A02_Abstract_Seminar-1345789765435678.pptx

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1. Sreenidhi Institute of Science and Technology Department of Computer Science and Engineering Abstract seminar on CROWDFUNDING PLATFORM USING BLOCKCHAIN Batch No: A 2 L.Akhila 21311A0514 Ch.Sarvendhri 21311A0530 T.Shivani 21311A0549 Internal Guide Project Coordinator Head of the Department Dr. Aruna Varanasi Mrs. B . Vasundhara Devi Dr. K. Shirisha Professor Assistant Professor Professor & HoD CSE

2. Contents Abstract Introduction Literature Overview Existing model Proposed model Hardware and software requirements References

3. ABSTRACT The Blockchain Crowdfunding Platform is designed to solve common problems faced by traditional crowdfunding systems, such as high fees, lack of transparency, and the misuse of funds, especially in non-profit projects. By using blockchain technology and smart contracts, this platform ensures that funds are only released when specific project milestones(specific goals or checkpoints created by the project creator) are reached, providing better accountability and reducing the risk of mismanagement. Smart contracts, deployed on a blockchain like Ethereum, offer a secure and decentralized way to track all transactions, increasing trust between users and project creators. With lower transaction fees and global accessibility, the platform makes it easier for anyone to support both profit-driven and non-profit projects. This approach enhances the transparency, security, and efficiency of crowdfunding for all participants. KEY WORDS Blockchain Crowdfunding Platform, Smart contracts, Ethereum, Transparency, Accountability, Solidity, Transaction fees, Decentralized

4. INTRODUCTION CONTEXT: Traditional crowdfunding platforms face challenges like lack of transparency, high fees, and risks of fund misuse, particularly for nonprofit projects. These platforms are centralized, limiting global participation and user trust. PROBLEM: Current systems offer little visibility into fund usage, leading to distrust and potential misuse of contributions. High fees reduce available funds, and central control makes platforms vulnerable to fraud. SOLUTION: A Blockchain-based crowdfunding platform uses smart contracts to ensure funds are released based on milestones. This approach reduces fees, enhances transparency, and allows global participation, building greater trust and accountability.

5. Literature Overview Sno Author Name Year Review 1 Zohar, A. 2021 This study explores the integration of blockchain technology in crowdfunding, emphasizing its potential to increase transparency and trust. Zohar highlights how smart contracts can automate fund distribution based on project milestones, thereby reducing the risk of misallocation and enhancing accountability. 2 Wang, L., & Zhang, Y. 2020 This paper presents a comprehensive analysis of how blockchain technology can enhance the efficiency of crowdfunding. Wang and Zhang propose a model where funds are locked in smart contracts until project milestones are achieved, thus ensuring that contributors can trust the use of their donations. 3 Wenzlaff, K., & Schneider, C. 20 19 This article analyzes the challenges faced by crowdfunding platforms, including high transaction fees and geographical restrictions. The authors argue that blockchain technology can lower transaction costs and eliminate geographical barriers, making crowdfunding more accessible and efficient.

6. EXISTING SYSTEM Limited visibility into fund allocation and usage, leading to distrust among users. High transaction fees reduce the amount of funds available for projects. Risks of misallocation or misuse of funds, especially in nonprofit funding. Restricted participation due to geographical limitations. Trust relies on the platform operator, increasing vulnerability to fraud.

7. PROPOSED SYSTEM High transparency through publicly accessible smart contracts that detail fund usage. Lower transaction fees, maximizing funds available for project creators. Funds released based on predefined milestones, ensuring accountability. Global accessibility allows users from any location to participate. Enhanced trust through decentralized and immutable records on the blockchain.

8. HARDWARE AND SOFTWARE REQUIREMENTS HARDWARE CPUs, 32-64 GB RAM Ethereum(500 + GB disk) VMs , load balancers, CDNs HSMs , firewalls SOFTWARE React.js Ethereum Web3.js Solidity

9. REFERENCES https:// ijrpr.com /uploads/ V4ISSUE5 / IJRPR13659.pdf https:// www.ibm.com /blog/blockchains-potential-to-revolutionize-crowdfunding/ https:// pixelplex.io /blog/blockchain-in-crowdfunding/