Blockchain-Empowered Decentralized Philanthropic Charity for Social Good

Istiaque Ahmed, Kai Fumimoto, Tadashi Nakano and Thi Hong Tran ()
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Istiaque Ahmed: Graduate School of Informatics, Osaka Metropolitan University, Osaka 558-8585, Japan
Kai Fumimoto: Graduate School of Engineering, Osaka City University, Osaka 558-8585, Japan
Tadashi Nakano: Graduate School of Informatics, Osaka Metropolitan University, Osaka 558-8585, Japan
Thi Hong Tran: Graduate School of Informatics, Osaka Metropolitan University, Osaka 558-8585, Japan

Sustainability, 2023, vol. 16, issue 1, 1-17

Abstract: The charity sector impacts society significantly in many areas, including providing education, healthcare, hunger relief, drinking water, disaster relief, environmental preservation, and assistance to underserved people. The existing charity organizations have numerous limitations, such as poor management, high operation costs, and a lack of transparency in the donation execution flow. The authentication of users and institutions is a big problem in the existing system. This research resolves the issues of transparency and reliability with an immutable and traceable distributed ledger. We empower the existing centralized charity works with the electronic know-your-customer (eKYC) authentication approach and cryptographic HASH. Information privacy is implemented using the filters within smart contracts. The implementation of eKYC to ensure authenticity and to secure data flow through the channel are two significant contributions of this work. A coin-toss function for data selection and a random time delay between pieces of data are used to avoid attacks based on guesswork. We aim for this framework to send 100% of donations to the beneficiaries and become a hyper-liquid medium to fill the United Nations Sustainable Development Goals (SDG) funding gap. We also introduce the concept of service charity to broaden the ability for people to offer their services and skills as charity.

Keywords: charity; transparency; authentication; smart contract; blockchain (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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