Crowd Impact: A Blockchain-based Crowdfunding Platform for Impact Token
  • Author(s): Sinchan J Shetty ; Dr. S Senthilkumar
  • Paper ID: 1705387
  • Page: 312-320
  • Published Date: 17-01-2024
  • Published In: Iconic Research And Engineering Journals
  • Publisher: IRE Journals
  • e-ISSN: 2456-8880
  • Volume/Issue: Volume 7 Issue 7 January-2024
Abstract

The practice of crowdfunding, a type of collective fund raising whereby small contributions or investments are made by groups of individuals in exchange for free goods or other accolades, has gained popularity. A class of tokens known as impact tokens uses blockchain technology to symbolize the beneficial social and economic effects of particular actions. CrowdImpact streamlines the impact token investment process by fusing Ethereum's smart contracts, blockchain technology, and a user-friendly React.js UI. This strategy tackles a crucial issue in the broad sector, where there are few excellent investment possibilities and large levels of market risk.

Keywords

Crowdfunding, Impact tokens, Blockchain, Sustainable Development Goals (SDG), Impact investing.

Citations

IRE Journals:
Sinchan J Shetty , Dr. S Senthilkumar "Crowd Impact: A Blockchain-based Crowdfunding Platform for Impact Token" Iconic Research And Engineering Journals Volume 7 Issue 7 2024 Page 312-320

IEEE:
Sinchan J Shetty , Dr. S Senthilkumar "Crowd Impact: A Blockchain-based Crowdfunding Platform for Impact Token" Iconic Research And Engineering Journals, 7(7)