The Blockchain-Based Cooperative Management System
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Abstract
This paper is proposed to use a blockchain technology to develop a cooperative management system. This blockchain-based cooperative management system could increase a transparency and also reduce the chances of fraud by cooperatives authorities or cooperative officials. By using the blockchain technology, the system is not allowed anybody to change any information after successfully recorded. The system can also allow anybody from any locations around the world to be registered as member, no need to be in the same location. The blockchain-based cooperative system presented in this paper has the following main functions: 1. automatically calculate the annual interest for member, 2. members can transfer shares by themselves, and 3. if members apply the cremation association, the system can automatically transfer shares to the beneficiary when the member dies. In the future, the system would be able to provide more functions such as voting management system, loan management system etc.
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