Distributed Crowdfunding using Blockchain

This paper presents the design and implementation of a distributed crowdfunding system using blockchain technology. Crowdfunding has become a popular method for raising funds for various projects, but it suffers from limitations such as lack of transparency, high fees, and reliance on intermediaries. To address these issues, we propose a decentralized platform that leverages the transparency and security of blockchain technology. The system allows project creators to create fundraising campaigns and investors to contribute funds directly to the projects of their interest. Contributions are conducted using cryptocurrency on the blockchain, ensuring security and eliminating the need for intermediaries.

Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2024-08-20
DOI
https://doi.org/10.5281/zenodo.13710210
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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article

Distributed Crowdfunding using Blockchain

Zenodo (CERN European Organization for Nuclear Research)
FinTech, Crowdfunding, Digital Finance
article

Distributed Crowdfunding using Blockchain

article en

Abstract

This paper presents the design and implementation of a distributed crowdfunding system using blockchain technology. Crowdfunding has become a popular method for raising funds for various projects, but it suffers from limitations such as lack of transparency, high fees, and reliance on intermediaries. To address these issues, we propose a decentralized platform that leverages the transparency and security of blockchain technology. The system allows project creators to create fundraising campaigns and investors to contribute funds directly to the projects of their interest. Contributions are conducted using cryptocurrency on the blockchain, ensuring security and eliminating the need for intermediaries.

Zenodo (CERN European Organization for Nuclear Research)
Partnerships for the goals
Openalex Percentile: Top 44%
FinTech, Crowdfunding, Digital Finance
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Distributed Crowdfunding using Blockchain · Zenodo (CERN European Organization for Nuclear Research) (2024) | TGRS Research Map | TGRS