Crowdfunding Using Blockchain
K SRI, J. S. Supriya, Ms. P. Geetha Nanditha Sai, P. Siva Prasad · International Journal of Scientific Research in Computer Science Engineering and Information Technology · 2020
Crowd funding is the practice of raising money from large number of individuals for the purpose of financing a project, venture, business or cause. Conventionally, crowdfunding has been carried out via events and door-to door fundraising. However there are lot of risk features like security of your business idea, developing a successful crowd funding campaign is an effort and time consuming. Crowd funding is not a charity, fees charged, risk of failure etc. Here comes the role of blockchain to nullify the potential risks of the conventional method of fundraising. A decentralized approach to crowd funding allows us to eliminate all the potential risks faced by the conventional approach of crowdfunding.