Crowdfunding is a transformative fundraising method, enabling the collection of small contributions from a large audience, often facilitated through online platforms. This approach, leveraging the collective support of a diverse crowd, offers individuals, entrepreneurs, and organizations an alternative to traditional financial intermediaries for financing their projects. Recently, crowdfunding has become a potent tool for funding innovative ventures, yet faces challenges related to transparency and security. In response, this system proposes a blockchain - based crowdfunding platform, employing smart contracts, decentralized identity, and a tokenized system to enhance transparency and trust. The platform's key features include smart contracts governing the crowdfunding process, a user-friendly interface for campaign creation with details on proposed system goals, and seamless integration with cryptocurrency payment gateways, ensuring a transparent and trustworthy ecosystem for both project creators and backers.
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Singha et al. (2024) studied this question.
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