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.
Authors
- T. B. Richard (ORCID: https://orcid.org/0000-0002-9883-5844)
- D. Menaga
- Suzanne Spencer (ORCID: https://orcid.org/0009-0000-1155-1009)
Institutions
- St. Joseph's Institute of Technology (IN)
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