Authors: Prof. Rupali Jadhav , Sakshi Gawali, Ankita Khutwad
DOI Link: https://doi.org/10.22214/ijraset.2023.52234
Certificate: View Certificate
This project uses blockchain technology to suggest a workaround for the drawbacks of conventional crowdfunding sites. The suggested platform, \"Fund Future,\" is a decentralised platform for crowdfunding that enables people and organisations to raise money for their projects directly from their supporters. The platform is based on the Ethereum blockchain, which enables smart contracts to carry out the crowdfunding campaign\'s policies and processes automatically. The platform offers a clear, safe, and effective method of fundraising, making sure that money is delivered properly to the project developers. The project seeks to address the issues that traditional crowdfunding platforms have, like high fees, fraud, and a lack of transparency. With blockchain technology becoming more popular, Fund Future has the potential to completely transform the crowdfunding market.
For people and organisations to raise money for their initiatives and ideas, crowdfunding has grown in popularity. Traditional crowdfunding platforms, however, have drawbacks like exorbitant costs, a lack of transparency, and restricted access. By enabling safe, open, and decentralised networks for fundraising, blockchain technology presents a viable remedy to these constraints. Support Future wants to use blockchain technology to build a platform that lets people and organisations support initiatives that are consistent with their values and worldviews..
IV. PROPOSED SYSTEM
A. Identifying Stakeholders
The stakeholders can be divided into two parts:
B. Detailed Solution
Any web-based programme is centralised, meaning that everything we do there is controlled by a server that belongs to just one business. We suggest a decentralised application powered by the Ethereum blockchain, where all data regarding campaigns, donations, withdrawal requests, and finances are stored on a decentralised, open-access blockchain network. This avoids the data from being maintained in a single, centralised server location and ensures that the funds and transactions are visible to and stored at every node on the blockchain. Thus, preventing the money from falling into the wrong hands and removing all potential for it to be misused is a beautiful and sensible solution to the issue at hand..
V. LANGUAGES USED
VI. SYSTEM ARCHITECTURE
VIII. FUTURE WORK
We address some potential future work that may be done to enhance blockchain-based crowdfunding systems in this section.
1) The \"Fund Future: Empowering Crowdfunding\" project is finished, operational, and live. 2) Lack of transparency and fraud have long plagued traditional crowdfunding techniques. It is a preventable issue, and we think we\'ve put in place a strong remedy that can eliminate these persistent issues. 3) To a large extent, the goal of having a transparent, anti-fraudulent, decentralised platform has been accomplished. In order to increase openness in the crowdfunding process and foster more public trust, this initiative has addressed the flaws of existing crowdfunding platforms. As a result, individuals may now donate their money to worthy causes without worrying about being scammed.
Copyright © 2023 Prof. Rupali Jadhav , Sakshi Gawali, Ankita Khutwad. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Paper Id : IJRASET52234
Publish Date : 2023-05-14
ISSN : 2321-9653
Publisher Name : IJRASET
DOI Link : Click Here