Blockchain Crowdfunding: Transforming Finance Worldwide

This scholarly article explores the use of blockchain technology in crowdfunding, with a focus on how it may be applied in particular situations. The goal of the study is to comprehend how blockchain affects crowdfunding initiatives’ efficacy, security, and transparency. The study assesses the benefits and challenges of incorporating blockchain technology into the crowdfunding environment by analyzing primary data from surveys and interviews in addition to secondary data from relevant publications. The results highlight how blockchain provides security through cryptographic techniques, increases efficiency by automating procedures using smart contracts, and strengthens transparency by creating an immutable transaction record. In summary, the report highlights the potential of blockchain-based crowdfunding to promote innovation and entrepreneurship and offers directions for future research.