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.
