WEB APPLICATION FOR CAMPAIGN FUNDING WITH FORGERY PREVENTION USING SHA-256 IN BLOCKCHAIN

Information Technology

People who are in need of funds to develop a project can collect money through various online platforms. The donated money collected reaches the project manager, which is used to complete the project or to make a product online. The traditional method of online campaign funding has a major drawback. It does not allow contributors to have control over the money they have contributed and the admin or the higher authority has control over the money that is funded which leads to many malicious activities and discomfort. Here we address this problem faced by the existing online campaign funding platforms by using the Ethereum network and smart contract using blockchain. The decentralized blockchain platform called Ethereum establishes a peer-to-peer network relation that securely executes and verifies various application codes called smart contracts. The development of Blockchain technology is allowing businesses to build decentralized models. Data is validated with the help of the POW technique, this makes the new block gets added to the chain. Blockchain technology has developed in such a way that it allows the business to build decentralized models which help in deriving new methodologies to conduct transactions and make agreements. One of the technologies that propose another solution to the traditional model is the smart contract. A smart contract is the same as that of a contract in the physical world, but it is digital and represented by a tiny computer program stored in a blockchain. SHA-256 encryption algorithm has been used to improve the security of this project by providing the Hash value to every single block which becomes very tough for the scammers to access the data stored in the blocks.

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