Abstract

The present disclosure provides a secure and trustworthy system and method of providing charitable contributions using cryptocurrencies. Initially, a registration request may be received from a donor. The request may be received by a node in a private consortium blockchain. Also, a registration request from the recipient family may be received by a node in the private consortium blockchain. The registration request may include sensitive information of the recipient family which is verified by one or more members operating in the private consortium blockchain as being a legitimate recipient family of a charitable donation for a cause. Further, the node of the blockchain network may write a recipient identifier with the cause to the private consortium blockchain. The node of the blockchain network may receive a request to donate an amount of cryptocurrency from the donor to the recipient family. Finally, the node of the blockchain network facilitates a transfer of an amount of cryptocurrency from the donor to the recipient family, which uses a public cryptocurrency blockchain.

Creative Commons License

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

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