Manuscript Number : CSEIT194828
Government Fund Distribution and Tracking System
Authors(5) :-Saket Sharma, Raj jaiswal, Davendra Rathi, Farah Sayyed, Gaurav Tiwari A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data. In this we propose a system to track funds allocated to the government as they travel through the government process at each stage. This system uses block-chain technology to maintain the transparency & security at every stage as the funds move ahead. This system allows o maintain the crystal-clear record with all users who are connected in the chain to transaction the data on a need to know basis. The system makes use of encryption to secure transactional data using hash values to maintain a block of transactions in a chain manner which is maintained & verified by every node involved to verify the transaction and save the data in a transparent form within the government. The system allows for a full proof, secure & authentic fund allocation & fund tracking system help to form an incorruptible government procedure.
Saket Sharma Blockchain, Security, Transparency, Encryption, Government Funds, Cryptography. Publication Details Published in : Volume 4 | Issue 8 | September-October 2019 Article Preview
Student, Department of Computer Engineering, Dr. D. Y. Patil School of Engineering, Lohegoan, Savitribai Phule Pune University, Pune, Maharashtra, India
Raj jaiswal
Student, Department of Computer Engineering, Dr. D. Y. Patil School of Engineering, Lohegoan, Savitribai Phule Pune University, Pune, Maharashtra, India
Davendra Rathi
Student, Department of Computer Engineering, Dr. D. Y. Patil School of Engineering, Lohegoan, Savitribai Phule Pune University, Pune, Maharashtra, India
Farah Sayyed
Student, Department of Computer Engineering, Dr. D. Y. Patil School of Engineering, Lohegoan, Savitribai Phule Pune University, Pune, Maharashtra, India
Gaurav Tiwari
Professor, Department of Computer Engineering, Dr. D. Y. Patil School of Engineering, Lohegoan, Savitribai Phule Pune University, Pune, Maharashtra, India
Date of Publication : 2019-10-30
License: This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 119-124
Manuscript Number : CSEIT194828
Publisher : Technoscience Academy