Government Fund Distribution and Tracking System-Using Blockchain

Authors

  • Saket Sharma  Department of Computer Engineering, Dr. D. Y. Patil School of Engineering, Lohegoan, Savitribai Phule Pune University, Pune, Maharashtra, India
  • Devendra Rathi  Department of Computer Engineering, Dr. D. Y. Patil School of Engineering, Lohegoan, Savitribai Phule Pune University, Pune, Maharashtra, India
  • Raj Jaiswal  Department of Computer Engineering, Dr. D. Y. Patil School of Engineering, Lohegoan, Savitribai Phule Pune University, Pune, Maharashtra, India
  • Farah Sayyed  Department of Computer Engineering, Dr. D. Y. Patil School of Engineering, Lohegoan, Savitribai Phule Pune University, Pune, Maharashtra, India
  • Gourav Tiwari  Department of Computer Engineering, Dr. D. Y. Patil School of Engineering, Lohegoan, Savitribai Phule Pune University, Pune, Maharashtra, India

Keywords:

Blockchain, Security, Transparency, Encryption, Government Funds, Cryptography.

Abstract

A blockchain is originally a growing list of records, called blocks that are linked by cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to data modification. In this, we propose a system to track the funds allocated to the government as they travel through the government process at each stage. This system uses blockchain technology to maintain transparency and security at every stage as funds progress. This system allows to keep a clear record with all the users that are connected in the chain to carry out data transactions as necessary. The system uses encryption to secure transactional data using hashes to maintain a block of transactions in a way that is maintained and verified by each node involved to verify the transaction and save the data transparently within the government.

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International Journal of Scientific Research in Science, Engineering and Technology

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Published

2020-04-30

Issue

Volume 5, Issue 10, March-April-2020

Section

Research Articles

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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
Saket Sharma, Devendra Rathi, Raj Jaiswal, Farah Sayyed, Gourav Tiwari "Government Fund Distribution and Tracking System-Using Blockchain" International Journal of Scientific Research in Science, Engineering and Technology (IJSRSET), Print ISSN : 2395-1990, Online ISSN : 2394-4099, Volume 5, Issue 10, pp.194-201, March-April-2020.