Project

Crowdsource funding solution based on blockchain tokens

In this generation, when an entrepreneur wants to bring his ideas to life he will start searching for funds. There are people around the globe who have small amounts of money that they can invest in ideas that might grow bigger or solve problems faced by them in real world, but for an entrepreneur it’s a very challenging task to reach out these investors. To solve this problem there are crowdfunding sites such a Kickstarter and Indiegogo which act as a platform for these entrepreneurs to pitch their ideas to investors. These trusted third-party sites act as escrow for the investments to help the investors from being scammed.
 Our application replaces intermediaries such as Kickstarter to provide a platform for entrepreneurs to raise funds and for investors to invest in projects that interest them. The entrepreneurs can raise funds by issuing tokens to investors investing in their project. These tokens are immutable and impossible to forge. There are smart contracts built according to the investors and Entrepreneurs to mediate the risk taken by the investors. Smart contracts are deployed on blockchain, they contain steps and policies that are executed according to the agreement and pay incentives to the investor as the idea is built and sold to public.
 This application is built using Remix IDE, Visual studio code editor, employing languages such as Javascript and solidity. It uses Ethereum blockchain network for storing and processing smart contract transactions.

Project (M.S., Computer Science)--California State University, Sacramento, 2018.

In this generation, when an entrepreneur wants to bring his ideas to life he will start searching for funds. There are people around the globe who have small amounts of money that they can invest in ideas that might grow bigger or solve problems faced by them in real world, but for an entrepreneur it’s a very challenging task to reach out these investors. To solve this problem there are crowdfunding sites such a Kickstarter and Indiegogo which act as a platform for these entrepreneurs to pitch their ideas to investors. These trusted third-party sites act as escrow for the investments to help the investors from being scammed. Our application replaces intermediaries such as Kickstarter to provide a platform for entrepreneurs to raise funds and for investors to invest in projects that interest them. The entrepreneurs can raise funds by issuing tokens to investors investing in their project. These tokens are immutable and impossible to forge. There are smart contracts built according to the investors and Entrepreneurs to mediate the risk taken by the investors. Smart contracts are deployed on blockchain, they contain steps and policies that are executed according to the agreement and pay incentives to the investor as the idea is built and sold to public. This application is built using Remix IDE, Visual studio code editor, employing languages such as Javascript and solidity. It uses Ethereum blockchain network for storing and processing smart contract transactions.

Relationships

Items