Blockchain-Driven Collective Funding Dapp

Abstract

Abstract: Blockchain technology has emerged as a disruptive force with the potential to revolutionize various industries, including crowdfunding. This study explores how blockchain can be applied to crowdfunding platforms to enhance transparency, security, and trust in the crowdfunding process. Through a thorough review of existing literature, analysis of current platforms, and the development of a prototype Decentralized Application (DApp) using React.js, Solidity, and other relevant technologies, this research demonstrates the promising prospects of blockchain in reshaping crowdfunding. The primary outcomes include mitigating fraud, enhancing accountability, and empowering both project creators and contributors. This paper offers a detailed examination of the research, laying the groundwork for a blockchain-driven collective funding DApp that utilizes React.js for frontend development, Solidity for smart contracts, and other contemporary technologies.