| Popis: |
Crowdfunding, a type of online fundraising, originated as a means of enabling individuals to donate modest sums of money towards supporting the creative and philanthropic endeavors of others, using an intermediary platform. The present concern with the mechanism of crowd funding pertains to the lack of transparency by intermediaries or platforms with respect to the funds provided by contributors for a particular cause. Furthermore, the current status of the project, including details such as the amount of money that has been collected thus far, the remaining sum to reach the goal, and the time left to attain the target, are frequently unknown and may remain unused. This article advances the notion of integrating a block chain-enabled crowd funding component into a social media platform, thereby enhancing the opportunities for soliciting donations. The primary aim of this manuscript is to enable contributors to effectively contribute to a given venture through comprehensive understanding of its underlying cause. In order to ensure appropriate provision of resources, it is imperative to circumvent excessive financing. Integration with social media platforms presents a viable avenue for enhancing the likelihood of acquiring funds while simultaneously promoting accountability across the entire system and among its users. |
