Smart Crowdfunding: Leveraging Blockchain for Fraud Prevention and Transparency

Crowd funding is a way to fund various types of businesses where individual founders can ask for funding.These companies can work for a profit motive, a non-profit motive, a cultural or a social one.Usually, funds are used in exchange for future products or shares.Today's technology allows investors to connect with entrepreneurs via Internet social media platforms, exchange capital for various types of businesses in exchange for compensation, or simply to support noble causes.The problem with today's crowdfunding method is that charities and donors cannot control the funds they donate, and there are more fraud, intellectual property risk, and excessive fees.These problems, in addition to solving a problem or helping a noble cause, raise few other problems and for few they do not allow them to contribute.This project creates a platform to provide blockchain-based crowdfunding networks and can provide private, secure, and decentralized crowdfunding pathways using smart contracts.The goal is to solve these problems by applying intelligent contracts to crowdfunding sites to ensure that the contracts are completely automatically executed, prevent fraud, and establish healthy relations between funders, platform and contributors.This crowdfunding application is not just like any other application, which allows people to invest money, but it also guarantees that the return of the funder is guaranteed.