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Feasibility Analysis of Blockchain for Donation-Based Crowdfunding of Ethical Projects

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Book cover Smart Technologies and Innovation for a Sustainable Future

Part of the book series: Advances in Science, Technology & Innovation ((ASTI))

Abstract

Donation is a necessary social tool that is plagued by many inherent shortcomings. A novel model in the form of a decentralized app was designed in the Ethereum blockchain to solve the challenges present and optimize the process of Zakaah donation. Load and stress tests on the prototype of the smart contract in the public testnet of Ethereum were analyzed to gauge the feasibility of mass usage. Similar tests were done in Hyperledger to conclude on the optimum blockchain platform for Zakaah. An anomaly was detected during the testing phase of the decentralized app in the public testnet of Ethereum and it was exploited to propose a novel strategy to enhance the throughput of Ethereum. The testing is a pioneer in evaluating the throughput and feasibility of a blockchain based financial product and provides a benchmark to validate the business and technical hypotheses of other similar financial products and services.

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Acknowledgements

This work is funded by the Luxembourg National Research Fund under it’s AFR-PPP Programme, which is aimed at providing Ph.D. and Post Doc grants for innovation and industry partnerships. The work came into execution by the efforts of Anass Patel from ConexCap [50] under the able guidance of Dr. Radu State from Services and Data Management in Distributed Systems Research Group [51].

Author information

Authors and Affiliations

  1. University of Luxembourg, Luxembourg City, Luxembourg

    Nida Khan

  2. ConexCap, Luxembourg City, Luxembourg

    Rachid Ouaich

Authors
  1. Nida Khan
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  2. Rachid Ouaich
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Correspondence to Nida Khan .

Editor information

Editors and Affiliations

  1. College of Education, American University in the Emirates, Dubai, United Arab Emirates

    Ahmed Al-Masri

  2. Computer Science Research Institute, Magee Campus, University of Ulster, Londonderry, UK

    Kevin Curran

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Khan, N., Ouaich, R. (2019). Feasibility Analysis of Blockchain for Donation-Based Crowdfunding of Ethical Projects. In: Al-Masri, A., Curran, K. (eds) Smart Technologies and Innovation for a Sustainable Future. Advances in Science, Technology & Innovation. Springer, Cham. https://doi.org/10.1007/978-3-030-01659-3_17

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