A Review On Evolution: Various Approaches On CROWDFUNDING & FUNDRAISING
Crowdfunding is a way to raise funds for a specific cause or project by asking a large number of people to donate money, usually in small amounts. Crowdfunding is done online, often with social networks, which make it easy for supporters to share a cause or project cause with their social networks. Fundraising is the process of collecting money as donations for a cause from individuals and businesses. A person who raises the money from them is known as a fundraiser. It was usually used to gather money for non-profit organizations. Some crowdfunding platforms are Kickstarter, GoFundMe, Crowd funder, Charitable, Indiegogo etc. These causes may include anything, from helping a group of people who get injured in a war, support the religious causes and support those people who suffer from natural calamities. Even allowing the different users to collaborate for the causes. As the organization promise the natural calamities victims to give financial and material help from the localities but they cant do anything for the victim as they say. So the main objective of this platform that user get assurance from organisations work as they promised to user. And to eradicate completely the need of middlemen. Allowing the sponsorship and educational institute to collaborate various sponsors or host volunteers on the platform .It means creating only one platform for the user and it will be trustworthy for them with assurity and in secure way. The motive is to develop an application that runs on IOS and Android devices along with all browser compatible web portals.