This is a great use case for Ethereum and there is an excellent application live for it - gitcoin grants (https://gitcoin.co/grants/ https://gitcoin.co/grants/)

This is a great use case for Ethereum and there is an excellent application live for it - gitcoin grants (https://gitcoin.co/grants/ https://gitcoin.co/grants/). It is really slick and defaults to use a USD pegged stablecoin (DAI).