This slideshow depicts the overall information about creating smart contracts for crowdfunding

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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
S. No. Register number Name of the Student
1 U18CS047 VUNNAM MOULI
2 U18Cs052 N. SAI CHINNI KRISHNA
3 U18CS051 D.V.S LAXMAN RAO
4 U18CS035 D. SARATH KRISHNA
BATCH No.: A4
GUIDED BY: Mrs. M. Samundeeswari
PRESENTATION : PHASE 1 – END SEMESTER EXAMINATION
PROJECT TITLE : Creating Smart Contracts for Crowdfunding

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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
AGENDA :
Objective
Applications
Literature Survey
Base paper
Existing System
Methodology to implement the Proposed System
Proposed System - Block Diagram
References
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
OBJECTIVE
The main objective of the project is Automating the process of investment
There is no need for third party
Secure data storage
Immutability
Speed and efficiency
Increasing transparency
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
APPLICATIONS
• Government voting system: Smart contracts provide a secure environment
making the voting system less susceptible to manipulation.
• Healthcare: Blockchain can store the encoded health records of patients
with a private key.
• Financial services.
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
LITERATURE SURVEY
lei guan discussed about a popular online fundraising method, named
crowdfunding. One of the
most useful types is reward-based crowdfunding, where the return is tangible
products. His researches
from three streams, the conceptual research, the empirical research, and the
modelling research.
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
Ethan Mollick Crowdfunding allows founders of for-profit, artistic, and
cultural ventures to fund
their efforts by drawing on relatively small contributions from a relatively
large number of individuals
using the internet, without standard financial intermediaries. Drawing on a
dataset of over 48,500
projects with combined funding over $237M, this paper offers a description of
the underlying dynamics
of success and failure among crowdfunded ventures.
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
It suggests that personal networks and underlying
project quality are associated with the success of crowdfunding efforts, and
that geography is related to
both the type of projects proposed and successful fundraising. Finally, I find
that the vast majority of
founders seem to fulfill their obligations to funders, but that over 75% deliver
products later than
expected, with the degree of delay predicted by the level and amount of
funding a project receives.
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
These results offer insight into the emerging phenomenon of crowdfunding,
and also shed light more generally
on the ways that the actions of founders may affect their ability to receive
entrepreneurial financing
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
BASE PAPER
https://www.termpaperwarehouse.com/essay-on/Crowd-Funding/342494
https://ieeexplore.ieee.org/abstract/document/8845133
https://link.springer.com/chapter/10.1007/978-3-319-70278-0_31
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3443382
https://www.worldscientific.com/doi/abs/10.1142/9789811220470_0005
https://ieeexplore.ieee.org/abstract/document/8845133
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
EXISTING SYSTEM
PRESENTATION : PHASE 1 – END SEMESTER EXAMINATION

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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
1.KICK STARTER
PROCEDURE:
• Kickstarter is one of number of a crowdfunding platform for gathering
money from the public which circumvents traditional avenues of investments.
• Kickstarter applies 5% fee on the total amount of funds raised.
• Project creators choose a deadline and a minimum funding goal, if the goal is
not met by the deadline no funds are collected.
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
Merits:
• Kickstarter is only for creative projects like arts , comics, music video,
movie and Journalism.
• Kickstarter is going to require you to show a prototype to backers that
proves it works.
• Project creators keep 100% ownership of their work.
• Advertising is free until you meet your goal.
Demerits:
• Kickstarter takes 5% as fees and 3% additional charges for bank transfers.
• Every creator does not get succeed for providing the final product and all
the backers money is for vain.
• Scammers look at kickstarters as an platform providing easy money for a
fake product.
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
2.FUNDSURFER
PROCEDURE:
• Fundsurfer is a crowdfunding platform with different types of money can be
donated.
• Both fiat and bitcoin can be donated by the backers.
• The fees are only taken from a projects funding total when it is successfully
funded and your backers have made payment.
• The charges are for platform, bank transfer, crypto transfer, non European
cards .
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Fundsurfer
Bitcoin
Ireland
New York
Backer
Moscow

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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
Merits:
• As bitcoin can also be funded, we can transfer the funds to every corner in
the world.
• Fundsurfer is not only for creative projects and also for charity.
Demerits:
• The bitcoin rate fluctuates time to time, so it may effect the bankers and
creators.
• The charges are way more higher than other crowdfunding platforms.
• Scammers look at Fundsurfer as an platform providing easy money for a
fake product.
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
3.INDIEGOGO
PROCEDURE:
• Indiegogo is a American crowd funding website, it allows people to solicit
funds for an idea, charity and start up business.
• Charges 3% for bank transaction.
• The site runs on a reward based system.
• Indiegogo launched Indiegogo Life , which is a fund raising platform for
medical expenses and emergencies later acquired by GoFundMe.
• The campaign owners may not create a campaign that rise funds for illegal
activities such as alcohol, drugs , weapons.
• Indiegogo also funds for creative projects.
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
Merits:
• Indiegogo is one of the two most popular crowd funding websites.
• Indiegogo has looser guidelines than kickstarter , letting user funds
campaign that kickstarter would not.
• Ex: kickstarter would not allow funding for healthcare projects.
• You don’t have to be fully funded to receive your cash.
Demerits:
• Indiegogo has been criticized for not protecting the backers from the
scammers.
• In some states in the US you may need business license to receive the funds.
• Fees can be has high as 9 percentage.
• You are still contracted to give the rewards to the bankers even though you
are not fully funded.
PRESENTATION : PHASE 1 – END SEMESTER EXAMINATION

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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
Methodology to implement the proposed system
We create a web application which uses smart contracts to store and release
funds. The amount donors donated are stored by smart contracts , The seeker
or creator have to make a request for releasing of funds for his need. If
majority of donors approve the request then the funds are released to the
creator. This wole process is automated and digitally agreed by the both
parties.
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
PRESENTATION : PHASE 1 – END SEMESTER EXAMINATION

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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
Proposed System - Block Diagram
PRESENTATION : PHASE 1 – END SEMESTER EXAMINATION

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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
Proposed System Block Diagram
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
References
[1] lei guan, “A short literature review on reward-based crowdfunding”,
Department of management Science and logistics Management, vol.
31,no.3,pp. 208-213,2007
[2] Atluri devija Choudhary, “Role of blockchain technology in
crowdfunding”,
4th International conference on Management, Economics and Finance, 10-12
sep 2021.
[3] Ethan Mollick, “The Dynamics of crowdfunding: An exploratory study”,
13 aug 2013
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
Allison, T. H., Davis, B., & Short, J. (2014). Crowdfunding in a prosocial
micorlending environment .
Belle , P., Lambertz , T., & Schwienbacher, A. Crowdfunding: An Industrial
Organization Perspective. Digital Business Models: Understanding Strategies.
Bretschneider, U., Knaub, K., & Wieck, E. MOTIVATIONS FOR
CROWDFUNDING: WHAT DRIVES THE CROWD TO INVEST IN
START-UPS? Twenty Second European Conference on Information Systems.
indiegogo. (2012). Retrieved from scribd.com: www.scribd.com/indiegogo
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
Mitra , T., & Gilbert, E. (2012). The Language that Gets People to Give:.
Mitra, T., & Gilbert, E. (2013). The Language that Gets People to
Give:Phrases that Predict Success on Kickstarter. 5-7.
Ordanini , A., Marta , L. M., & Par, P. (2011). Crowd‐funding: transforming
customers into investors through innovative service. Journal of service
management .
Ordanini, A., Miceli, L., & Pizzete, M. (2011). transforming customers into
investors through innovative service. Emerald , 10-20.
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DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
Schwienbacher, A. L. (2012). Crowdfunding of small entrepreneurial ventures.
The Oxford Handbook ENTREPRENEURIAL FINANCE .
wikipedia/crowdfunding. (n.d.). Retrieved from www.wikipedia.org:
http://en.wikipedia.org/wiki/Crowdfunding
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