CROWD-FUNDING USING BLOCKCHAIN TECHNOLOGY

CROWD-FUNDING USING BLOCKCHAIN TECHNOLOGY

Siddharth Vijay Gangurde, Aniruddha Parshuram phad, Dipti Ganesh Suryawanshi, Greeshma Santosh Tawade, Ms. S.R. Jagtap

1 siddharth2533198@gmail.com, Student of Poly. Dept. of Computer Technology K.K.Wagh , Nashik, India

2 aniruddhaphad00@gmail.com, Student of Poly. Dept. of Computer Technology K.K.Wagh , Nashik, India

3 diptisuryawanshi88@gmail.com, Student of Poly. Dept. of Computer Technology K.K.Wagh, Nashik, India

4 greeshmaandhale18@gmail.com, Student  of Poly. Dept. of Computer Technology K.K.Wagh,  India

5Internal Guide Dept. of Computer Technology K.K.Wagh, Nashik, India

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Abstract - Crowd funding is an online money-raising strategy that began as a way for the public to donate small amounts of money to help creative people finance their projects. Through crowd funding, individuals are able to invest in entrepreneurial start-ups through an intermediary, such as a broker-dealer. The problem with the current sites is they don't provide the Donor Guarantee Policy and they don't have control over the money they donated. This paper is to propose crowd funding using blockchain technology. Through this, we can provide a safe, secure and transparent way for crowd funding.

This work of this paper is to provide interactive forms for campaign creation, donation and request approval through which both campaign creators and donors can easily create and fund the campaigns. The Donor can able to track the money that they were sent. The Blockchain will record all the transaction and store as a block. Crowd funding is not a charity, fees charged, risk of failure etc. Here comes the role of blockchain to nullify the potential risks of the conventional method of fundraising. A decentralized approach to crowd funding allows us to eliminate all the potential risks faced by the conventional approach of Crowdfunding is an online fundraising method that originated as a way for individuals to contribute small amounts of money to support creative projects. However, existing crowdfunding platforms often lack transparency and control for donors, and they may not offer robust guarantees or protections.

This paper proposes leveraging blockchain technology to enhance crowdfunding by providing a secure, transparent, and efficient platform. Blockchain technology can provide a decentralized and immutable ledger to record all transactions, ensuring transparency and accountability. With blockchain, donors can track their donations, and campaign creators can easily create and manage their campaigns. The use of smart contracts can automate the process of approving donation requests, reducing the risk of fraud or mismanagement.

Key Words:  Crowd funding, Campaign, Smart Contracts, Request-Approval, Consensus Segmentation, Digital Wallet.