Blockchain Technology for Crowdfunding and Crowdsales
Bitcoin, the new age currency making rounds around the internet relies upon people, who are part of the network to keep it alive. In other words, the crowd keeps these cryptocurrency protocols alive by contributing processing power to the network (miners) and by executing digital currency transactions. Apart from being dependent on the crowd for its own survival, bitcoin and its underlying blockchain technology have something more up their sleeves, making them invaluable for the crowdfunding industry. The blockchain technology is a perfect fit for crowdfunding applications. The....
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For many entrepreneurs, one of the most compelling use cases of blockchain technology is the potential for it to enable new marketplaces that remove traditional hurdles associated with investing and crowdfunding. The growing number of public crowdsales has been widely covered as of late. With these crowdsales, companies sell a branded bitcoin fork as a way to finance the early development of cryptocurrency-related projects. The popularity of many of the early crowdsales has sparked a conversation about where the burden of consumer protection lies. It appears that burden, at least for the....
Cryptocurrency crowdsales, or Initial Coin Offerings (ICO), can be a contentious subject. But there are a lot of ICOs on the crypto-landscape lately. Many exist on larger platforms, such as Bitshares and Ethereum. Crowdsales & ICOs Are Growing More Popular. Lately, in the cryptocurrency news cycle, all you hear about is some new ICO or crowdsale....
Wealth Migrate, a South African property crowdfunding platform has announced the integration of blockchain technology. Wealth Migrate, the South Africa-based crowdfunding property platform has announced the inclusion of blockchain technology into its online investment marketplace. With the inclusion of distributed ledger technology, the platform now offers enhanced security and privacy protections to its global investors. Started in 2009, Wealth Migrate became the first online platform to allow people directly invest in both residential and commercial properties across the world. Now....
ING Bank, just as any other, is just an unnecessary middleman between you and many crowdfunding options. Today, we have things like the Lighthouse, WeiFund or Koinify, which try to help those seeking to receive crowdfunding for interesting projects. There is no need for using centralized crowdfunding anymore, nor is there a need for banking assistance in....
BNP Paribas is choosing to begin its public experiments with blockchain tech by pursuing one of its less discussed use cases – crowdfunding. The French financial services giant intends to launch a private securities program built using blockchain tech. The effort, a partnership with SmartAngels, a firm that allows entrepreneurs to raise money from private and professional investors, even has ambitious attempts to go live by the second half of 2016. In interview, BNP Paribas product manager Johann Palychata said that crowdfunding was selected as one of the company’s first use cases due to....