Funds-Chain: Unlocking the True Potential of Crowdfunding Using Blockchain

Based on etherium network, the novel Web3 crowdfunding model is described, aimed at providing a new efficient tool for overturning methods of the traditional fundraising using the safe decentralised approach. With the help of the effective Sepolia testnet, it overcomes the constraints of the outmoded networks such as Goerli. Funds-Chain through the implementation of solidity smart contracts in the application enables the creation of campaign, contributing and providing of payouts with high accuracy hence eliminating the need for intermediaries in transactions. The platform improves the backers' experience through advanced wallet connection attributes which make it easier for them. Given its functionally sound and user-oriented design, Funds-Chain already stands before the prospect of developing decentralized fundraising for the new generation of decentralized finance solutions.

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Publication Details

Published
2024-11-13
DOI
https://doi.org/10.1109/ictacs62700.2024.10841236
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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article

Funds-Chain: Unlocking the True Potential of Crowdfunding Using Blockchain

Jayanth R. Pawar, AVSR Ashwin, Alugubelly Shivani, Anugu Akhil Reddy et al.
FinTech, Crowdfunding, Digital Finance
article

Funds-Chain: Unlocking the True Potential of Crowdfunding Using Blockchain

Jayanth R. Pawar, AVSR Ashwin, Alugubelly Shivani, Anugu Akhil Reddy, B.V. Chowdary
article en

Abstract

Based on etherium network, the novel Web3 crowdfunding model is described, aimed at providing a new efficient tool for overturning methods of the traditional fundraising using the safe decentralised approach. With the help of the effective Sepolia testnet, it overcomes the constraints of the outmoded networks such as Goerli. Funds-Chain through the implementation of solidity smart contracts in the application enables the creation of campaign, contributing and providing of payouts with high accuracy hence eliminating the need for intermediaries in transactions. The platform improves the backers' experience through advanced wallet connection attributes which make it easier for them. Given its functionally sound and user-oriented design, Funds-Chain already stands before the prospect of developing decentralized fundraising for the new generation of decentralized finance solutions.

Vignan's Foundation for Science, Technology & Research (IN)
Decent work and economic growth
Openalex Percentile: Top 59%
FinTech, Crowdfunding, Digital Finance
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Funds-Chain: Unlocking the True Potential of Crowdfunding Using Blockchain — Jayanth R. Pawar, AVSR Ashwin, et al. · (2024) | TGRS Research Map | TGRS