crowdfunding

1. ABSTRACT
• The aim of this project is to establish a decentralized
crowdfunding platform leveraging blockchain technology
and smart contracts. By utilizing Solidityfor development.
• The goal is to provide a secure and transparent ecosystem
where users can contribute funds to support various
causes.
• The platform aims to ensure trust through the immutability
of the blockchain, automate fund distribution via smart
contracts, and enhance accessibility for both project
creators and donors.
• Ultimately, the project seeks to revolutionize crowdfunding
by embracing the efficiency and transparency offered by
blockchain technology.

2. OBJECTIVES
• Enable Decentralized Crowdfunding: Develop a platform
that allows users to participate in crowdfunding without
relying on traditional intermediaries, promoting a
decentralized and inclusive fundraising environment.
• Utilize Blockchain Technology: Leverage the security and
transparency of blockchain to ensure trust and immutability
in transactions, fostering a reliable ecosystem for both
project creators and backers.
• Implement Smart Contracts: Integrate smart contracts
using Java to automate and enforce the terms of
crowdfunding agreements, facilitating automatic fund
disbursement upon meeting predefined criteria.

3. LITERATURE SURVEY
PAPER 1
TITLE : Building a Blockchain-Based Decentralized Crowdfunding Platform for Social and Educational Causes in the
Context of Sustainable Development
AUTHOR: Bogdan Tiganoaia & George-Madalin Alexandru
YEAR: 2023
ABSTRACT:
Blockchain technology contributes to achieving the Sustainable Development Goals. Education for sustainable
development (ESD) is UNESCO’s education sector response to the urgent and dramatic challenges the planet faces.
The traditional way of donating money to charitable causes, such as education, has been through centralized
methods and organizations that lack transparency, and donors often do not have a clear understanding of how their
contributions are being utilized. Blockchain technology, particularly, platforms like Ethereum and Polygon, has the
potential to address the issues associated with traditional donation systems. This paper proposes a decentralized
web3 application that utilizes blockchain technology to enhance transparency and efficiency in educational
donations in the context of sustainable development. The platform leverages decentralized protocols and smart
contracts to ensure secure and transparent transactions, enabling donors to track the utilization of their
contributions and ensuring their funds reach their intended beneficiaries. This paper discusses the design and
implementation of the platform, highlighting its features and potential for transforming the landscape of charitable
donations. This software application can be used in education, and a demo plus some scenarios/work cases are
presented/analyzed. The main results and contributions open other future research directions for not only authors.

4. LITERATURE SURVEY
PAPER 2
TITLE : DECENTRALIZED FUNDING PLATFORM BASED ON BLOCKCHAIN TECHNOLOGY
AUTHOR: Anitha Moses V , Harini B, Beneta Getzie M, Deepika T
YEAR: 2021
ABSTRACT:
Crowdfunding is a method of raising funds from a large number of funders to start a new business or
for charitable purposes using the internet. An important factor for the people involved in raising these
funds is trust and the temporary funds of the recipient is stored in the fundraising organization, so to
attract funders to donate their funds to the recipient, trust is the important capital for the fundraising
organization. In the existing method of online crowdfunding, the contributor does not have any control
over the money that they have contributed. Since in the existing method the fundraising organization
has all the control over the money contributed, they can very easily perform malicious activities. The
problem faced by this existing system can be addressed by using blockchain concept. Blockchain in
crowdfunding allows decentralization which suggests that nobody within the network as control over
the blocks which makes it transparent to everyone within the blockchain. In this proposed method all
the activities performed in a crowdfunding campaign are managed by using the blockchain concept.
Each transaction is recorded in the blockchain network to ensure that the amount is received by the
valid recipient.

5. LITERATURE SURVEY
PAPER 3
TITLE : Platform for the social and solidarity economy based on Islamic finance-derived crowdfunding: a
blockchain infrastructure
AUTHOR: Elalaoui Elabdallaoui Hasna; Elfazziki Abdelaziz; Sadgal Mohamed
YEAR: 2022
ABSTRACT:
Crowdfunding is starting to compete with the traditional mode of funding and has allowed startups to
raise funds without too much red tape and bureaucracy. In this work, we propose a participatory
platform for the social and solidarity economy, based on blockchain technology, smart contracts and a
mode of financing inspired by Islamic financing. This mode of financing is based on the prohibition of
interest, uncertainty and speculation and is based mainly on the principle of active partnership:
"Musharaka". Donations are also considered and managed as financial assets. It is based on the direct
ownership of tangible assets and investment operations through the principle of sharing profits or
losses which promotes partnership and a more equitable sharing. The introduction of blockchain in
crowdfunding makes this type of funding more reliable, transparent, decentralized, profitable and
convenient. The crowdfunding platform is proposed for a project that consists of equitable water
distribution and irrigation compatible with ecosystems in the Haouz region of Morocco.

6. LITERATURE SURVEY
PAPER 4
TITLE : Creating value in equity crowdfunding platforms using blockchain technology
AUTHOR: Rui Nunes; Bráulio Alturas; Adriana L. Fernandes
YEAR: 2021
ABSTRACT:
Crowdfunding platforms are increasingly used as a means of attracting investment, donations
or loans to finance projects, companies, organizations and causes. In equity crowdfunding,
the investor acquires a stake in a company or project and is remunerated according to its
success. This article aims to demonstrate how Distribuited Ledger Technology (Blockchain)
can help mitigate some of the problems associated with equity crowdfunding platforms or
even add features and capabilities, making them more appealing to fundraisers and
investors. Through the design and modeling of an equity crowdfunding platform that uses a
deconcentrated ledger to record the transactions that took place there, with the capacity to
load and execute smart contracts, it was possible to verify that blockchain technology can
create value in this type of platform, being able to mitigate or even solve some of the
problems associated with this type of crowdfunding.

7. LITERATURE SURVEY
PAPER 5
TITLE : Research on the Application Model of Public Welfare Crowdfunding Based on
Blockchain Technology
AUTHOR: Ye Fan; Chen Ao; Liang Jingren
YEAR: 2021
ABSTRACT:
With the improvement of China's economic level and science and technology, the public
welfare crowdfunding industry is booming, and at the same time, it has gradually exposed
many existing shortcomings in the industry. Aiming at the current pain points in the field of
public welfare crowdfunding, based on the open consensus, decentralization, and non-
tamperable technical characteristics of the blockchain and its available points in the field of
public welfare crowdfunding, this article introduces the concept of "public welfare points",
innovatively A new application mode of public welfare crowdfunding with reasonable
incentive operation mechanism is proposed.

8. MOTIVATION OF THE PROJECT
• Enable the crowdfunding of projects that have a positive social impact, ranging from
charitable causes to community-driven initiatives, contributing to the betterment of
society.
• Align the project with the principles of decentralization, transparency, and security
inherent in blockchain technology, promoting a paradigm shift in the crowdfunding
landscape.
• Embrace cutting-edge technologies like blockchain and smart contracts to bring
innovation to the crowdfunding space, aligning with the evolving landscape of financial
technology.

9. EXISTING SYSTEM
In the Existing system, the organization adheres to a conventional approach for
gathering funds by utilizing donation books directly sourced from individuals. This
traditional method of crowdfunding for poverty alleviation centers around
garnering support from the community and fostering collective action to address
distinct needs, thereby enhancing the well-being of those confronting financial
hardships. Consequently, the donation amounts remain undisclosed, maintaining
privacy. Individuals are only required to reveal their own contributions towards
assisting the impoverished.

10. DISADVANTAGES
• The Existing method may lack transparency, as the specific details of individual
donations are not publicly disclosed.
• The reach of traditional methods may be limited to a local community, hindering
the potential for a broader, global audience.
• Manual record-keeping and offline engagement may lead to inefficiencies and
increased administrative overhead.

11. PROPOSED SYSTEM
• Decentralization: The platform operates on a decentralized network, removing the need
for a central authority and promoting trust through transparent and tamper-resistant
transactions.
• Blockchain Security: Utilizes blockchain technology for secure and immutable
transactions, reducing the risk of fraud and ensuring transparency in the use of funds.
• Global Accessibility: Eliminates geographical restrictions, allowing users from around the
world to participate in crowdfunding campaigns, fostering a more inclusive environment.
• Through the use of blockchain technology, the proposed system promotes trustless
transactions, where the tamper-resistant nature of the blockchain ensures transparency
and security.

12. ADVANTAGES
• access to a global network of potential donors
• Automation of processes through smart contracts reduces manual efforts
• The tamper-resistant nature of blockchain reduces the risk of fraud.
• Trust is built on the transparency

13. SYSTEM CONFIGURATION
H/W SYSTEM CONFIGURATION:
• Processor - Intel i3,i5,i7, AMD Processor
• RAM - above 4 Gb
• Hard Disk - 500 GB

14. S/W SYSTEM CONFIGURATION:
• Operating System - Windows 7/8/10
• Front End - Html, Css
• Language -Java
• Tool - Netbeans

15. ARCHITECTURE DIAGRAM

16. MODULE DESCRIPTIONS
LIST OF MODULE:
– Authentication & Campaign Management
– Blockchain Integration & Donation Processing
– User Interaction & Compliance

17. Authentication & Campaign Management
This module focuses on user authentication and campaign
management to ensure secure access and effective utilization of the
crowdfunding platform. The User Authentication component
manages user registration, login, and password recovery, enhancing
platform security. Meanwhile, the Campaign Management
functionality empowers users to create, edit, and conclude
crowdfunding campaigns, providing a robust platform for
fundraising activities.

18. Blockchain Integration & Donation Processing
At the core of the project, this module handles the integration with the
blockchain network using Java and oversees the donation process. The
Blockchain Integration component facilitates secure communication with
the blockchain, incorporating smart contracts for transparent fund
handling. The Donation Processing functionality manages contributions,
verifies transactions, and updates campaign funding status, ensuring the
accuracy and transparency of financial records.

19. User Interaction & Compliance Module:
• This module is designed to enhance user interaction, security, and
legal compliance. The User Wallet component enables users to
manage funds, supporting both cryptocurrency wallets and fiat
currency transactions. The Community Engagement functionality
fosters interaction through social sharing, comments, and
community forums, creating a sense of collective support.
Additionally, the module ensures legal compliance through the
Legal Compliance component, conducting checks and managing
documentation to build trust with users and comply with relevant
laws.
• This modular design ensures a clear separation of concerns,
making the system more maintainable, scalable, and adaptable to
future changes. Each module encapsulates specific functionalities,
promoting reusability and ease of development and maintenance.

20. CONCLUSION
Our blockchain-based crowdfunding platform, driven by Java and smart contracts, aims
to reshape fundraising dynamics. Smart contracts ensure secure and transparent
transactions, fostering trust and efficiency. User authentication and wallet integration.
The intuitive user interface promotes community engagement, transparency, and a
seamless crowdfunding experience. Through decentralization and technological
innovation, this project seeks to revolutionize crowdfunding, offering a global,
accessible, and inclusive platform for supporting diverse initiatives. Overall, it represents
a significant leap towards a more secure, transparent, and user-centric crowdfunding
ecosystem to help peoples who are in need.

21. REFERENCE
[1] Harsh Shankar Rao,Pranjal Sinha,Shaan Subbaiah B C,V K Prithvik Aniketh,Namratha M-“Blockchain
Based Crowdfunding Platforms”,2023.
[2] Darshan M,S.R Raswanth,Sundeep V V S Akella,Priyanka Kumar-"A Secured Distributed Ledger
Based Fundraising Framework Using Smart Contracts",2021.
[3]Hanwei Zhu,Nan Wang,Sid Chi-Kin Chau,Majid Khonji-"Blockchain-enabled Decentralized
Anonymous Crowdsourcing Based on Anonymous Payments",2023
[4] A. M. Petruzzelli, A. Natalicchio, U. Panniello and P. Roma, "Understanding the crowdfunding
phenomenon and its implications for sustainability", Technological Forecasting and Social Change, vol.
141, pp. 138-148, 2019.
[5] W. Cai, F. Polzin and E. Stam, "Crowdfunding and social capital: A systematic review using a dynamic
perspective", Technological Forecasting and Social Change, vol. 162, pp. 120412, 2021.

22. [6] K. VIDYA, H. I. Hussain, V. Celestine, V. Kumar and V. N. J. ROBERT, Security Enhanced Crowdfunding
Using Blockchain and Lattice Based Cryptosystem, 2022.
[7] M. Sahu, A. Gangaramani and A. Bharambe, "Secured crowdfunding platform using
blockchain", Intelligent Computing and Networking: Proceedings of IC-ICN 2020, pp. 27-39, 2021.
[8] N. Yadav and S. V, "Venturing Crowdfunding using Smart Contracts in Blockchain", 2020 Third
International Conference on Smart Systems and Inventive Technology (ICSSIT), pp. 192-197, 2020.
[9] Siddhesh Jadye, Yash Khodankar Swarup Chattopadhyay and Nita Patil, Decentralized
Crowdfunding Platform Using Ethereum Blockchain Technology, 2021.
[10] D. Cumming, L. Hornuf, M. Karami et al., "Disentangling Crowdfunding from Fraudfunding", J Bus
Ethics, 2021, [online] Available: https://doi.org/10.1007/s10551-021-04942-w.