Crowdfunding Using Blockchain

Authors

  • K. Bhavya Sri  Computer Science and Engineering, Vasireddy Venkatadri Institute of Technology, Guntur, Andhra Pradesh, India
  • J. S. Supriya  Computer Science and Engineering, Vasireddy Venkatadri Institute of Technology, Guntur, Andhra Pradesh, India
  • M. Pranathi Sai  Computer Science and Engineering, Vasireddy Venkatadri Institute of Technology, Guntur, Andhra Pradesh, India
  • P. Siva Prasad  Computer Science and Engineering, Vasireddy Venkatadri Institute of Technology, Guntur, Andhra Pradesh, India

DOI:

https://doi.org//10.32628/CSEIT1206233

Keywords:

Bitcoin, Blockchain, Hashing, Smart contracts, Digital Tokens, Consensus, Mining, Digital Signatures, Ethereum.

Abstract

Crowd funding is the practice of raising money from large number of individuals for the purpose of financing a project, venture, business or cause. Conventionally, crowdfunding has been carried out via events and door-to door fundraising. However there are lot of risk features like security of your business idea, developing a successful crowd funding campaign is an effort and time consuming. Crowd funding is not a charity, fees charged, risk of failure etc. Here comes the role of blockchain to nullify the potential risks of the conventional method of fundraising. A decentralized approach to crowd funding allows us to eliminate all the potential risks faced by the conventional approach of crowdfunding.

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IInternational Journal of Scientific Research in Computer Science, Engineering and Information Technology

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Published

2020-04-30

Issue

Volume 6, Issue 2, March-April-2020

Section

Research Articles

License

Copyright (c) IJSRCSEIT

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
K. Bhavya Sri, J. S. Supriya, M. Pranathi Sai, P. Siva Prasad, " Crowdfunding Using Blockchain, IInternational Journal of Scientific Research in Computer Science, Engineering and Information Technology(IJSRCSEIT), ISSN : 2456-3307, Volume 6, Issue 2, pp.128-134, March-April-2020. Available at doi : https://doi.org/10.32628/CSEIT1206233