Fund Tracing using Blockchain for Multinational Corporations and Businesses

Blockchain is one of the underlying technologies which is an open and distributed ledger that efficiently, verifiable, and permanent records of transactions between two parties. It can be used to store data on cryptocurrency exchanges or even anything that needs to be secure and transparent. It is a decentralized database containing blocks of data that are cryptographically linked together and stored on each computer or node (computer connected to the network) that contains a complete copy of the blockchain. Often, when a project receives funds, it is not known how the funds were used, and many of those transactions never appear on file due to poor resource management. To solve this problem, a system has been proposed that uses Blockchain to provide transparency. This article also describes a prototype developed using Blockchain delegation, it then discusses the future development of this prototype and, finally concludes on the applicability of Blockchain.