January 2019
Intermediate to advanced
258 pages
7h 12m
English
Content preview from Blockchain for Business 2019
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Crowdfunding
The crowdfunding use case can be enabled by smart contracts releasing funds to the project being funded upon reaching certain milestones or targets. This can be a viable decentralized alternative to Kickstarter or other existing start-up funding platforms. Again, the Bitcoin blockchain can provide the transaction protocol infrastructure to implement such solutions as a second-layer technology and user interfaces on top of it.
These are not just hypothetical use cases and applications. There are projects that have been developing such solutions already for a few years. One such application is called colored coins. The term comes from marking or coloring a nominal amount of Bitcoin to represent something more than the amount of ...
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