Sahaay: An AI and Blockchain-Enhanced Crowdfunding Platform

Abstract

Even while modern crowdfunding platforms have become quite popular, they still have problems that won’t go away, especially when it comes to centralized control, possible fund misappropriation, and not being open enough. People who would want to help with a project often don’t because they don’t believe it will work out or because they don’t like how the money is being handled. This article presents Sahaay, an innovative crowdfunding platform aimed at resolving these challenges through the integration of blockchain technology and artificial intelligence (AI). Sahaay employs a decentralized ledger to make sure that all transactions, from pledges to giving out money, are entirely open and can’t be modified. Smart contracts are designed to automatically distribute money to the proper persons when particular project milestones are reached. This means that people are more responsible and don’t have to perform things by hand as often. An AI-based assessment tool also checks the text, team, and market aspects of prospective campaigns to see how likely they are to work. The AI also lets a complicated recommendation system find the best sponsors for initiatives. This article discusses how the Sahaay platform is created in layers, what its primary pieces are (including machine learning models and smart contract logic), and how it functions. We also discuss crucial moral concerns and present a complete set of rules for figuring out how well the system works, how safe it is, and how easy it is to use. Sahaay combines the security of blockchain with the analytical power of AI to make a smart, safe, and efficient ecosystem that is ready to alter crowdfunding by generating trust and making projects more likely to succeed.