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Secure and Enhanced Crowdfunding Solution Using Blockchain Technology

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Transforming Management with AI, Big-Data, and IoT

Abstract

In the modern world, online crowdfunding plays an important role where many investors can fund projects presented by various creators. Our project aims to compare the pros and cons of conventional crowdfunding and blockchain crowdfunding. In conventional crowdfunding, one faces many issues such as transparency issues, fraudulent issues, investor abuse etc. However, to overcome these issues, blockchain crowdfunding comes into play. Blockchain crowdfunding helps to overcome the issues faced in conventional crowdfunding. To implement blockchain crowdfunding, we have proposed a model named ‘Block Funding’, which is made using Ethereum smart contracts. It consists of a web app made of React/Next.js and Ethereum smart contracts used in the backend. It primarily focuses on all the basic crowdfunding features as well as voting through blockchain. Moreover, the model is deployed on a Rinkeby test network.

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Author information

Authors and Affiliations

  1. Department of Computer Science and Engineering, HMR Institute of Technology and Management, Delhi, India

    Lakshit Madaan & Dikshita Jindal

  2. School of Engineering and Technology, Sharda University, Uttar Pradesh, India

    Amit Kumar

  3. Department of computer science and engineering, NSUT East Campus Formerly AIACTR, Delhi, India

    Suresh Kumar

  4. Nodal Officer-Academics, State Project Implementation Unit, Uttar Pradesh, India

    Mahaveer Singh Naruka

Authors
  1. Lakshit Madaan
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  2. Dikshita Jindal
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  3. Amit Kumar
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  4. Suresh Kumar
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  5. Mahaveer Singh Naruka
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Corresponding author

Correspondence to Amit Kumar .

Editor information

Editors and Affiliations

  1. Department of Artificial Intelligence Engineering, AI and Robotics Institute, Near East University, Mersin, Turkey

    Fadi Al-Turjman

  2. Department of Computer Science and Engineering, G. L. Bajaj Institute of Technology and Management (GLBITM), Affiliated to AKTU, Greater Noida, India

    Satya Prakash Yadav

  3. School of Computer Science, University of Petroleum and Energy Studies, Dehradun, Uttar Pradesh, India

    Manoj Kumar

  4. Department of Information Technology, Rajkiya Engineering College, Banda, Uttar Pradesh, India

    Vibhash Yadav

  5. Department of Computer Science and Engineering, Faculty of Engineering and Technology, M. S. Ramaiah University of Applied Sciences, Bangalore, Karnataka, India

    Thompson Stephan

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Madaan, L., Jindal, D., Kumar, A., Kumar, S., Naruka, M.S. (2022). Secure and Enhanced Crowdfunding Solution Using Blockchain Technology. In: Al-Turjman, F., Yadav, S.P., Kumar, M., Yadav, V., Stephan, T. (eds) Transforming Management with AI, Big-Data, and IoT. Springer, Cham. https://doi.org/10.1007/978-3-030-86749-2_17

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  • DOI: https://doi.org/10.1007/978-3-030-86749-2_17

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  • Online ISBN: 978-3-030-86749-2

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