Blockchain-Based Crowdfunding Application

People’s data is valuable and sensitive, and blockchain can significantly change how it is seen. All transactions are time- and date-stamped and are logged irreversibly. Smart contracts can even automate transactions, boosting your productivity and speeding up the process even further. After pre-specified conditions are met, the transaction or process moves on to the next stage. Smart contracts eliminate the need for human intervention and the reliance on third parties to verify that contract requirements have been satisfied. The issue of transparency and security is very paramount in any organization, especially in organizations providing crowdfunding platforms, therefore the intention to provide a reliable, secured, transparent and decentralized solution is achieved by developing a blockchain-based crowdfunding web application. This crowdfunding application is not just like any other application which just allows people to invest their money, but this platform also gives an assurance to the backers that returns will be guaranteed. The application will also provide transparency between the backers and the start-ups so that the backers can stay updated on the progress of the project work of the respective start-ups that they invested their money in. Money will be refunded to the backers in case the project is aborted in between.This will be a multi-user application with three different types of users: Admin, Backers, and Start-up. Admin can approve start-ups for listing. Start-ups can view the status of approval of their projects and funds raised in real-time. Backers can view the progress of the projects that they are funding as well as the general information about other projects listed on the application.