BLOCKCHAIN-BASED FUND ALLOCATION AND TRACKING MECHANISM FOR STATE GOVERNMENT
Kona Siva Chakradhar Karthik
The state government’s work involves numerous transactions across various operations such as initiatives, projects, contracts, and farmer schemes. A major challenge faced by top governments is low-level corruption, which is difficult to trace and hinders state progress. This corruption slows down development and affects the delivery of essential services to the needy. To address this, a secure system like Blockchain is essential. Blockchain tracks all transactions securely and transparently using cryptography and timestamps. It ensures that each transaction is tamper-proof and verifiable, improving efficiency and trust in government operations. This system is particularly effective in managing funding programs and schemes by providing clear, secure records.

