Crowdfunding for Social Impact using Blockchain

Abstract

Abstract: In the realm of philanthropy and social impact, crowdfunding has emerged as a powerful tool for mobilizing resources towards meaningful causes. This project investigates the fusion of crowdfunding into technology that uses blockchain to engender a platform for social giving which is transparent and efficient. The system enables users to donate funds securely using Ethereum cryptocurrency through the MetaMask wallet, ensuring transparency and traceability of transactions. At its core, the project leverages Solidity smart contracts deployed on the Sepolia network via Alchemy to manage donation campaigns. Next.js is employed to develop an intuitive user interface that simplifies the donation process. Each campaign on the platform represents a social cause, and donors can contribute directly to these campaigns. One of the characteristics of blockchain, decentralization makes sure that donations are transferred in a secure manner to the intended recipients or campaign creators, reducing intermediary costs and enhancing trust. The system promotes accountability by providing donors visibility into how their contributions are utilized. By utilizing blockchain technology, this project not only streamlines the donation process but also addresses concerns around transparency and accountability in traditional philanthropy. It empowers individuals to support causes they care about directly, fostering a more inclusive and impactful approach to social giving. This abstract aims to elucidate the essence of the project in a clear and accessible manner, inviting readers of all backgrounds to understand and appreciate the innovative intersection of blockchain and social impact crowdfunding.