Revolutionizing Crowdfunding Using Blockchain Technology


Authors : Himanshu Mehra; Chirag Bansal; Jatin Chopra; Vinod Kumar; Nehal Garg

Volume/Issue : Volume 8 - 2023, Issue 12 - December

Google Scholar : https://tinyurl.com/3x92344x

Scribd : https://tinyurl.com/4rnkm7kn

DOI : https://doi.org/10.5281/zenodo.10320708

Abstract : Cryptocurrencies are a game-changer in the world of finance and crowdfunding. They offer a secure and decentralised way for businesses to generate funds. Unlike traditional crowdfunding websites, cryptocurrency systems provide transparency and control over donated funds. Social media and crowdfunding platforms make it easier than ever to attract investors and entrepreneurs. Cryptocurrencies can give entrepreneurs access to international capital, improve transparency, and lower transaction costs. However, it is important to be aware of the risks, such as market volatility, security concerns, and regulatory issues. It is an exciting field with lots of potential. Cryptocurrency, like Bitcoin, has gained popularity as a decentralised digital currency, and crowdfunding has become a popular way for startups and projects to raise funds. High-level languages such as Solidity provide an abstract and user-friendly approach to developing smart contracts for crowdfunding platforms. These languages offer a more accessible way for developers to create and manage transactions, ensuring transparency and security. Exploring the intersection of blockchain technology, high-level languages, and crowdfunding can provide valuable insights into the future of finance and fundraising.

Keywords : Cryptocurrency, Crowdfunding, Entrepreneurial finance, Crypto assets, Decentralised, Transparency.

Cryptocurrencies are a game-changer in the world of finance and crowdfunding. They offer a secure and decentralised way for businesses to generate funds. Unlike traditional crowdfunding websites, cryptocurrency systems provide transparency and control over donated funds. Social media and crowdfunding platforms make it easier than ever to attract investors and entrepreneurs. Cryptocurrencies can give entrepreneurs access to international capital, improve transparency, and lower transaction costs. However, it is important to be aware of the risks, such as market volatility, security concerns, and regulatory issues. It is an exciting field with lots of potential. Cryptocurrency, like Bitcoin, has gained popularity as a decentralised digital currency, and crowdfunding has become a popular way for startups and projects to raise funds. High-level languages such as Solidity provide an abstract and user-friendly approach to developing smart contracts for crowdfunding platforms. These languages offer a more accessible way for developers to create and manage transactions, ensuring transparency and security. Exploring the intersection of blockchain technology, high-level languages, and crowdfunding can provide valuable insights into the future of finance and fundraising.

Keywords : Cryptocurrency, Crowdfunding, Entrepreneurial finance, Crypto assets, Decentralised, Transparency.

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