Fund Crypt: Blockchain based Crowdfunding Platform using SHA-256 & POS Algorithm
Prashant B. Kumbharkar, Rushikesh Palaskar, Satyam Yenegure, Geetank Asati, Aditya Valekar · 2023
This study explores the potential of utilizing blockchain technology in crowdfunding. Crowdfunding has gained significant popularity as a means of project funding, enabling individuals and businesses to raise capital through online platforms from a diverse pool of investors and donors. However, traditional crowdfunding platforms face various challenges, including high fees, lack of transparency, and vulnerability to fraud. This research paper aims to investigate how blockchain technology can address these challenges and enhance the crowdfunding experience by leveraging decentralized networks and smart contracts. Blockchain-based crowdfunding platforms offer a decentralized and transparent ledger, providing unique features that can revolutionize the crowdfunding process. The findings of this survey are valuable for entrepreneurs, investors, and developers seeking to create and utilize such platforms in a repeatable manner.