WEB 3.0 DECENTRALIZED CROWDFUNDING APP USING BLOCKCHAIN
International Research Journal of Modernization in Engineering Technology and Science · 2023
Crowdfunding is a popular method for raising funds for projects, businesses, and social causes.However, traditional crowdfunding platforms are often centralized, opaque, and inefficient.In recent years, Blockchain technology has become a potentially effective remedy to these problems.By leveraging the benefits of blockchain, such as transparency, security, and efficiency, we can create a new paradigm for crowdfunding that is decentralized, transparent, and efficient.In this paper, we explore the use of blockchain in crowdfunding and describe a prototype crowdfunding platform that uses Solidity, Next.js,Node.js,Polygon, Metamask, IPFS, and Infura to provide a secure, efficient, and transparent way for users to create and donate to campaigns on the Ethereum blockchain.The use of smart contracts ensures that the funds are securely and efficiently allocated, while the integration of IPFS and Infura allows for decentralized storage of data and access to the Ethereum network.Our prototype demonstrates the potential of blockchain-based crowdfunding to transform the way we fund projects and causes.