SOLIDCROWD - CROWD FUNDING PLATFORM USING BLOCKCHAIN

Abstract

SOLIDCROWD - CROWD FUNDING PLATFORM USING BLOCKCHAIN, aims to lever age blockchain technology to create a new decentralized crowdfunding platform that removes intermediaries and enhances transparency and security. The platform will allow project creators to directly interact with backers, providing a transparent and secure environment for crowdfunding campaigns. By leveraging blockchain, the proposed crowdfunding platform eliminates the need for intermediaries, allowing direct interaction between project creators and backers. Smart contracts deployed on the blockchain ensure the transparent and immutable execution of crowdfunding campaigns. The decentralized nature of the blockchain network enhances security, mitigating the risk of fraudulent activities and increasing trust among participants. The project also aims to address the issue of financial inclusion by allowing backers to participate using various cryptocurrencies, thereby removing barriers associated with traditional banking systems. Smart contract functionality ensures automated and secure distribution of rewards or returns to project backers, reducing administrative overheads and increasing efficiency.