International Islamic University Chittagong
Course Title: Project / Thesis
Course Code: CSE-4800
Supervisor:
Abdullahil Kafi
Assistant Professor,
Dept. Of CSE, IIUC
Our Presentation Topic
Blockchain Crowdfunding: Ensuring Integrity in Fundraising
Prepared by:
Md. Shahidul Islam (C193038)
Md. Mahtab Uddin (C201011)
Akil Tajwar Chowdhury (C201115)
Table of contents
01 02 03
Introduction Literature Review Problem Statement
04 05 06
Objective Methodology Flow Chart
07 08 09
Potential Outcome Gantt Chart Conclusion
Introduction
Crowdfunding has become a crucial avenue for raising capital, supporting
everything from creative projects to large-scale ventures. However,
traditional platforms like Kickstarter, Indiegogo, and GoFundMe have notable
limitations, including high fees and a lack of transparency. For instance,
Kickstarter charges up to 10%, while GoFundMe takes 2.2%2.9% per
donation. Additionally, only about 22% of campaigns succeed, meaning
nearly 80% fail to reach their funding goals. Blockchain technology can
address these challenges by lowering costs, providing real-time tracking,
and fostering a more transparent and inclusive fundraising
environment—especially for underfunded regions like Bangladesh.
Literature Review
1. Atluri Divija Choudary 2021
Focus: Revolutionizing crowdfunding with blockchain.
❖ Traditional crowdfunding faces fraud and transparency issues.
❖ Smart contracts ensure appropriate fund usage, fostering trust.
2. Md. Nazmus Saadat 2019
Focus: Ethereum smart contracts in crowdfunding.
❖ Addresses fraud and delayed execution in traditional platforms.
❖ Blockchain automates agreements, enhancing accountability and transparency.
Literature Review
3. Arjun Naik et al. 2024
Focus: Web3 technologies and decentralized crowdfunding.
❖ Removes intermediaries, lowers costs, and democratizes capital access.
❖ Enhances transparency and accountability through blockchain.
4.Khallikunaisa et al. 2022
Focus: Blockchain disaster relief crowdfunding platform
❖ Donors can track fund usage, increasing transparency.
❖ Smart contracts automate secure transactions, reducing fraud.
Literature Review
5. Amaan Ranapurwala et al. 2024
Focus: Securing crowdfunding transactions with blockchain.
❖ Smart contracts enable automated fund transfers based on milestones.
❖ Enhances transparency and trust through immutable blockchain records.
6. Guggenberger et al. 2023
Focus: Blockchain tokens in equity crowdfunding.
❖ Improves transparency, secure transactions, and equity management.
❖ Enhances liquidity and real-time ownership tracking.
Problem statement
● High Fees: Platforms like Kickstarter & Indiegogo charge 810%, reducing funds for
projects.
● Fraud and Mismanagement : 9% of projects fail to deliver rewards. 25% experience
significant delays, lowering backer confidence.
● Lack of Transparency : Contributors have limited insight into fund usage, which leads to
distrust.
● Geographical Restrictions : Restrictions platforms impose region-based limitations,
which are restricting global access.
Objective
● Develop a Decentralized Crowdfunding Platform: Create a blockchain-based DApp,
preferably on Ethereum or a similar network, to facilitate secure and transparent
project funding.
● Implement Transactions: Record all transactions on an immutable blockchain ledger
to ensure full transparency and prevent fraud.
● Automate Fund Management: Use smart contracts to manage campaign creation,
contributions, and fund disbursements based on predefined milestones, including
contributor voting on fund withdrawals.
● Design a User Friendly Interface: Develop an intuitive and accessible interface to
make the DApp usable for individuals with minimal blockchain knowledge.
Methodology
Platform Design
Smart Contracts
Frontend Development
Security & Testing
Community Governance
Launch & Compliance
Flowchart
Potential Outcomes
Increased Trust & Participation: Blockchain transparency and accountability
will foster greater trust and boost participation in campaigns.
Reduced Fraud: Smart contracts enforce project terms, minimizing fraud risk
and ensuring fair fund distribution.
Efficient Fund Management: Automated, milestone-based disbursements
ensure effective use of funds in alignment with project progress.
Global Accessibility: The platform will enable global fundraising, allowing users
from any region to contribute, removing geographical barriers.
Gantt Chart
Conclusion
This project is set to revolutionize the crowdfunding industry by seamlessly integrating
blockchain technology to solve long-standing challenges of fraud, transparency, and
accountability. Our decentralized platform, powered by smart contracts and
community-driven governance, will elevate trust and security to new heights, ensuring
that funds are disbursed efficiently and only when project milestones are met.
By lowering transaction costs and enhancing real-time transparency, we aim to
democratize fundraising on a global scale, making it more accessible and secure for
both creators and backers. This project not only represents a leap forward in
crowdfunding but also in the adoption of blockchain technology for real-world
applications. As we pioneer a new standard for integrity and trust, we are not just
creating a platform — we are reshaping the future of financial collaboration and
innovation.
References
1. Kickstarting blockchain: designing blockchain‑based tokens for equity crowdfunding
2.Blockchain-Based Crowdfunding Platform for Disaster Relief and Effective Charity
3.Crowdfunding System based Blockchain
4.Role of Blockchain Technology in Crowdfunding
5.Blockchain based crowdfunding systems
6.Where does Bangladesh stand on adopting Blockchain technology?
7.DECENTRALIZED CROWDFUNDING SYSTEM USING BLOCKCHAIN
8.Role of Blockchain Technology in Crowdfunding
9.Why Crowdfunding Campaigns Fail: Common Pitfalls and How to Avoid Them
10.9% of All Funded Kickstarters Fail to Deliver Backer Rewards
