Synopsis :
The Covid-19 pandemic has led to organizations raising funds to assist local governments in obtaining additional funds for distribution to those in need. Trust is crucial for all parties involved, including funders, service providers, and fundraisers. This study examines the application of blockchain technology and smart contracts in crowdfunding processes, revealing that blockchain-based smart contracts can be effectively applied to the dominant crowdfunding schemes.
- In the industrial era 4.0, various sectors, including non-profit organizations, are utilizing technology to support their operations. Non-profit organizations share characteristics with profit-oriented organizations, but they face unique challenges. The Covid-19 pandemic has prompted governments to manage funds and raise funds to combat the outbreak. Raising funds requires trust between funders, intermediaries, and organizations, which is crucial for fundraising organizations to attract donors.
- Non-profit organizations play a significant role in fundraising, particularly during the pandemic. Trust is a key factor in attracting donors, and many use technology to facilitate this process. Blockchain technology can be an alternative solution to increase trust among funders, which can impact the amount of funds obtained by the organization. Smart contract technology can also facilitate the transfer of funds if all conditions are met.
- Blockchain technology can be applied in various industries, including telecommunications and medical. It can increase trust in fundraising organizations and validate recipients, ensuring funds are obtained from reliable sources and that recipients can be trusted. This technology can be used in various industries, including telecommunications and medical, to improve fundraising processes and increase trust.
Key Requirements for Crowdfunding System Smart Contract
- Struct.
- Mapping.
- Payable/Transfer Function.
- Functions
- Modifier
- Contract