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  Published Paper Details:

  Paper Title

Blockchain based Fund Management System

  Authors

  Kona Rajesh kumar,  Krishna Vamsi Pulipati,  Sameer Rithwik Siddabhaktuni,  Sirasanagandla Venkata Pavan Sree Vathsav

  Keywords

Blockchain, Fund Management, Transparency, Smart Contracts, Cryptocurrencies, Milestones, Accountability, Stakeholders

  Abstract


The Blockchain Based Fund Management System is an innovative online platform that utilizes blockchain technology to transfigure the operation of finances. This system introduces translucency and fairness by furnishing public access to project progress for all stakeholders. Client contribute funds in the form of cryptocurrencies, which are securely stored in smart contract.. These smart contracts insure the automatic allocation of funds to project directors grounded on predefined milestones. As design milestones are achieved and vindicated, separate finances are released automatically to the project manager or director's wallet. This ensures an indifferent distribution process and eliminates the need for centralized banks and third- party intervention. likewise, each milestone's data submitted by the manager is recorded on the blockchain, creating an inflexible transaction history. This real- time visibility enables guests, directors, and other stakeholders to singly corroborate the application of finances and the completion of milestone. The system's translucency and responsibility significantly reduce information imbalances and implicit controversies, fostering a cooperative and harmonious terrain among all stakeholders

  IJCRT's Publication Details

  Unique Identification Number - IJCRT24A3298

  Paper ID - 254591

  Page Number(s) - l17-l28

  Pubished in - Volume 12 | Issue 3 | March 2024

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Kona Rajesh kumar,  Krishna Vamsi Pulipati,  Sameer Rithwik Siddabhaktuni,  Sirasanagandla Venkata Pavan Sree Vathsav,   "Blockchain based Fund Management System", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 3, pp.l17-l28, March 2024, Available at :http://www.ijcrt.org/papers/IJCRT24A3298.pdf

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ISSN: 2320-2882
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Journal Starting Year (ESTD) : 2013
ISSN
ISSN and 7.97 Impact Factor Details


ISSN
ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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