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Abstract: This research paper examines blockchain technology’s reframing capabilities in fundraising, with a pivot to using Internet Computer as a decentralized platform. By comparing various blockchain networks such as Ethereum, Bitcoin, and Hyperledger, while examining the main characteristics of blockchain, this paper illuminates the advantages and challenges of each network in the realm of fundraising. Traditional fundraising platforms are collated with blockchain-based alternatives, emphasizing the benefits of security, transparency and efficiency awarded by blockchain technology. Moreover, this paper presents a feature to improve transparency and confidence within blockchain-based fundraising platforms: the ability for charities to upload government-issued tax exemption certificates. These certificates, when uploaded, will be accessible to all platform users, delivering supportable evidence of the charitable status of partaking organisations. This feature seeks to infuse trust among donors and encourage informed decision-making while promoting accountability and integrity within the fundraising ecosystem. Via a thorough study of blockchain technology, relative platform evaluations, and the introduction of ingenious features, this research donates to extending our understanding of the possible impact of blockchain on fundraising approaches and highlights the significance of transparency and trust in charitable efforts
Chougule et al. (Fri,) studied this question.