Asian Journal Science and Engineering
Vol. 3 No. 1 (2024): Asian Journal Science and Engineering

An Implementation of Project Investment Management on Blockchain-based Crowdfunding System

Yan Watequlis Syaifudin (State Polytechnic of Malang)
salies Apriliyant (State Polytechnic of Malang)
Hein Htet (Nagoya University)
Ferdy Hanan Pradana (State Polytechnic of Malang)
Yuri Ariyanto (State Polytechnic of Malang)
Indrazno Siradjuddin (State Polytechnic of Malang)
Pramana Yoga Saputra (State Polytechnic of Malang)
Triana Fatmawati (State Polytechnic of Malang)



Article Info

Publish Date
30 Jun 2024

Abstract

This study explores the transformative impact of blockchain technology on corporate investment management by developing an application that enhances transparency, security, and efficiency while mitigating fraud risks. By utilizing the Proof of Authority (PoA) methodology on a private blockchain network, the application enables secure, immutable transaction records and facilitates the management of investment projects along with token purchase transactions. It is structured using the Waterfall model, including essential phases such as requirements analysis and rigorous testing, which demonstrate the application’s ability to improve operational efficiency and foster accountability among stakeholders. The research highlights the role of tokenization in crowdfunding, wherein rights or assets are converted into digital tokens, enhancing transparency and liquidity. The system also integrates smart contracts to automate critical investment processes while ensuring secure user authentication and authorization. Evaluations reveal high success rates in functionality and user acceptance, though challenges such as scalability and regulatory compliance remain. Addressing these aspects is vital for maintaining the system's effectiveness and user confidence in decentralized investment management.

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Journal Info

Abbrev

ajse

Publisher

Subject

Automotive Engineering Civil Engineering, Building, Construction & Architecture Computer Science & IT Electrical & Electronics Engineering Mechanical Engineering

Description

Asian Journal Science and Engineering publishes all those best ideas from the science, which can be introduced in the engineering. Since, obtaining the high-quality, competitive products is based on introducing high technologies from various independent spheres of scientific researches, but united ...