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Philanthropy on the Blockchain

  • Danushka JayasingheEmail author
  • Sheila Cobourne
  • Konstantinos Markantonakis
  • Raja Naeem Akram
  • Keith Mayes
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 10741)

Abstract

One of the significant innovations that came out of Bitcoin is the blockchain technology. This paper explores how the blockchain can be leveraged in the philanthropic sector, through charitable donation services in fiat currency or Bitcoin via a web-based donor platform. The philanthropic model is then used for a case study providing humanitarian aid for a community living in a challenging geographical environment with limited internet availability. An SMS based mobile payment system is proposed for provisioning the received donations using the existing GSM network, very basic mobile phones and One Time Password (OTP) security tokens. The proposed scheme is finally evaluated for security while discussing the impact it has on charities and donors.

Keywords

Blockchain Bitcoin Rootstock Philanthropy Smart contract Multi-signatures Hosted wallet SMS Charity OTP Security token 

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Copyright information

© IFIP International Federation for Information Processing 2018

Authors and Affiliations

  • Danushka Jayasinghe
    • 1
    Email author
  • Sheila Cobourne
    • 1
  • Konstantinos Markantonakis
    • 1
  • Raja Naeem Akram
    • 1
  • Keith Mayes
    • 1
  1. 1.Smart Card and IoT Security Centre, Information Security GroupRoyal Holloway, University of LondonEghamUK

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