Blockchain-Based Transparent Charitable System: A New Era of Ethical Giving

Abstract

Charity, a universal moral duty involving substantial monetary donations for philanthropic causes, often grapples with issues of transparency and accountability within charitable organizations, causing donor concerns about the impact of their contributions. A solution lies in leveraging blockchain technology, which provides a decentralized and secure donation management system. It records each transaction on an immutable ledger, guaranteeing that funds reach their intended recipients and employs smart contracts to automate and streamline the process, reducing administrative costs and ensuring more of the funds directly benefit beneficiaries. This approach not only ensures transparency and accountability but also serves as a strong barrier against fraud, potentially revolutionizing the charity sector by reestablishing donor trust and facilitating more effective, accountable, and sustainable charitable initiatives.