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

Khan, Nida; Ouaich, Rachid

Reference : Feasibility Analysis of Blockchain for Donation-based Crowdfunding of Ethical Projects


	Document type :	Scientific congresses, symposiums and conference proceedings : Paper published in a book
	Discipline(s) :	Engineering, computing & technology : Computer science
	Focus Areas :	Finance
	To cite this reference:	http://hdl.handle.net/10993/33002

Title :	Feasibility Analysis of Blockchain for Donation-based Crowdfunding of Ethical Projects
Language :	English
Author, co-author :	Khan, Nida [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > >]
	Ouaich, Rachid []
Publication date :	2019
Main document title :	Springer Smart Technologies and Innovation for a Sustainable Future. Advances in Science, Technology & Innovation (IEREK Interdisciplinary Series for Sustainable Development).
Publisher :	Springer, Cham
Pages :	129-139
Peer reviewed :	Yes
Audience :	International
ISBN :	978-3-030-01658-6
Event name :	Proceedings of the 1st American University in the Emirates International Research Conference — Dubai, UAE 2017
Event date :	15-11-2017 to 16-11-2017
Event organizer :	American University in the Emirates
Event place (city) :	Dubai
Event country :	UAE
Keywords :	[en] Blockchain ; Throughput ; Smart Contract ; Fintech ; Donation
Abstract :	[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 centres :	Interdisciplinary Centre for Security, Reliability and Trust (SnT) > Services and Data management research group (SEDAN)
Funders :	Fonds National de la Recherche - FnR
Target :	Researchers ; Professionals ; Students
Permalink :	http://hdl.handle.net/10993/33002

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