Exploring the Role of Blockchain in Crowdfunding: Opportunities and Challenges in India

Crowdfunding is becoming popular for humanitarian, innovative, fiscally helpful, and socially influential donations. Current crowdfunding platforms lack stability, transparency, and efficiency. A severe downside People are interested in blockchain technology because it can solve these problems and change crowdfunding. Blockchain technology may boost transparency, efficiency, and trust. This paper examines blockchain's crowdsourcing possibilities and limitations. This will be done by reviewing the literature, analyzing pertinent case studies, and creating conceptual frameworks. The study will also evaluate the legal, technical, and economic effects of deploying blockchain technology for crowdfunding. This study will benefit scholars, practitioners, and policymakers interested in this expanding field. The information will help them understand blockchain technology's possibilities for crowdfunding platforms.