What is Blockchain?
Blockchain is a technology that allows transactions to be secure and anonymous. It’s the same technology that drives bitcoin and other digital currencies. Blockchain creates a true peer-to-peer secure transaction.Source
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Blockchain has two main jobs:
1 Securing your data (trust)
2 Recording virtually everything of value (history)
The future of Blockchain will expand in industries like:
Finance, Power, Healthcare, Real Estate, Tourism, Social, Marketplace, Identity, Mathematics, Transport, Entertainment, Rights Protection, Government, Charity, Technology, Human Resource, Digital Content, Retail, F&B, Business, Education.
So much is done already in Technology and finance. I will be looking project that is powered by blockchain technology in the finance domain.
Crowdfunding
Crowdfunding has a number of problems. Why? As many as 85% delay delivery while 14% fail to deliver what was promised. So what happens if you give money to the wrong campaign and someone misuses the money? You may never want to support a tech project again. Source
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With blockchain technology, you know more information. Like who you’re going to send money to and how the creators spend the money. On the other hand, creators will receive more support for their projects with lower fees and overall cost, without hefty fees from lawyers.Source
It’s just like buying a house, and you don’t give all the money upfront. You hold some money in escrow. Only when the estate developer builds the house for you, a portion of funds is released. Likewise, crowdfunding money will not be released with the help of a smart contract until the creator is making progress on the project. So you have trust.Source
Pledgecamp
Pledgecamp is the next generation crowdfunding platform. This platform is a secure and transparent blockchain-powered framework for crowdfunding, in comparison to the current models put forth by market leaders Kickstarter and Indiegogo.
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Well, I will love to say thanks to @yohan2on for creating this opportunity for me to look at the projects that are been powered and can be powered by blockchain technology.
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Hi @fombae. Thanks for bringing forward the pledge camp blockchain project.
Unfortunately, over 50% of your article is plagiarized.
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I had the impression that mentions the owner of all borrowed content. I have edited and added the source. Thanks
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