CROWD FUNDING FRAUD PREVENTION USING BLOCKCHAIN

【Author】 Deerajkumar, S.; Subash, I; ShanthaKumari, A.; Deepa, R.

【Source】INTERNATIONAL JOURNAL OF EARLY CHILDHOOD SPECIAL EDUCATION

【影响因子】0.000

【Abstract】Crowd funding fraud prevention using blockchain - Blockchain is shared that facilitates the process of recording transactions and tracking assests in in a network. virtually anything of value can be tracked and traded on block chain network, Generally People who are interested in a project can donate by making an online transaction. The donated money goes to the project manager, which he uses to complete the project or to make a product. This existing method of online crowdfunding has a major drawback. It does not allow contributors to have control over the money they have contributed. Since in the existing method the project manager has all the control over the money contributed he can very easily perform malicious activities. Here we address this problem faced by the existing online crowdfunding platforms by using ethereum network and smart contract. The development of Block chain technology has allowed businesses to build decentralized models. It has derived new methods to conduct transactions and make agreements. One of the technologies that propose an alternative to the traditional model is the smart contract. A smart contract is similar to a contract in the physical world, but it is digital and represented by a tiny computer program stored in a block chain.

【Keywords】Blockchain; Centralised & Decentralised Systems; Smart Contract

【发表时间】2022

【收录时间】2022-08-28

【文献类型】理论模型

【主题类别】

区块链应用-虚拟经济-金融领域