A Blockchain-Driven Approach to Crowdfunding for Student's Research Financing

Abstract

Crowdfunding is now a significant source of financing in the form of small sums of money from many individuals through internet websites. It is a significant source of backup for raising finance, especially for student research work, because it is a quicker and more convenient way to raise capital. Traditional crowdfunding websites are beset with issues regarding security threats in the form of fund misuse, manipulation, and data intrusion, detracting from trustworthiness and performance. This article recommends the use of blockchain technology as a solution to these issues. Blockchain's immutability, transparency, and decentralization ensure secure transactions and solve data integrity concerns. The principal elements of blockchain, including immutability, transparency, security, and smart contracts, are mentioned, demonstrating their role in enhancing crowdfunding for student research.