Crowdfunding is a financing method that involves funding a project with relatively modest contributions from a large group of individuals, rather than seeking substantial sums from a small number of investors. This Crowd-Funding platform powered by blockchain technology eliminates the need for a middleman third party in a number of ways, enhancing and supporting the practice.
The major problems with the Current Crowdfunding Platforms that we wanted to solve were :
Security : As the funds become larger, they need to be heavily secure, although stringent measures such as symmetric encryption are in place to make e-payment safe and secure,it is still vulnerable to hacking. Blockchain — which has never been compromised yet — can provide that level of security.
Transparency and Anti-Fraud : We have seen, and continue to see a lot of crowdfunding scams happening around. There is no way to see where the funds are being used. We wanted to make the entire flow of funds transparent at every stage, so that there is no possibility of the money being misused.
Global contribution : With some of the platforms being country specific, it becomes hard for people from other countries to contribute to various campaigns. Using blockchain anyone in the world can contribute to the campaign. Transactions are quick and convenient.
1)GO TO SRC FOLDER INSIDE CLIENT FOLDER AND RUN THE COMMAND
npm i
npm run devKARTIK BHATT , JENIL JAIN and VEDANSH GUPTA.