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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM64804
Volume:
10 |
6 |
Jun 2026
Pages:
1--
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
MSC IT
D.G Ruparel
Blockchain-based crowdfunding decentralized applications (DApps) are considered a modern and trustworthy alternative to traditional fundraising platforms. In conventional systems, a central organization manages user funds, verifies campaigns, and controls the distribution process. This centralized structure often results in issues such as low transparency, delayed transactions, high service charges, and the risk of fraud or misuse of donations. To overcome these limitations, blockchain technology is used to build a more secure crowdfunding environment. Blockchain functions as a distributed ledger where every transaction is recorded across multiple nodes in a network. Once information is added to the blockchain, it becomes permanent and cannot be altered or removed, which strengthens data security and builds user trust. Smart contracts are a key feature in blockchain-based crowdfunding systems. These are automated digital agreements that execute predefined rules without the involvement of intermediaries. They manage how funds are collected, stored, and released based on specific conditions set in the contract. This automation reduces manual control and helps prevent manipulation or unauthorized access to funds. In such systems, contributors can directly send funds to project owners using digital wallets, enabling peer-to-peer transactions without any middlemen. Since all transactions are recorded on a public ledger, anyone can verify contributions and fund movements at any time, which significantly increases transparency. In conclusion, blockchain-based crowdfunding DApps enhance security, trust, and accountability in fundraising systems. They eliminate intermediaries, reduce operational costs, and provide a fair and transparent environment for both donors and project creators. However, challenges like scalability, regulatory concerns, and user awareness still need to be improved for wider adoption.
KEYWORDS
In conclusion, blockchain-based crowdfunding decentralized applications (DApps) provide a modern and improved approach to traditional fundraising systems. By utilizing blockchain technology, these platforms ensure that all transactions are recorded in a secure and transparent manner, which helps build greater trust among users. The use of smart contracts removes the need for intermediaries, allowing fundraising processes to be automated and more efficient. This not only reduces operational delays but also lowers additional costs associated with centralized platforms. As a result, both project creators and contributors benefit from a more reliable and direct system of interaction. However, despite these advantages, certain challenges still exist, such as scalability limitations and unclear regulatory frameworks in different regions. These issues can affect the widespread adoption of the technology. Even with these limitations, continuous improvements in blockchain technology are expected to make crowdfunding DApps more efficient, scalable, and user-friendly in the future. This will likely lead to broader acceptance and real-world implementation across various industries.
In conclusion, blockchain-based crowdfunding decentralized applications (DApps) provide a modern and improved approach to traditional fundraising systems. By utilizing blockchain technology, these platforms ensure that all transactions are recorded in a secure and transparent manner, which helps build greater trust among users. The use of smart contracts removes the need for intermediaries, allowing fundraising processes to be automated and more efficient. This not only reduces operational delays but also lowers additional costs associated with centralized platforms. As a result, both project creators and contributors benefit from a more reliable and direct system of interaction. However, despite these advantages, certain challenges still exist, such as scalability limitations and unclear regulatory frameworks in different regions. These issues can affect the widespread adoption of the technology. Even with these limitations, continuous improvements in blockchain technology are expected to make crowdfunding DApps more efficient, scalable, and user-friendly in the future. This will likely lead to broader acceptance and real-world implementation across various industries.
Publication Date
6/11/2026
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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