Transparency and Accountability | DAISY Global

 

Transparency and accountability are fundamental principles of decentralized crowdfunding, enabled by the immutable nature of blockchain technology. Unlike traditional crowdfunding platforms where transactions and contributions are often opaque and subject to manipulation, decentralized platforms like D.AI.SY leverage blockchain's transparent ledger to provide full visibility into the flow of funds and the allocation of resources. DAISY Global

 

This transparency fosters trust and confidence among backers, as they can verify the legitimacy of projects, track the progress of funding campaigns, and ensure that their contributions are being used as intended. Additionally, smart contracts, which are self-executing contracts with the terms of the agreement directly written into code, automate the distribution of funds based on predefined conditions, further enhancing accountability and reducing the risk of fraud or mismanagement.