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Decentralized Charity Fundraising Platform with Blockchain Integration
  1. case
  2. Decentralized Charity Fundraising Platform with Blockchain Integration

Decentralized Charity Fundraising Platform with Blockchain Integration

effectivesoft.com
Non-profit

Challenges Faced by Non-Profit Organizations in Traditional Fundraising Methods

Non-profit organizations experience high transaction fees, lack of transparency in fund allocation, limited global reach, and slow fund transfer processes. These issues hinder the efficiency, trust, and effectiveness of their fundraising efforts, reducing the overall impact of charitable activities.

About the Client

A coalition of international charitable organizations seeking to modernize and optimize their fundraising processes through blockchain technology.

Goals for Enhancing Transparency, Efficiency, and Reach in Fundraising

  • Reduce transaction costs by eliminating or minimizing platform fees through blockchain-based solutions.
  • Increase transparency in fund allocation and usage to build donor trust and encourage repeat contributions.
  • Expand the geographical reach of fundraising efforts to attract a global donor base.
  • Accelerate fund transfer and allocation processes for timely project implementation.
  • Implement secure and transparent smart contract architecture for managing donations, staking, and withdrawals.
  • Leverage blockchain interest-earning protocols to maximize donated funds without additional costs.

Core Functional Specifications for Blockchain-Powered Donation Platform

  • Donation Contract: Secure handling and recording of incoming donations.
  • Staking Contract: Integration with interest-earning protocols (e.g., lending platforms) to grow donated funds over time.
  • Multisignature Contract: Enhanced security requiring multiple approvals for fund withdrawals.
  • Server-side Logic: Optimized read requests and caching mechanisms for faster data retrieval.
  • Responsive User Interface: User-friendly frontend for making donations, tracking progress, and transparency purposes.
  • Fund Lifecycle Management: Automated processes for donation, staking, interest accrual, and controlled withdrawal upon project goals.

Technology Stack and Architectural Preferences

Smart Contracts: Solidity
Backend Development: Node.js, Golang
Interest Protocol Integration: Lending platforms such as Aave
Frontend Development: React or React Native for web and mobile applications

External Systems and Protocols for Seamless Operation

  • Decentralized lending protocols (e.g., Aave) for staking and interest accrual
  • Blockchain infrastructure providers for deployment and security
  • Potential analytics or dashboards for real-time tracking and reporting

Performance, Security, and Scalability Criteria

  • High security standards with multisignature transaction approvals to prevent unauthorized fund access
  • Scalability to support increasing numbers of donors and transactions
  • Robust performance with fast data retrieval, employing caching and optimized server-side logic
  • Transparent audit trail for all transactions and fund movements on the blockchain

Anticipated Business Improvements from Blockchain Fundraising Platform

The new platform is expected to significantly enhance fundraising efficiency by reducing platform and transaction fees, increase donor trust through blockchain transparency, expand global reach attracting more donors worldwide, and accelerate fund deployment for charitable projects. Based on prior models, the platform could facilitate increased donation volumes and faster project launches, ultimately amplifying the social impact of the non-profit coalition.

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