![REFERENCE
[1] Harsh Shankar Rao,Pranjal Sinha,Shaan Subbaiah B C,V K Prithvik Aniketh,Namratha M-“Blockchain
Based Crowdfunding Platforms”,2023.
[2] Darshan M,S.R Raswanth,Sundeep V V S Akella,Priyanka Kumar-"A Secured Distributed Ledger
Based Fundraising Framework Using Smart Contracts",2021.
[3]Hanwei Zhu,Nan Wang,Sid Chi-Kin Chau,Majid Khonji-"Blockchain-enabled Decentralized
Anonymous Crowdsourcing Based on Anonymous Payments",2023
[4] A. M. Petruzzelli, A. Natalicchio, U. Panniello and P. Roma, "Understanding the crowdfunding
phenomenon and its implications for sustainability", Technological Forecasting and Social Change, vol.
141, pp. 138-148, 2019.
[5] W. Cai, F. Polzin and E. Stam, "Crowdfunding and social capital: A systematic review using a dynamic
perspective", Technological Forecasting and Social Change, vol. 162, pp. 120412, 2021.](https://image.slidesharecdn.com/crowdfunding-240326152816-48e620a8/85/crowdfunding-using-blockchain-technlogy-crowdfunding-using-blockchain-technlogy-can-implement-transparent-payment-21-320.jpg)
![[6] K. VIDYA, H. I. Hussain, V. Celestine, V. Kumar and V. N. J. ROBERT, Security Enhanced Crowdfunding
Using Blockchain and Lattice Based Cryptosystem, 2022.
[7] M. Sahu, A. Gangaramani and A. Bharambe, "Secured crowdfunding platform using
blockchain", Intelligent Computing and Networking: Proceedings of IC-ICN 2020, pp. 27-39, 2021.
[8] N. Yadav and S. V, "Venturing Crowdfunding using Smart Contracts in Blockchain", 2020 Third
International Conference on Smart Systems and Inventive Technology (ICSSIT), pp. 192-197, 2020.
[9] Siddhesh Jadye, Yash Khodankar Swarup Chattopadhyay and Nita Patil, Decentralized
Crowdfunding Platform Using Ethereum Blockchain Technology, 2021.
[10] D. Cumming, L. Hornuf, M. Karami et al., "Disentangling Crowdfunding from Fraudfunding", J Bus
Ethics, 2021, [online] Available: https://doi.org/10.1007/s10551-021-04942-w.](https://image.slidesharecdn.com/crowdfunding-240326152816-48e620a8/85/crowdfunding-using-blockchain-technlogy-crowdfunding-using-blockchain-technlogy-can-implement-transparent-payment-22-320.jpg)
crowdfunding using blockchain technlogy.crowdfunding using blockchain technlogy can implement transparent payment
- 1. ABSTRACT • The aim of this project is to establish a decentralized crowdfunding platform leveraging blockchain technology and smart contracts. By utilizing Solidityfor development. • The goal is to provide a secure and transparent ecosystem where users can contribute funds to support various causes. • The platform aims to ensure trust through the immutability of the blockchain, automate fund distribution via smart contracts, and enhance accessibility for both project creators and donors. • Ultimately, the project seeks to revolutionize crowdfunding by embracing the efficiency and transparency offered by blockchain technology.
- 2. OBJECTIVES • Enable Decentralized Crowdfunding: Develop a platform that allows users to participate in crowdfunding without relying on traditional intermediaries, promoting a decentralized and inclusive fundraising environment. • Utilize Blockchain Technology: Leverage the security and transparency of blockchain to ensure trust and immutability in transactions, fostering a reliable ecosystem for both project creators and backers. • Implement Smart Contracts: Integrate smart contracts using Java to automate and enforce the terms of crowdfunding agreements, facilitating automatic fund disbursement upon meeting predefined criteria.
- 3. LITERATURE SURVEY PAPER 1 TITLE : Building a Blockchain-Based Decentralized Crowdfunding Platform for Social and Educational Causes in the Context of Sustainable Development AUTHOR: Bogdan Tiganoaia & George-Madalin Alexandru YEAR: 2023 ABSTRACT: Blockchain technology contributes to achieving the Sustainable Development Goals. Education for sustainable development (ESD) is UNESCO’s education sector response to the urgent and dramatic challenges the planet faces. The traditional way of donating money to charitable causes, such as education, has been through centralized methods and organizations that lack transparency, and donors often do not have a clear understanding of how their contributions are being utilized. Blockchain technology, particularly, platforms like Ethereum and Polygon, has the potential to address the issues associated with traditional donation systems. This paper proposes a decentralized web3 application that utilizes blockchain technology to enhance transparency and efficiency in educational donations in the context of sustainable development. The platform leverages decentralized protocols and smart contracts to ensure secure and transparent transactions, enabling donors to track the utilization of their contributions and ensuring their funds reach their intended beneficiaries. This paper discusses the design and implementation of the platform, highlighting its features and potential for transforming the landscape of charitable donations. This software application can be used in education, and a demo plus some scenarios/work cases are presented/analyzed. The main results and contributions open other future research directions for not only authors.
- 4. LITERATURE SURVEY PAPER 2 TITLE : DECENTRALIZED FUNDING PLATFORM BASED ON BLOCKCHAIN TECHNOLOGY AUTHOR: Anitha Moses V , Harini B, Beneta Getzie M, Deepika T YEAR: 2021 ABSTRACT: Crowdfunding is a method of raising funds from a large number of funders to start a new business or for charitable purposes using the internet. An important factor for the people involved in raising these funds is trust and the temporary funds of the recipient is stored in the fundraising organization, so to attract funders to donate their funds to the recipient, trust is the important capital for the fundraising organization. In the existing method of online crowdfunding, the contributor does not have any control over the money that they have contributed. Since in the existing method the fundraising organization has all the control over the money contributed, they can very easily perform malicious activities. The problem faced by this existing system can be addressed by using blockchain concept. Blockchain in crowdfunding allows decentralization which suggests that nobody within the network as control over the blocks which makes it transparent to everyone within the blockchain. In this proposed method all the activities performed in a crowdfunding campaign are managed by using the blockchain concept. Each transaction is recorded in the blockchain network to ensure that the amount is received by the valid recipient.
- 5. LITERATURE SURVEY PAPER 3 TITLE : Platform for the social and solidarity economy based on Islamic finance-derived crowdfunding: a blockchain infrastructure AUTHOR: Elalaoui Elabdallaoui Hasna; Elfazziki Abdelaziz; Sadgal Mohamed YEAR: 2022 ABSTRACT: Crowdfunding is starting to compete with the traditional mode of funding and has allowed startups to raise funds without too much red tape and bureaucracy. In this work, we propose a participatory platform for the social and solidarity economy, based on blockchain technology, smart contracts and a mode of financing inspired by Islamic financing. This mode of financing is based on the prohibition of interest, uncertainty and speculation and is based mainly on the principle of active partnership: "Musharaka". Donations are also considered and managed as financial assets. It is based on the direct ownership of tangible assets and investment operations through the principle of sharing profits or losses which promotes partnership and a more equitable sharing. The introduction of blockchain in crowdfunding makes this type of funding more reliable, transparent, decentralized, profitable and convenient. The crowdfunding platform is proposed for a project that consists of equitable water distribution and irrigation compatible with ecosystems in the Haouz region of Morocco.
- 6. LITERATURE SURVEY PAPER 4 TITLE : Creating value in equity crowdfunding platforms using blockchain technology AUTHOR: Rui Nunes; Bráulio Alturas; Adriana L. Fernandes YEAR: 2021 ABSTRACT: Crowdfunding platforms are increasingly used as a means of attracting investment, donations or loans to finance projects, companies, organizations and causes. In equity crowdfunding, the investor acquires a stake in a company or project and is remunerated according to its success. This article aims to demonstrate how Distribuited Ledger Technology (Blockchain) can help mitigate some of the problems associated with equity crowdfunding platforms or even add features and capabilities, making them more appealing to fundraisers and investors. Through the design and modeling of an equity crowdfunding platform that uses a deconcentrated ledger to record the transactions that took place there, with the capacity to load and execute smart contracts, it was possible to verify that blockchain technology can create value in this type of platform, being able to mitigate or even solve some of the problems associated with this type of crowdfunding.
- 7. LITERATURE SURVEY PAPER 5 TITLE : Research on the Application Model of Public Welfare Crowdfunding Based on Blockchain Technology AUTHOR: Ye Fan; Chen Ao; Liang Jingren YEAR: 2021 ABSTRACT: With the improvement of China's economic level and science and technology, the public welfare crowdfunding industry is booming, and at the same time, it has gradually exposed many existing shortcomings in the industry. Aiming at the current pain points in the field of public welfare crowdfunding, based on the open consensus, decentralization, and non- tamperable technical characteristics of the blockchain and its available points in the field of public welfare crowdfunding, this article introduces the concept of "public welfare points", innovatively A new application mode of public welfare crowdfunding with reasonable incentive operation mechanism is proposed.
- 8. MOTIVATION OF THE PROJECT • Enable the crowdfunding of projects that have a positive social impact, ranging from charitable causes to community-driven initiatives, contributing to the betterment of society. • Align the project with the principles of decentralization, transparency, and security inherent in blockchain technology, promoting a paradigm shift in the crowdfunding landscape. • Embrace cutting-edge technologies like blockchain and smart contracts to bring innovation to the crowdfunding space, aligning with the evolving landscape of financial technology.
- 9. EXISTING SYSTEM In the Existing system, the organization adheres to a conventional approach for gathering funds by utilizing donation books directly sourced from individuals. This traditional method of crowdfunding for poverty alleviation centers around garnering support from the community and fostering collective action to address distinct needs, thereby enhancing the well-being of those confronting financial hardships. Consequently, the donation amounts remain undisclosed, maintaining privacy. Individuals are only required to reveal their own contributions towards assisting the impoverished.
- 10. DISADVANTAGES • The Existing method may lack transparency, as the specific details of individual donations are not publicly disclosed. • The reach of traditional methods may be limited to a local community, hindering the potential for a broader, global audience. • Manual record-keeping and offline engagement may lead to inefficiencies and increased administrative overhead.
- 11. PROPOSED SYSTEM • Decentralization: The platform operates on a decentralized network, removing the need for a central authority and promoting trust through transparent and tamper-resistant transactions. • Blockchain Security: Utilizes blockchain technology for secure and immutable transactions, reducing the risk of fraud and ensuring transparency in the use of funds. • Global Accessibility: Eliminates geographical restrictions, allowing users from around the world to participate in crowdfunding campaigns, fostering a more inclusive environment. • Through the use of blockchain technology, the proposed system promotes trustless transactions, where the tamper-resistant nature of the blockchain ensures transparency and security.
- 12. ADVANTAGES • access to a global network of potential donors • Automation of processes through smart contracts reduces manual efforts • The tamper-resistant nature of blockchain reduces the risk of fraud. • Trust is built on the transparency
- 13. SYSTEM CONFIGURATION H/W SYSTEM CONFIGURATION: • Processor - Intel i3,i5,i7, AMD Processor • RAM - above 4 Gb • Hard Disk - 500 GB
- 14. S/W SYSTEM CONFIGURATION: • Operating System - Windows 7/8/10 • Front End - Html, Css • Language -Java • Tool - Netbeans
- 16. MODULE DESCRIPTIONS LIST OF MODULE: – Authentication & Campaign Management – Blockchain Integration & Donation Processing – User Interaction & Compliance
- 17. Authentication & Campaign Management This module focuses on user authentication and campaign management to ensure secure access and effective utilization of the crowdfunding platform. The User Authentication component manages user registration, login, and password recovery, enhancing platform security. Meanwhile, the Campaign Management functionality empowers users to create, edit, and conclude crowdfunding campaigns, providing a robust platform for fundraising activities.
- 18. Blockchain Integration & Donation Processing At the core of the project, this module handles the integration with the blockchain network using Java and oversees the donation process. The Blockchain Integration component facilitates secure communication with the blockchain, incorporating smart contracts for transparent fund handling. The Donation Processing functionality manages contributions, verifies transactions, and updates campaign funding status, ensuring the accuracy and transparency of financial records.
- 19. User Interaction & Compliance Module: • This module is designed to enhance user interaction, security, and legal compliance. The User Wallet component enables users to manage funds, supporting both cryptocurrency wallets and fiat currency transactions. The Community Engagement functionality fosters interaction through social sharing, comments, and community forums, creating a sense of collective support. Additionally, the module ensures legal compliance through the Legal Compliance component, conducting checks and managing documentation to build trust with users and comply with relevant laws. • This modular design ensures a clear separation of concerns, making the system more maintainable, scalable, and adaptable to future changes. Each module encapsulates specific functionalities, promoting reusability and ease of development and maintenance.
- 20. CONCLUSION Our blockchain-based crowdfunding platform, driven by Java and smart contracts, aims to reshape fundraising dynamics. Smart contracts ensure secure and transparent transactions, fostering trust and efficiency. User authentication and wallet integration. The intuitive user interface promotes community engagement, transparency, and a seamless crowdfunding experience. Through decentralization and technological innovation, this project seeks to revolutionize crowdfunding, offering a global, accessible, and inclusive platform for supporting diverse initiatives. Overall, it represents a significant leap towards a more secure, transparent, and user-centric crowdfunding ecosystem to help peoples who are in need.
- 21. REFERENCE [1] Harsh Shankar Rao,Pranjal Sinha,Shaan Subbaiah B C,V K Prithvik Aniketh,Namratha M-“Blockchain Based Crowdfunding Platforms”,2023. [2] Darshan M,S.R Raswanth,Sundeep V V S Akella,Priyanka Kumar-"A Secured Distributed Ledger Based Fundraising Framework Using Smart Contracts",2021. [3]Hanwei Zhu,Nan Wang,Sid Chi-Kin Chau,Majid Khonji-"Blockchain-enabled Decentralized Anonymous Crowdsourcing Based on Anonymous Payments",2023 [4] A. M. Petruzzelli, A. Natalicchio, U. Panniello and P. Roma, "Understanding the crowdfunding phenomenon and its implications for sustainability", Technological Forecasting and Social Change, vol. 141, pp. 138-148, 2019. [5] W. Cai, F. Polzin and E. Stam, "Crowdfunding and social capital: A systematic review using a dynamic perspective", Technological Forecasting and Social Change, vol. 162, pp. 120412, 2021.
- 22. [6] K. VIDYA, H. I. Hussain, V. Celestine, V. Kumar and V. N. J. ROBERT, Security Enhanced Crowdfunding Using Blockchain and Lattice Based Cryptosystem, 2022. [7] M. Sahu, A. Gangaramani and A. Bharambe, "Secured crowdfunding platform using blockchain", Intelligent Computing and Networking: Proceedings of IC-ICN 2020, pp. 27-39, 2021. [8] N. Yadav and S. V, "Venturing Crowdfunding using Smart Contracts in Blockchain", 2020 Third International Conference on Smart Systems and Inventive Technology (ICSSIT), pp. 192-197, 2020. [9] Siddhesh Jadye, Yash Khodankar Swarup Chattopadhyay and Nita Patil, Decentralized Crowdfunding Platform Using Ethereum Blockchain Technology, 2021. [10] D. Cumming, L. Hornuf, M. Karami et al., "Disentangling Crowdfunding from Fraudfunding", J Bus Ethics, 2021, [online] Available: https://doi.org/10.1007/s10551-021-04942-w.