International Journal of Innovative Research in Computer and Communication Engineering
ISSN Approved Journal | Impact factor: 8.771 | ESTD: 2013 | Follows UGC CARE Journal Norms and Guidelines
| Monthly, Peer-Reviewed, Refereed, Scholarly, Multidisciplinary and Open Access Journal | High Impact Factor 8.771 (Calculated by Google Scholar and Semantic Scholar | AI-Powered Research Tool | Indexing in all Major Database & Metadata, Citation Generator | Digital Object Identifier (DOI) |
| TITLE | BetterFund: A Crowdfunding Platform Powered by Blockchain |
|---|---|
| ABSTRACT | BetterFund is a blockchain-powered crowdfunding platform that addresses the limitations of both traditional and existing blockchain-based funding systems. It is built using Ethereum smart contracts written in Solidity, combined with a user-friendly frontend developed in React/Next.js and styled with Chakra UI, making it accessible to users with varying levels of technical expertise. Currently, the platform operates on the Rinkeby test network to minimize transaction costs during development and testing, but it is fully scalable to more cost-efficient blockchain networks for production deployment. A standout feature of BetterFund is its democratic withdrawal approval system, where only contributors who meet a specific contribution threshold can vote on fund withdrawals. Funds are released only when more than 50% of voters approve, reducing the risk of fund misuse. Every contribution, vote, and transaction is permanently recorded on the blockchain, ensuring security, transparency, and accountability, while enabling global participation for charitable, creative, and entrepreneurial projects. |
| AUTHOR | KANNAM AKSHAYA, DR. P. POORNIMA, DR.V. SUBBARAMAIAH, DR.K. RAJITHA Student, Department of Computer Science and Engineering, Mahatma Gandhi Institute of Technology, Gandipet, India Assistant Professor, Department of Computer Science and Engineering, Mahatma Gandhi Institute of Technology, Gandipet, India |
| VOLUME | 183 |
| DOI | DOI: 10.15680/IJIRCCE.2026.1404130 |
| pdf/130_BetterFund A Crowdfunding Platform Powered by Blockchain.pdf | |
| KEYWORDS | |
| References | [1] X. Li, Y. Chen, T. Zhang, and H. Dai, "A Blockchain-based Decentralized Crowdfunding Platform," Journal of Internet Technology, 2024, DOI: 10.1007/s10909-023-03123-x [2] A. M. J. A. Al-Jarrah and M. M. Al-Shayea, "A Conceptual Framework for Blockchain-Based Crowdfunding for Small and Medium-Sized Enterprises," International Journal of Electronic Commerce Studies, 2023, DOI: 10.1016/j.procs.2023.08.015 [3] P. F. A. Arru, P. M. T. De Pinho, and R. A. F. Lima, "Smart Contracts and Decentralized Autonomous Organizations (DAOs) for Crowdfunding," IEEE Access, 2023, DOI: 10.1109/ACCESS.2023.3288888 [4] J. Chen and B. Lee, "Security and Trust in Decentralized Crowdfunding using Blockchain and IPFS," Future Generation Computer Systems, 2023, DOI: 10.1016/j.future.2023.04.001 [5] S. P. P. Perera, A. M. H. K. Attanayake, and S. V. D. S. J. W. Siriwardana, "Mitigating Fraud in Crowdfunding with Immutable Blockchain Records," Journal of Financial Crime, 2023, DOI: 10.1108/JFC-01-2022-0021 [6] W. Sun, J. Yang, and Z. Liu, "Design and Implementation of a Blockchain-Based Reward Crowdfunding System," Applied Sciences, 2022, DOI: 10.3390/app122111166 [7] M. A. S. Khan and A. Gani, "Tokenization and Decentralization: The Future of Equity Crowdfunding on Blockchain," Sustainability, 2022, DOI: 10.3390/su141710953 [8] L. Wang and Y. Zhang, "Examining the Adoption of Initial Coin Offerings (ICOs) as a form of Blockchain Crowdfunding," International Journal of Information Management, 2022, DOI: 10.1016/j.ijinfomgt.2022.102555 |
