Crowd Funding using Smart Contract in Blockchain

Abstract

Abstract: Crowdfunding is that the practice by which a personal company can raise funds for a project, where an outsized number of people contribute touch of money, typically via the online. In today’s world whenever an entrepreneur wants to implement his idea into the world, he needs some money to bring his idea to life. Earlier when crowdfunding platform weren't available the entrepreneur were ready to target only a limited number of people for funding of the project also it absolutely was very difficult for them to attain dead set the those who can fund the project. Now a day’s sort of crowdfunding platform like Kickstarter exists which allows the entrepreneur to post their ideas on the platform where backers can see the project and might contribute some amount of money thereto project. These crowdfunding platforms made it easier for the entrepreneur to reach resolute an outsized crowd worldwide who can support their project. within the prevailing crowdfunding system, despite having many advantages there are some problem related to these systems like charging an infinite amount of money for maintenance, transparency within the system, and trust. Our application can remove these problems related to the current crowdfunding system by providing a more transparent system where every transaction could also be stored on the blockchain using the Smart Contracts.