Crowdfunding using Blockchain

Crowdfunding is a process of raising small amounts of cash from groups of individuals. Businesses and products that may have otherwise not been capable of raising capital are often the most successful on crowdfunding platforms. It provides a platform for businesses, entrepreneurs, NGOs, and customary people to host online fundraising campaigns with the assistance of blockchain technology which may be of any nature like non-profit cause, personal cause, business related. This can be an excellent option for non-profit organizations and businesses that have service-based initiatives. People always have been insecure about the risks crowdfunding platforms come with. The most common problems they face are most of the campaigns around the world are not regulated and some of the crowdfunding campaigns turned out to be fraud. Besides the completion of some projects was significantly delayed. Blockchain technology is considered a perfect solution for solving the problems listed above, and cryptocurrency is used to make donations over a crowdfunding platform.