Blockchain-Based System for Enhancing Transparency and Accountability in Government Fund Allocation

Abstract

This study proposes a blockchain-based system to tackle transparency, accountability, and corruption in government fund allocation and tracking. By harnessing blockchain's cryptographic security and immutable ledger, our solution aims to enhance transparency and mitigate corruption risks. Through meticulous development and empirical validation, we seek to demonstrate the efficacy of our system in real-world scenarios. Our research not only offers a remedy to complex governance challenges but also sheds light on the transformative potential of blockchain technology in governance. By integrating blockchain, we aim to create more accountable and efficient governance frameworks, fostering public trust and advancing democratic principles. This innovative approach holds promise for addressing the persistent issues plaguing governance systems globally, offering a pathway to more transparent and equitable governance paradigms.