Ethereum-Based Decentralized Crowdfunding Platform

Crowdfunding refers to investments of people in some projects and businesses. Sometimes, it also refers to donations from people for societal goodness. Many online platforms are available that support crowdfunding for different purposes. But most of the time investors or donors have a kind of doubt about whether their money is being utilized for the right purpose or not. The platforms are centralized; once the organization receives the donation, donors have no idea about the further transactions which the organization does. Many times, crowdfunding campaigns are not monitored and some of them have proven to be bogus. Due to such issues, projects have been extensively delayed in their completion. So, crowdfunding platforms are one area in which blockchain technologies can be used. Blockchain has been used in many different sectors to increase transparency among the users and people involved in the system. Blockchain is predicted to be used by the majority of technology as an effective method of conducting transactions online in the future. By integrating Ethereum-based contracts into the crowdfunding campaign, this project aims to overcome these problems, allowing the contracts to be fully automated, preventing fraud, and ensuring that projects are completed within the specified timeframe.