Paper published in a book (Scientific congresses, symposiums and conference proceedings)
Feasibility Analysis of Blockchain for Donation-based Crowdfunding of Ethical Projects
Khan, Nida; Ouaich, Rachid
2019 • In Springer Smart Technologies and Innovation for a Sustainable Future. Advances in Science, Technology & Innovation (IEREK Interdisciplinary Series for Sustainable Development).
[en] 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.
Research center :
Interdisciplinary Centre for Security, Reliability and Trust (SnT) > Services and Data management research group (SEDAN)
Disciplines :
Computer science
Author, co-author :
Khan, Nida ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT)
Ouaich, Rachid
External co-authors :
no
Language :
English
Title :
Feasibility Analysis of Blockchain for Donation-based Crowdfunding of Ethical Projects
Publication date :
2019
Event name :
Proceedings of the 1st American University in the Emirates International Research Conference — Dubai, UAE 2017
Event organizer :
American University in the Emirates
Event place :
Dubai, United Arab Emirates
Event date :
15-11-2017 to 16-11-2017
Audience :
International
Main work title :
Springer Smart Technologies and Innovation for a Sustainable Future. Advances in Science, Technology & Innovation (IEREK Interdisciplinary Series for Sustainable Development).