A Blockchain based Investment and Collective Support Mapping for Emerging Businesses

Abstract

Traditional small-scale business framework takes a centralized approach, with the necessary financing being done by local, independent institutions or individuals. The scenario can be improved with a decentralized platform that aids in finding investors for startups, agriculture, small scale industries and businesses. A decentralized platform that supports non-banking financial institutions to collaborate with entrepreneurs is also practically scarce. The proposed model aims at solving this problem by providing a secure, decentralized platform that brings together entrepreneurs, small scale businessmen, farmers and investors. It would create an extensive market that would satisfy the financial needs of small business and would encourage them and entrepreneurs alike. In this paper, we describe a Financial Mapping(FinMap) model, a revolutionary financial mechanism that uses blockchain technology to map investors, entrepreneurs, and the beneficiaries together in a secure manner. This model expects to devise a globally available, self-sustaining business environment where people with different needs work together.