Helphands: Empowering the Fundraising, Innovating With Blockchain and Smart Contracts

Abstract

The concept of crowdfunding, a method for online fundraising, has evolved to enable public contributions in support of creative projects. Leveraging blockchain technology, cro wdfunding platforms now integrate smart contracts, ensuring secure, transparent, and reliable transactions. This study focuses on the development of interactive interfaces for campaign creation and financial contributions, facilitating engagement for both creators and donors.

Campaign creators can propose initiatives and submit them for approval, while donors can browse and support projects through financial contributions. Transparency is ensured through blockchain recording of all transactions, offering immutable and transparent records.

The incorporation of smart contracts is pivotal in removing the need for intermediary trust in blockchain-based agreements. This work emphasizes the importance of developing executable code for blockchain execution, ensuring transaction integrity and security. Initially associated with cryptocurrencies, blockchain technology has expanded its applications across industries, offering a sustainable solution for internet transactions. Crowdfunding platforms stand to benefit significantly from blockchain integration.

Challenges in the current crowdfunding landscape include inadequate oversight and fraudulent investment schemes. By leveraging Ethereum smart contracts, this study seeks to address these challenges, enforcing time limits and automating contract execution to enhance trust and transparency in the crowdfunding process.