Foundations of Blockchain

Pain points in crowdfunding

Crowdfunding has many advantages over conventional funding, such as that it provides the opportunity for anyone to create or fund a project effortlessly. That being said, it does have limitations:

• Crowdfunding still needs to create agreements between the initiator and the contributor for most of the funding process if it involves reward, equity, or debt.
• Some crowdfunding formats don't provide a flexible investment option for the supporter, which results in a lack of participation.
• The supporters of a project need to trust that they will earn their equity or reward after funding the project, so they will need to trust the crowdfunding platform and the project.
• Most crowdfunding will be initiated by non-profit ...