Government Fund Disbursement Using Blockchain
Keywords:
Blockchain, Hyper Ledger, Security, Transparency, Encryption, Government Funds, Cryptography, AES.Abstract
Governments need to cater to a huge number of responsibilities of a state. The working of state governments involves huge number of transactions towards various operations that need to be carried out throughout the state. This includes new projects, repair and maintenance works, awarding contracts, paying of government employees, farmer schemes and so on. A major obstacle that the top government face is the low-level corruption that is sometimes not possible to track which deprives the state progress. Tracking it is a very complicated task due to the current system. But in proposed system we overcome this drawback by using block chain approach. We here make use of blockchain technology to secure the transactions at every stage while maintaining transparency in every transaction sealing every transaction with proofs as the funds move ahead. 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. In this project researcher use Blockchain Algorithms for security like AES for Encryption and Decryption By design, a blockchain is resistant to modification of the data. In this project we propose a system to track funds allocated to the government as they travel through the government process at each stage using Key pair generation algorithm, Metadata file decryption and Data verification algorithms.
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