ABSTRACT
The blockchain is a distributed, decentralized, and immutable database system built on top of peer-to-peer (P2P) network through which digital assets can be transferred securely from all over the world. After the successful implementation of blockchain in Bitcoin, many applications and platforms evolved for the development of blockchain technology. Ethereum is one of the most widely used blockchain platforms for developing the Dapps. This chapter presents the specifics of functioning, drawbacks, and problems in the current crowdfunding platforms such as Kickstarter. Using Ethereum and the concept of smart contracts, the crowdfunding platforms can be implemented in a secure and profound way without being afraid of the fraudulent spending of the money raised through the funding. In this chapter, all the details and the technicalities in the implementation of the crowdfunding platform through Ethereum blockchain network are elucidated in a scholarly manner.
