Decentralized Application for Fundraising in Healthcare Using Blockchain Technology
- Authors: Shikha Jain1, Deepanshu Singh2, Yashraj Mishra3, Yash Modi4
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View Affiliations Hide Affiliations1 Kiet Group of Institutions, Delhi Ncr, Ghaziabad, Uttar Pradesh 201206, India 2 Kiet Group of Institutions, Delhi-Ncr, Ghaziabad, Uttar Pradesh 201206, India 3 Kiet Group of Institutions, Delhi-Ncr, Ghaziabad, Uttar Pradesh 201206, India 4 Kiet Group of Institutions, Delhi-Ncr, Ghaziabad, Uttar Pradesh 201206, India
- Source: Demystifying Emerging Trends in Green Technology , pp 107-119
- Publication Date: February 2025
- Language: English
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The advancement of contemporary technologies has provided individuals and organizations with the means to gather financial resources in order to meet their health-related requirements. The finance framework for addressing health-related requirements is centralized, with a single governing body making choices on behalf of everyone. However, this centralized approach often results in inefficiencies and trust concerns. Tracing the entire system is crucial in order to address the trust issue, which has a negative impact on the process. In this study, we implement a mechanism that empowers each individual to independently collect funds and carry out their operations, thereby eliminating the control exerted by the inefficient central institution. This facilitates fundraising in the health industry with more transparency, providing donors with exact visibility into how funds flow from the donor to the beneficiary. This utilization of the public and unchangeable characteristics of blockchain enhances efficiency.
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