CROWDFUNDING PLATFORM USING BLOCKCHAIN

CROWDFUNDING PLATFORM USING BLOCKCHAIN
Author(s):
Fletcher Fernandes, Harsh Gharat, Anuj Kadam, Amaan Kamil
Keywords:
Blockchain, DAOs, Decentralized, Transparency
Abstract
Crowdfunding has revolutionized the way individuals and organizations raise funds for their endeavors. With the rise of online platforms and social media, this innovative method of fundraising allows entrepreneurs and non-profit organizations to reach a global network of potential investors and donors. Trust and credibility are key factors in the success of crowdfunding, and the integration of blockchain technology has taken this to new heights. The decentralized nature of blockchain brings a new level of democracy to the fundraising process, giving donors and recipients greater freedom, transparency, and incentives to participate. The trend towards distributed autonomous organizations (DAOs) has further disrupted traditional fundraising methods, as more capital is being directed towards blockchain-based crowdfunding campaigns. This has made fundraising more accessible, flexible, and efficient, freeing it from the limitations of centralized gatekeepers. Crowdfunding with blockchain technology has immense potential for growth and impact, and it is an exciting development in the world of fundraising
Article Details
Unique Paper ID: 158590 Publication Volume & Issue: Volume 9, Issue 10 Page(s): 112 - 116
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