Blockchain Based Crowd Funding

Abstract

Crowdfunding is a method of online fundraising process that was initially developed for public members to make modest contributions to support the projects of creative individuals. Crowdfunding uses blockchain technology to offer smart contracts for users. This allows us to offer crowdfunding in a secure, transparent, and safe manner. The task of this work is to provide interactive forms for campaign development and financial contributions. Both campaign makers and donors may develop and support the campaigns by viewing or submitting requests for approval and fulfilling requests using this system. In addition, the donor may be able to see the progress of the funds they provide. All transactions will be recorded on the blockchain and stored as blocks. It is alluring to use smart contracts in blockchain. Without the aid of a trustworthy third party, a blockchain-based agreement must be negotiated, carried out, and enforced amongst unreliable participants. It is essential to develop executable code that runs on the blockchain. Blockchain was initially primarily used as the basis for cryptocurrencies, but in recent years, it has expanded to various industries. Blockchain is anticipated to be the most widely used technology as a green way to conduct internet transactions One application area for blockchain technology is crowdfunding websites. The biggest problem with today’s global crowdfunding market is that campaigns are no longer under strict control, and some crowd- investment efforts have proven fake. By utilizing Ethereum smart contracts on the crowdfunding site, this work aims to allay these worries by assuring that the initiatives may be added within the designated time limit, eliminating fraud, and allowing the contracts to be fully mechanically performed.