William Coker
Crowdfunding has long been utilized by company owners and stakeholders to swiftly raise funds. Fundraisers, institutions, and investors are all involved in crowdfunding contracts when they are centralized. The platforms serve as intermediaries between fundraisers and investors. Equity, debt, donation and reward-based crowdfunding would all be available through the platforms. Investor misuse, illicit activities, and security issues on the other hand, have plagued this industry. Blockchain technology offers a one-of-a-kind chance to enforce data integrity, security, and transparency. Blockchain is a digital ledger that records immutable transactions between users in a peer-to-peer network. The report’s goal is to leverage smart contracts to give answers to the aforementioned issues. The initiative also features a voting element, which guarantees that investors have a say in how, when, and what their money is spent on. Illegal acts such as money laundering are expected to be minimized due to blockchain’s unchangeable record. Using blockchain technology, authorities may be able to acquire a more accurate picture of the crowdfunding scene.
William Coker
