Decentralized Crowd funding with Blockchain

Abstract

Crowd funding is a new and innovative strategy for funding different sorts of ventures, wherein individual founders of the ventures can demand funds. A decentralized user network with transaction tracking in an accessible distributed ledger is made possible by blockchain technology. Blockchain is a unique, autonomous, and transparent mechanism that maintains the transparency of party trades. Blockchain's features enable a transparent and cost-effective platform for a multitude of applications. Based on the need for an effective platform to create smart nations and the inherent advantages of blockchain technology, a global crowdfunding platform is proposed. Blockchain is secure because it can be used with smart contracts to establish a campaign aimed at raising money in a decentralized way. This has liberated fundraising from the constraints of centralized methods and increased its accessibility, flexibility, and efficiency. Crowdfunding with blockchain technology has immense potential for growth and impact, and it is an exciting development in the world of fundraising.