BLOCK-CHAIN BASED CROWD-FUNDING SMART-CONTRACT

Authors:

Dr. Siva Rama Krishna.K, Siri Chandana. V, Afija.Rusum, Pratyusha. Y

Page No: 557-561

Abstract:

This paper presents the development of Block Chain based Crowdfunding Smart contract System Crowdfunding has disrupted the way of financing and allowed startups to raise funds without much hustle and bureaucracy. In the existing model, a Pool of people contribute small amounts of money towards the project or cause and expect some financial or non-financial returns. A crowdfunding platform takes a commission and matches needs and expectations of funders and fundraisers. Blockchain technology is a decentralized ledger, a more efficient, safe, tamper-proof system of nodes in connection. The introduction of blockchain in crowdfunding will make it more reliable, transparent, trusted, decentralized, cost-efficient, and convenient

Description:

Block Chain, Smart Contract

Volume & Issue

Volume-12,ISSUE-3

Keywords

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