Crowdfunding is an open method of raising finances. It allows fundraisers to raise significant sums of money from a crowd using an internet platform. Crowdfunding may be classified into several forms based on the motives and benefits, such as charity, equity, and startup businesses. Blockchain is a new technology that has emerged in recent years. It has several qualities, like decentralization, transparency, and security, that make it easy to use and trustworthy. The fundamental benefit of employing this technology in crowdfunding is decentralization, which eliminates the need for consumers to rely on a platform or a centralized entity.Typically, when dealing with large sums of money, users are concerned about the security of the same; in this case, blockchain provides a greater advantage for security purposes. This also adds transparency to the platform, increasing the trust of investors who invest through it. There are some challenges in the current crowdfunding system related to illegal transactions and misuse of funds that can be eliminated by using Blockchain. Because all the transaction records in a public distributed ledger, each system participant can track every transaction while maintaining the crowdfunding platform's transparency. In this paper a solution has been proposed to use blockchain technology in crowdfunding for startup ventures in this paper. The system will address some of the shortcomings of existing crowdfunding platforms by introducing T220 tokens, which will allow users to use Indian rupees instead of ethers as currency.

Blockchain crowdfunding smart contract solidity