Blockchain-Based Crowdfunding

作者: Hasnan Baber

DOI: 10.1007/978-981-15-1137-0_6

关键词:

摘要: Crowdfunding has disrupted the way of financing and allowed startups to raise funds without much hustle bureaucracy. In existing model, Pool people contribute small amounts money towards a project or cause expect some financial non-financial returns. A crowdfunding platform takes commission matches needs expectations funders fundraisers. Blockchain technology is decentralized ledger, more efficient, safe tamper-proof system nodes in connection. Introduction blockchain will make it reliable, transparent, trusted, decentralized, cost-efficient convenient. which was acting as an intermediary before only provide name its own crypto-currency act medium transaction exchange. Fundraisers generate their currency everyone on network be notified about project. Funders buy this claim share can withdraw any time by selling losing transferring another further improve unique contemporary raising making out reliable transparent.

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