The problem CrowdCoin solves

If we consider the current KickStart Project, we run into certain problems like - 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.
CrowdCoin provides solutions to these problem by 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.

Challenges we ran into

The main problem that we faced during the buiding of the Project was to find the DataSet for training our Machine Learning Model which evaluates the Project using parametres like Gross Profit, Total Revenue, Duration of the Project. But after extensive research on the Internet we were able to find it.
Also, we thought that bridging the gap among the Investors and Project Creators was difficult to implement in real life. So to overcome this we added an Investor Community and implemented a mechanism for Profit Distribution through Blockchain itself.