DAISY Global | Increased Transparency and Trust

Decentralized crowdfunding offers enhanced transparency and trust through the use of blockchain technology, which records and verifies all transactions on a distributed ledger. Unlike traditional crowdfunding platforms where transactions are often opaque and centralized, blockchain-based decentralized platforms like D.AI.SY provide immutable records of all contributions and investments, ensuring transparency and accountability throughout the fundraising process.

 

Investors can verify the authenticity and legitimacy of projects by accessing real-time information about their progress, financials, and milestones on the blockchain. This increased transparency builds trust between project creators and investors, fostering a more collaborative and supportive ecosystem. Additionally, smart contracts, which are self-executing contracts with the terms of the agreement directly written into code, ensure that funds are released to project creators only when predefined conditions are met, further enhancing trust and security for investors.