MUMBAI, India, Nov. 2 -- Intellectual Property India has published a patent application (202541041149 A) filed by Santhosh Kumar S on April 29, 2025, for Defund: Crowdfunding Platform Using Blockchain.
Inventors include Santhosh Kumar S; Sathish S; and Kaarthika N.
The application for the patent was published on October 30, 2026, under issue no. 44/2026.
Abstract: Crowd funding has become an important tooi for raising fl~nds on the whole globe, but it has issues like security problems, lack of transparency, and lack:ยท of international accessibility. Defund solves all these issues by instantiating an Ethereum-bas~ decentralized crowdfunding platfonn. Smart contracts on the platfom1 guarantee that funds are spcurely transferred from donor to donor and audited by the public, as such comparison with p~sible systems through which international participation is foreseen. This includes the crea~on of the campaign, direct contributions to it, and a kind of withdrawal whereby approval will require a certain degree of consensus. Already deployed and tested. therefore. Dcfund confi4ently serves as an anti-fraud alternative to traditional-type crowd funding. bringing trust in suppdning truly worthy causes
Disclaimer: Curated by HT Syndication.
