Potential applications of smart contract technology in subsidy distribution (source code for data structures and problem solving using solidity). (7th January 2021)

• Record Type: Journal Article
• Authors: Saatian, Armin
• Is Part Of: International journal of blockchains and cryptocurrencies. Volume 1:Number 4(2020)
• Page Start: 329
• Page End: 341
• Publication Date: 2021-01-07
• Subjects: subsidy -- blockchain -- smart contracts -- solidity -- Ethereum -- audit -- government -- decentralisation -- digital currency -- social security; Blockchains (Databases) -- Periodicals; Cryptocurrencies -- Periodicals; Electronic funds transfers -- Periodicals; 332.404
• Languages: English
• ISSNs: 2516-6425

Abstract

The way governments distribute subsidies in terms of targeting and their effects on public economics has always been one of the biggest management challenges, especially in developing countries. The purpose of this research is to outline the application of blockchain technology in the context of the subsidies distribution through the transfer of digital currency; also, a blockchain-based targeted subsidy system has been performed under the Ethereum network using solidity language. The written program is based on a platform extracted from the library research method and through the research conducted over recent years. This study aims to achieve an intelligent, autonomous, and self-executing subsidy distribution system. Furthermore, this study can make it possible for governments to provide a subsidy payment platform that can prevent data manipulation due to its decentralised nature, create a more reliable method for subsidy payments, and increase transparency in the distribution of subsidies.