To Increase Transparency and Prevent Fraudulent Activities that arise around the world of StartUps and Platforms that have till now been developed around it such as Kickstarter. Although stringent measures such as symmetric encryption are in place to make e-payment safe and secure, it is still vulnerable to hacking. Enterprises with in-house e-payment systems must incur additional costs in procuring, installing and maintaining sophisticated payment-security technologies. There is no guarantee that people who post projects on Kickstarter will deliver on their projects, use the money to implement their projects, or that the completed projects will meet backers' expectations. A mockup of KickStarter built using smart contracts written in solidity. The app is built using Reactjs with the help of Nextjs.
Making transaction histories more transparent and secure through the use of blockchain technology. Because Blockchain is a type of distributed ledger, all network participants share the same documentation as opposed to individual copies. Contributors can decide Where to invest and can Acknowledge the requests for money made by the Project Creators through their votes.The creator can only use the money if a minimum number of contributors approve a certain request. It will make sure the money is used for Necessities rather than Luxuries.
- Follow instructions from Git Website
- Follow instructions from NodeJs Website
- Open Command Prompt in the Directory You Want to Install.
- Clone the Repository
git clone https://github.com/sounxk/FundNation.git- Change working Directory to the Repository
cd FundNation- Install Dependencies
npm install- Change Working Directory to CommunityCrowdChain and Install Dependencies
cd CommunityCrowdChain
npm install- Change Back to Root Directory
cd ..- Initiate the NodeJs server
npm run dev- Access the Application
- ReactJs
- Solidity
- Ethereum Smart Contract
Information is stored across a network of computers instead of on a single server, makes it very difficult for hackers to compromise the transaction data.
The creator can only use the money if a minimum number of contributors approve a certain request. It will make sure the money is used for Necessities rather than Luxuries.
The owner of the startup is required to periodically enter details about revenue generation. Any profit that is generated is automatically distributed among the investors providing investors with additional layer of security of interests of investors.
Generating of finance related parameters such as gross profit, liquidity ratio, quick asset ratio etc. to produce a graph of these metrics and using Machine Learning Techniques(XGBoost, Random Forest Classifaction) to model performance of these Startups helping them to make investment choices.