Donation Based Crowd Funding Using Block Chain

DOI

No DOI

Published In

Volume 4, Issue 2 (2023)

Published Online

March-April 2023

Pages

664-667

Article Type

Research Article

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No DOI available for cross-reference

Abstract: Crowd funding is an online method of raising funds that initially served as a way for individuals to make small contributions to support innovative ventures. Through crowd funding, people can invest in new businesses through an intermediary platform. However, the current crowd funding method has its limitations, as the third-party intermediary does not offer assurance to investors about the money they have contributed, and investors have no control over the funds they have invested. This project proposes the use of donation-based crowd funding using block chain, which provides a private, secure, and decentralized method for crowd funding. The main goal of this project is to enable investors to contribute to campaigns effectively by creating smart contracts that give them control over their investments. This platform also allows campaign creators and investors to efficiently make and reserve funding for the campaigns.