Investigation of Decentralized Autonomous Blockchain Enabled Platform for Crowd Funding

Abstract

This research presents a way to crowdfunding that improves security, trust, and transparency in the process by utilizing smart contracts and blockchain technology. The method gives contributors a significant say in project choices by utilizing tokenization and decentralized autonomous organizations (DAOs). The report places special emphasis on how important fraud prevention, transparency, and identity verification are in the crowdfunding environment. A thorough case study demonstrates the advantages of decentralization, transparency, and security in the context of a decentralized equity crowdfunding process. It highlights how blockchain-based crowdfunding might change the crowdfunding industry and emphasizes its disruptive potential. There is potential for both project creators and backers in this paradigm change towards decentralization and transparency, which also has wider ramifications for the digital age finance ecosystem. The proposed system is implemented as a web application and integrated with the Ethereum and meta mask platforms for simulation.