SUPPORTROOPS: CROWDFUNDING USING BLOCKCHAIN
Author(s):
Parnika Roy, Abhinav Pandey, Moiyad Kaydawala, Himanshu Jaroli, Bindu Garg
Keywords:
Crowdfunding, Cryptocurrency, Blockchain, Ethereum, Smart Contracts.
Abstract
After the COVID-19 pandemic hit across the globe, the economy of most countries got tampered. Since then, online engagement is at its peak and people discovered social media as a new weapon to invest and promote their business and skills. This led to the advancement of a potential concept of funding, known as crowdfunding. Crowdfunding is an online fund- raising system that started as a route for common society to give modest quantities of cash to help innovative people, start-ups, NGOs, charity to fund their activities. Crowdfunding these days mostly raise funds for business start-ups, because it is relatively inexpensive and uncomplicated in nature. The use of social media platforms to connect investors with entrepreneurs is used to raise capitals. Hence, social media and internet plays a vital role in raising funds through such a medium. Blockchain as we know is the foundation of cryptocurrency. In the future most technologies around the world are expected to use blockchain to make secure online transactions. Crowdfunding is one such area where blockchain can be applied so that the common problems people are facing with regards to crowdfunding such as frauds and non-regulated campaigns can be resolved.
Article Details
Unique Paper ID: 155874

Publication Volume & Issue: Volume 9, Issue 2

Page(s): 402 - 405
Article Preview & Download


Share This Article

Conference Alert

NCSST-2021

AICTE Sponsored National Conference on Smart Systems and Technologies

Last Date: 25th November 2021

SWEC- Management

LATEST INNOVATION’S AND FUTURE TRENDS IN MANAGEMENT

Last Date: 7th November 2021

Go To Issue



Call For Paper

Volume 9 Issue 10

Last Date for paper submitting for March Issue is 25 March 2023

About Us

IJIRT.org enables door in research by providing high quality research articles in open access market.

Send us any query related to your research on editor@ijirt.org

Social Media

Google Verified Reviews

Contact Details

Telephone:6351679790
Email: editor@ijirt.org
Website: ijirt.org

Policies