Title: Potential applications of smart contract technology in subsidy distribution (source code for data structures and problem solving using solidity)

Authors: Armin Saatian

Addresses: Department of Management, Payame Noor University, P.O. Box 19395-3697, Tehran, Iran

Abstract: The way governments distribute subsidies in terms of targeting and their effects on public economics has always been one of the biggest management challenges, especially in developing countries. The purpose of this research is to outline the application of blockchain technology in the context of the subsidies distribution through the transfer of digital currency; also, a blockchain-based targeted subsidy system has been performed under the Ethereum network using solidity language. The written program is based on a platform extracted from the library research method and through the research conducted over recent years. This study aims to achieve an intelligent, autonomous, and self-executing subsidy distribution system. Furthermore, this study can make it possible for governments to provide a subsidy payment platform that can prevent data manipulation due to its decentralised nature, create a more reliable method for subsidy payments, and increase transparency in the distribution of subsidies.

Keywords: subsidy; blockchain; smart contracts; solidity; Ethereum; audit; government; decentralisation; digital currency; social security.

DOI: 10.1504/IJBC.2020.112491

International Journal of Blockchains and Cryptocurrencies, 2020 Vol.1 No.4, pp.329 - 341

Received: 11 Mar 2020
Accepted: 19 Jun 2020
Published online: 19 Jan 2021 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article