Leveraging Block-Chain for Crowd-Funding

Crowdfunding has arisen as a transformative tool for obtaining cash for a wide range of enterprises, from innovative startups to charitable activities. But typical crowdfunding sites frequently have issues with security, openness, and middleman costs. The objective is to revolutionize the crowdfunding landscape by infusing it with the inherent traits of blockchain, such as transparency, security, and the elimination of intermediaries. By doing so, this approach seeks to instill a new level of trust and efficiency, providing a platform where project creators and backers can engage with confidence, while minimizing the costs associated with intermediary services. It's a vision that holds the promise of reshaping the crowdfunding ecosystem, offering a transparent and secure pathway for transforming innovative ideas into reality and making charitable causes more impactful than ever.

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Publication Details

Published
2024-11-29
DOI
https://doi.org/10.1109/upcon62832.2024.10983731
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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article

Leveraging Block-Chain for Crowd-Funding

T. B. Richard, D. Menaga, Suzanne Spencer
FinTech, Crowdfunding, Digital Finance
article

Leveraging Block-Chain for Crowd-Funding

T. B. Richard, D. Menaga, Suzanne Spencer
article en

Abstract

Crowdfunding has arisen as a transformative tool for obtaining cash for a wide range of enterprises, from innovative startups to charitable activities. But typical crowdfunding sites frequently have issues with security, openness, and middleman costs. The objective is to revolutionize the crowdfunding landscape by infusing it with the inherent traits of blockchain, such as transparency, security, and the elimination of intermediaries. By doing so, this approach seeks to instill a new level of trust and efficiency, providing a platform where project creators and backers can engage with confidence, while minimizing the costs associated with intermediary services. It's a vision that holds the promise of reshaping the crowdfunding ecosystem, offering a transparent and secure pathway for transforming innovative ideas into reality and making charitable causes more impactful than ever.

St. Joseph's Institute of Technology (IN)
Openalex Percentile: Top 52%
FinTech, Crowdfunding, Digital Finance
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