Design and Development of a Blockchain-Based Crowdfunding Platform for Transparent Fundraising

Neetu Anand, Kumar Gaurav

Abstract: Crowdfunding is a method with which a person or a group can raise capital from other average day-to-day citizens around the globe with the help of the internet, one can raise capital for starting a new company or venture, building a niche product or performing a social cause. This research paper aims to enhance and improve upon the current crowdfunding solution by leveraging blockchain technology, Blockchain can be described as a peer-to-peer database, in simpler terms a database server that is controlled and verified by millions of people around the globe and once an entry is recorded on a blockchain, it cannot be undone and deleted. Another technology that we will use is smart contracts, they are programmatically designed contracts that can be deployed on the blockchain network, they perform certain actions, that they are programmed to do on the blockchain network, these smart contracts allow us to develop applications leveraging the blockchain network. By leveraging the Blockchain and its related tools, we aim to improve upon the existing platforms that provide crowdfunding services & facilities, to make crowdfunding more accessible and attractive for people around the globe.

Keywords: Smart contracts, Blockchain, Investor, Donator, Crowdfunding