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Fundify

Fundify leverages blockchain to ensure transparent, secure, and traceable fund distribution. By providing real-time insights into fund allocation, it builds trust and accountability between donors and recipients, assuring contributors that their donations are used responsibly.

Fundify

Created At

ETHGlobal Bangkok

Winner of

Blockscout - Blockscout Explorer Big Pool Prize

Prize Pool

Project Description

Fundify revolutionizes fund distribution with unparalleled transparency, leveraging blockchain technology to ensure secure, traceable transactions. By using an immutable ledger, our platform provides real-time visibility into fund allocation and utilization, fostering trust and accountability between donors and recipients. Fundify is designed to offer a seamless and trustworthy donation experience, so every contribution is fully traceable and verifiable. With Fundify, you can rest assured that your donations are used effectively and transparently. We're committed to making a meaningful impact by upholding the highest standards of integrity and openness in fund distribution.

How it's Made

For this project, I used Blocksout as a core partner technology, integrating its blockchain capabilities to create a fully transparent and trustless fund distribution system. At the heart of the project is a smart contract deployed on Blocksout, which serves as an immutable ledger, tracking every transaction and eliminating the need for third-party intermediaries. This approach not only increases transparency but also reduces operational costs and potential risks associated with middlemen.

The tech stack includes Solidity for the smart contract, which was developed to automate fund allocation and release upon meeting specific conditions. For the front end, I used React to create a user-friendly interface, while Web3.js bridges the front end with the blockchain, enabling users to interact seamlessly with the smart contract.

Integrating Blocksout made the development process smoother by providing robust infrastructure and blockchain tools, allowing us to focus on user experience and security. I also incorporated a unique, hacky approach by optimizing gas fees through efficient contract design—reducing overall transaction costs and enhancing scalability. This was crucial in making the platform cost-effective and sustainable for users.

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