Blockchain-Powered Startup Investment Platform
Prof. Archana Dirgule1, Sumith Prabhu2, Riddhesh Mali3 , Rahul Rasve4 , Jitesh Puri5
*1 Associate Professor, Department of Computer Engineering, Sinhgad College of Engineering, Vadgaon, Pune, Maharashtra, India
*2,3,4,5 Department of Computer Engineering, Sinhgad College of Engineering, Vadgaon, Pune, Maharashtra, India
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Abstract - In this research, we explore the development and implementation of an innovative crowdfunding platform powered by Ethereum blockchain technology. The platform is designed to meet the increasing demand for secure, transparent, and efficient investment processes on a global scale. At its core, the system employs smart contracts facilitated by Ethereum's comprehensive development environment, which automates investment procedures, thereby eliminating intermediaries and enhancing trust among stakeholders. Further integration with the InterPlanetary File System (IPFS) ensures the permanence and accessibility of project-related documentation, reinforcing our commitment to data immutability and decentralization. Moreover, the utilization of Infura provides consistent connectivity and efficient data retrieval, essential for the platform's operation. This research aims to address the limitations inherent in traditional crowdfunding mechanisms by establishing a secure, seamless, and transparent platform. Through the deployment of blockchain technology, we anticipate not only fostering trust and transparency but also empowering a global community of investors and entrepreneurs. The initiative represents a significant stride towards reshaping the landscape of crowdfunding, indicating a promising future for blockchain-enabled investment platforms.
Key Words: Blockchain Technology, Ethereum, Crowdfunding Platform, Smart Contracts, Data Immutability, Transparency and Security
