Janta Kalyan Yojna can provide a secure and transparent platform for donations. Here are some ways this can be used for donations:
Smart Contracts: it can use smart contracts to automate the donation process, reducing the need for intermediaries and making the donation process more transparent. Smart contracts can be set up to release funds only when certain conditions are met, ensuring that the funds are used as intended.
Blockchain: it can leverage blockchain technology to create a secure and transparent record of donations. Donors can see where their donations are going and how they are being used, and the platform can provide real-time updates on the progress of fundraising campaigns.
Tokenization: it can create their own tokens to represent donations, allowing for easy tracking and management of funds. Donors can purchase these tokens and transfer them to the charity or cause of their choice, and the tokens can be traded on cryptocurrency exchanges.
Community Incentives: it can use community incentives to encourage donors to contribute to fundraising campaigns. For example, donors can earn tokens or other rewards for making donations, and these rewards can be used to access exclusive content or other perks.
Overall, it can provide a more efficient, transparent, and secure platform for donations, allowing donors to easily support causes they care about and ensuring that their contributions are used as intended.
While deploying the smart contracts on the network we witnessed insufficient funds and high gas fees.We found a way out of that by using one of the free deployment networks.
Tracks Applied (2)
Polygon Technology
Chainlink
Technologies used
Discussion