DAISY Global | Increased Transparency and Trust | |
Transparency, as explained by professionals at decentralized platforms like DAISY Global, is a core feature of decentralized crowdfunding, a significant improvement over traditional platforms. In conventional systems, backers must rely on platform operators to verify project authenticity and manage funds, which can sometimes lead to fraud or misuse of resources. With decentralized crowdfunding, all transactions are recorded on a public blockchain ledger, ensuring full transparency from the moment funds are pledged until they are distributed to the project creator. This level of transparency fosters trust among participants, as backers can verify exactly where their contributions are going and how they are being used. Moreover, decentralized systems often employ smart contracts, which automatically release funds when certain conditions are met. This not only protects backers from fraud but also ensures that project creators deliver on their promises, creating a more accountable and trustworthy fundraising environment. | |
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| Target State: Tennessee Target City : Dickson Last Update : Nov 14, 2024 3:10 AM Number of Views: 10 | Item Owner : DAISY Global Contact Email: Contact Phone: (None) |
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