Crowd-Funding using Blockchain Technology

Author:

Shubham Aghav 1,Shubhangi Panmand 1,Sakshi Pawar 1,Raj Darje 1,Prof. P. U. Ambekar 1

Affiliation:

1. Sinhgad Academy of Engineering, Kondhwa, Pune, Maharashtra, India

Abstract

Crowdfunding is a way to help founders with small donations. Crowdfunding allows individuals to invest in a startup through an intermediary such as a broker. The problem with the website right now is that it has no donation policy and has no control over the money donated. This article aims to promote financial aid using blockchain technology. This allows us to offer a safe, secure and transparent way to the masses. The purpose of this article is to provide interactive information to create, donate, and seek approval from developers, and donors can easily create and fund events. Donors can track the money sent to them. Blockchain will record all transactions and store them as a block. Crowdfunding is not a charity, and failure has costs and risks. The role of blockchain removes the risks of traditional fundraising. Decentralized crowdfunding allows us to eliminate all risks faced by the crowd

Publisher

Naksh Solutions

Subject

General Medicine

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