Improving Crowdfunding Integrity with Blockchain using Ethereum-based smart contract

Blockchain, as we have seen, was first only a foundation for cryptocurrencies, but ten years later, a new rapidly growing technology has been widely used in multiple businesses. In a more significant number of years, most of the technologies in Blockchain can be used worldwide to authoritatively enhance online transactions. Crowdfunding is one of the integrating disciplines for blockchain technologies. Today, people worldwide are experiencing the most common problem with crowdfunding i.e. the lack of regulation over the campaigns-people get scammed. Many other projects also took an incredibly long time to finish.This project aims to address these problems by preventing fraud and ensuring that projects may be finished within the allocated time by integrating Ethereum smart contracts in crowdfunding.

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Publication Details

Published
2024-08-23
DOI
https://doi.org/10.1109/iccubea61740.2024.10775019
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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Improving Crowdfunding Integrity with Blockchain using Ethereum-based smart contract

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289 links
FinTech, Crowdfunding, Digital Finance
article

Improving Crowdfunding Integrity with Blockchain using Ethereum-based smart contract

Rajesh Phursule, Babita Sonare, P.Naveen Gandhi, Janhavi Dhajekar, Pranav Kannawar
article en

Abstract

Blockchain, as we have seen, was first only a foundation for cryptocurrencies, but ten years later, a new rapidly growing technology has been widely used in multiple businesses. In a more significant number of years, most of the technologies in Blockchain can be used worldwide to authoritatively enhance online transactions. Crowdfunding is one of the integrating disciplines for blockchain technologies. Today, people worldwide are experiencing the most common problem with crowdfunding i.e. the lack of regulation over the campaigns-people get scammed. Many other projects also took an incredibly long time to finish.This project aims to address these problems by preventing fraud and ensuring that projects may be finished within the allocated time by integrating Ethereum smart contracts in crowdfunding.

Openalex Percentile: Top 60%
FinTech, Crowdfunding, Digital Finance
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