[Translations] Are crowdfunding and blockchain a perfect combination?

Is Crowdfunding a Perfect Match with Blockchain?

In recent years, sites like Kickstarter and Indiegogo have revolutionized the world of startups.

Ideas that once had little appeal to mainstream business are not only coming to fruition but also achieving success. Crowdfunding with blockchain may represent the next stage in the evolution of startups and could contribute to bringing important and compelling projects to life.

Crowdfunding is a great way for creative projects to raise funds. Many small or unknown projects were previously outside the realm of traditional investment. Because of this, it was extremely difficult for those projects to turn their ideas into reality.

Sites like Kickstarter and Indiegogo have changed that by enabling startups to directly reach customers who might invest in them for fundraising. They function as trusted third parties that hold funds in escrow, protecting investors from scams.

If a campaign succeeds, customers receive what was promised as part of the campaign. If it fails, investors are refunded.