Crowd-Funding using Blockchain

Authors

  • Prof. Sonali Dongare  Information Technology, Nutan Maharashtra Institute of Engineering and Technology Talegaon Dabhade, India
  • Vishwajeet Bamane  Information Technology, Nutan Maharashtra Institute of Engineering and Technology Talegaon Dabhade, India
  • Abhishek More  Information Technology, Nutan Maharashtra Institute of Engineering and Technology Talegaon Dabhade, India
  • Prasad Chopade  Information Technology, Nutan Maharashtra Institute of Engineering and Technology Talegaon Dabhade, India
  • Saurabh Aherwadkar  Information Technology, Nutan Maharashtra Institute of Engineering and Technology Talegaon Dabhade, India
  • Nitin Dhawas  Information Technology, Nutan Maharashtra Institute of Engineering and Technology Talegaon Dabhade, India

Keywords:

Ethereum, synthesis

Abstract

This review paper explores the transformative potential of blockchain-based crowdfunding, addressing the vulnerabilities of traditional platforms, including data breaches and high fees. Analyzing three research papers focused on Ethereum-based donation transactions, the study emphasizes the strengths and limitations of these platforms. While blockchain introduces transparency, trust, and security, challenges such as technical complexity, volatility, and scalability persist. Smart contracts and digital identity management emerge as key methodologies to enhance privacy and decentralization. The paper highlights the global accessibility, reduced intermediaries, and immutable transactions afforded by blockchain. Despite challenges, this synthesis underscores blockchain's role in revolutionizing crowdfunding, offering insights for future research and practical applications.

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International Journal of Scientific Research in Science, Engineering and Technology

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Published

2023-12-30

Issue

Volume 10, Issue 6, November-December-2023

Section

Research Articles

License

Copyright (c) IJSRSET

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
Prof. Sonali Dongare, Vishwajeet Bamane, Abhishek More, Prasad Chopade, Saurabh Aherwadkar, Nitin Dhawas "Crowd-Funding using Blockchain" International Journal of Scientific Research in Science, Engineering and Technology (IJSRSET), Print ISSN : 2395-1990, Online ISSN : 2394-4099, Volume 10, Issue 6, pp.223-228, November-December-2023.