CROWDFUNDING USING BLOCKCHAIN

CROWDFUNDING USING BLOCKCHAIN

Vaidehi Baraskar, Vaishnavi Bidve, Pratiksha Jadhav, Gautamee Pagare, Prof. Vidya Khairnar

Department of Computer Engineering LGNSCOE, Nashik

---------------------------------------------------------------------***---------------------------------------------------------------------

Abstract - With the advent of internet and information technologies, which boosted the participation of the "crowd" to fund entrepreneurial ventures, crowdfunding (CF) has seen rapid growth in recent years. By starting new businesses in niche areas, young entrepreneurs, particularly highly skilled students, have recently started to play a new role in the economy. By examining its key features and the perceived advantages and disadvantages that could encourage or deter young entrepreneurs from using CF platforms, this paper aims to give young potential entrepreneurs a deeper understanding of CF as an alternative funding mechanism. We ask highly qualified students about their understanding of crowdfunding, its advantages, and potential obstacles using an online survey. lessen the likelihood that a new business will receive finance. The findings indicate that aspiring young entrepreneurs have a basic understanding of CF. As a result, they are unable to investigate all potential business models, particularly those involving investment (loans and equity). In addition to financial gains, the respondents see various other advantages of using CF, such as increased consumer feedback and communication of the project to a wider audience. Despite the fact that contextual restrictions have been addressed, the perceived obstacles that can discourage the adoption of CF are connected to the execution of the CF campaign. Keywords: crowdfunding, crowdfunding benefits, and potential young entrepreneurs.