Do we need a decentralized platform for fund collection?

source : Internet

Hello readers, The catastrophic impact of uncontrollable nature seems to have evidently inundated the mighty state of Kerala. It takes all of us great pride to see the support and relentless endeavors made by the navy, the army, youngsters, fishermen; not to mention the entire country and of course other benefactor countries.

Although we have received funds, largely hefty and bulky, yet a confusion of they being sufficient still does the rounds. All the funds have been collected to CM’s Distress Relief Fund (CMDRF). Such kind of approach is termed as “Centralized Approach”. Now what do these terms — Centralization and Decentralization — mean? Read further to unravel…

Centralization vs Decentralization

Centralization basically refers to “a centralized authority of power” on which the onus for discharge and assignment of all actions lie. All such actions are neither recorded nor hold an authenticity of their usage. In short, such actions can easily be counterfeited.

On the other hand, Decentralization bestows the power of authority on all the people who are enrolled in it. This is suggestive of the thought that all who are a part of the good cause are aware as to where their money is being utilized (or being misused). The actions performed over such a decentralized system will be recorded in an open ledger that curtails the possibility of records being faked.

Need of the hour for the decentralized system

Taking the Kerala floods the pivotal point, we all must have observed how several people around us are found to have a firm will to contribute to rebuild the state recede in their thought and ultimately in their action. Distrust is the sole reason I believe. Having witnessed several colossal cases of embezzlement recently in the country, our citizens have become quite skeptical of the good done to the needy by the authorities. But I would say, it’s completely fine not to trust other humans, as is our inherent trait — the human being’s suspicion.

To curb such situations of distrust, recording of every action (at least for such causes) would be the best way to win people’s trust. It would rather boost the “Relief Fund Mechanism” and eventually support the needy in the right hour. Open Ledger would enable not only the higher authorities, but also the people who have been a part of such contribution to view the transparent and openly placed records. What we have now, is a prevailing black box that garners money and also the concerns of the benefactors.

The decentralized platform would be of great help for those who require financial help, who can in turn get benefit out of it based on the genuineness of the request which would be processed by the randomly selected candidates. These randomly selected candidates would be the people who actually contributed to the fund, and they can be from different districts or even from different states.

Why Ground-truthing?

Ground-truthing will definitely work here because what I have observed is that people are willing to help those who need help. It can be either financially or by buying the commodities for them. But the key thing to point here out is that due to lack of trust they either prefer to go to the camps and the affected-areas or completely not contribute to such platforms as relief funds just for the mistrust. They would rather buy things which are needed there or even a personally given financial support but they are extremely dubious about such middle channel contributions. Decentralization, as I firmly believe, should make meaningless the back-to-back underscoring of the role of government as the insurer of last resort for an average citizen since it takes a stand of the correct implication of “Right to Information” and also makes the people realize their responsibility.

Conclusion

This is not an idea which I invented all of a sudden, it existed from the time when people started talking about blockchain. Being a technical enthusiast, I just had a thought of sharing the idea of decentralization for the kind of problems as these.


Disclaimer: This article is not against the ruling party or Indian constitution. This article only explains how we can make use of technology for a noble cause.