Charity with Clarity: Crowd Funding Using Smart Contracts

Abstract

Crowdfunding is an online fundraising method originally designed for the public to donate money to support the work of creative people. Crowdfunding uses blockchain technology to provide smart contracts to users. This enables to deliver public services in a safe, transparent and secure way. The mission of this project is to provide an interactive model for performing arts and donations. Both campaign sponsors and donors can create and support campaigns by viewing or submitting approval requests and completing requests through the system. Donors can also see the progress of the money they donate. All transactions will be recorded on the blockchain and stored in blocks. The use of smart contracts in blockchain is very interesting. Without the help of a trusted third party, blockchain-based agreements must be negotiated, executed, and implemented between untrusted participants. It is important to create all the code that will run on the blockchain. Blockchain was first used as the basis for cryptocurrencies but has spread to many other industries in recent years. Blockchain is expected to become the most widely used technology as a green way of doing business online. The biggest problem in today's global economy is that competition is not tightly controlled and some financial reports turn out to be lies. Leveraging the Ethereum smart contract in the field of crowdfunding, this project aims to reduce these concerns, eliminate fraud and allow contracts to be executed completely mechanically by ensuring that the initiative continues within a certain period of time.