology
Volume/Issue : 2024;06(04)
Page No : 1-5