Decentralized Crowdfunding Platform using Smart Contracts

Abstract

Crowdfunding is an online cash raising technique which has been started to encourage the ideas of innovative minds of people by investing the required quantity of money on them. Using crowdfunding, people can put resources into spearhead businesses through a platform. The issue faced during the today’s world of crowdfunding technique is that, intermediator doesn't give the assurance to the investor who contributed money for the project and also the investor doesn't have any control over the cash they invested. To overcome this major problem, a blockchain based technique is used to provide a private, secure and decentralized platform for crowdfunding. The main objective is to create a smart contract to let investors contribute to any innovational ideas where the assurance of the money is guaranteed.