DAISY Global | Exploring Decentralized Crowdfunding: Blockchain Technology and Smart Contracts

 

Decentralized crowdfunding, also known as crowdfunding on blockchain, leverages blockchain technology to connect project creators directly with contributors, eliminating the need for intermediaries. Blockchain, a distributed ledger system, records transactions in a transparent and immutable manner, providing greater security, transparency, and efficiency in fundraising processes. Smart contracts, self-executing contracts with terms written into code, automate and enforce transactions on blockchain, ensuring that funds are allocated and distributed according to predefined rules and conditions. decentralized platforms like D.AI.SY offer a decentralized and trustless environment for project creators and contributors to engage in fundraising activities securely and transparently, bypassing traditional intermediaries and reducing costs associated with fundraising campaigns.

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