A framework to make charity collection transparent and auditable using blockchain technology. (May 2020)

• Record Type: Journal Article
• Authors: Farooq, Muhammad Shoaib; Khan, Misbah; Abid, Adnan
• Is Part Of: Computers & electrical engineering. Volume 83(2020)
• Publication Date: 2020-05
• Subjects: Blockchain charity solution -- Secure charity collection -- Creating trust in charity processes -- Auditable charity process -- Adding transparency in charity collection -- Smart contract; Computer engineering -- Periodicals; Electrical engineering -- Periodicals; Electrical engineering -- Data processing -- Periodicals; Ordinateurs -- Conception et construction -- Périodiques; Électrotechnique -- Périodiques; Électrotechnique -- Informatique -- Périodiques; Computer engineering; Electrical engineering; Electrical engineering -- Data processing; Periodicals; Electronic journals; 621.302854
• DOI: 10.1016/j.compeleceng.2020.106588
• Languages: English
• ISSNs: 0045-7906

Abstract

Abstract: Charity is considered as a moral obligation throughout the world, and a huge amount of money comes into circulation in the name of charity. In most of the cases, the charity collection processes are not transparent, and due to this the charitable organizations struggle to gain donors' trust and interest. This article presents a blockchain-based charity management platform that aims to provide a transparent, secure, auditable, and efficient system. The proposed platform comprehensively covers charity collection process using crypto wallets, Initial Coin Offering (ICO), economic model, and introduces CharityCoin (CC) as a digital currency. Furthermore, smart-contracts for pertinent use cases have also been provided, which include exchanging fiat currency to CC, buying and selling CC, transferring CC to organizations and individuals, and call for donations. Finally, the performance evaluation shows that proposed architecture scales well for large data size.