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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM29295
Volume:
8 |
3 |
Mar 2024
Pages:
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.
Crowdfunding has emerged as a prominent alternative financing model, enabling entrepreneurs and innovators to raise capital from a large pool of backers through online platforms. However, traditional crowdfunding platforms are often plagued by issues such as high fees, lack of transparency, and potential security risks. In response to these challenges, blockchain technology has garnered significant attention due to its decentralized, transparent, and immutable nature. This paper presents an implementation of a crowdfunding platform using blockchain technology, aiming to address the shortcomings of existing systems. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â The proposed platform leverages blockchain to create a transparent and secure environment for fundraising activities. Smart contracts are utilized to automate the execution of crowdfunding campaigns, ensuring that funds are released to project creators only when predefined conditions are met. Additionally, the use of blockchain enables the establishment of a decentralized governance model, empowering stakeholders to participate in decision-making processes.
KEYWORDS
Publication Date
4/5/2024
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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The authors declare no conflict of interest related to this research work.
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