Crowd-Funding Using Blockchain

Crowdfunding is a method used by individuals or organizations to collect money for a project by having many people make small financial contributions, usually online. The use of these crowdfunding platforms makes it simpler for business owners to connect with a big global audience that would be willing to support their endeavors. Think of Kickstarter. An unchangeable ledger that records every transaction is a blockchain. It employs a peer-to-peer network where each system will serve as both a client and a server. Although having many benefits, the current crowdfunding system has some drawbacks, including high maintenance costs, a lack of system openness, and a lack of user confidence. The project is the problem's answer. The project contains a voting mechanism for donors, an alert feature that will send the user an email when gas prices are low, and it leverages blockchain technology to address transparency issues. Due to its extreme transparency and security, the idea is fundamentally different from current solutions. Money is the main component of crowdfunding. Thus, certain procedures must be performed in order to protect the money and provide users with transparency and trust. Smart contracts are utilized to solve the problems using blockchain technology.