Blockchain in Charity: Platform for Tracking Donations Avdoshin Sergey, Pesotskaya

Prezentacja programu PowerPoint Blockchain in Charity: Platform for Tracking Donations Avdoshin Sergey, Pesotskaya Elena Blockchain in Charity: Platform for Tracking Donations Avdoshin Sergey, Pesotskaya Elena The problem: lack of trust among potential donors • The continuous decline in trust on the part of potential donors is justifiable: according to Essential Research 35% of citizens have littl. [...] • Too much lag between the time of receiving a donation and the provision of assistance, due to the ineffective fund management Conclusion Due to its ability to control and monitor information, distributed register technology has also become useful in charity as it provides each stakeholder with an opportunity to track the movement of funds and evaluate the work of each link in charity work. [...] year worldwide on blockchains by 2027 Complicating matters, organizations transferring funds internationally may lose from 3% up to 10% of the (2.4 % to $449.6 funds in transaction fees and bln in US) inefficiencies caused by having to go through multiple intermediaries such as banks, agencies, and governments. [...] Ability to track cash flows with out geographical restrictions or legal barriers to transfer funds Secure and guaranteed payments, supported with decentralized cryptographic protocols Higher speed of receiving a donation and provision of assistance due to the absence of intermediaries Cost reduction due to low transaction fees, the absence of taxation on cryptocurrency Reporting provided to the do. [...] However, donors wishing to publicly recognize or incentivize others Proposed Solution: Modified donation route (with Blockchain) Now the donation route that many funds use is “manual” and non-transparent Proposed Solution: Modified donation route (with Blockchain) We implement the functionality of donation tracking and modify the existing donation scheme by adding the database, cloud storage and b.