Do I need to understand blockchain to use a crowdfunding platform?

The answer is no, you don't need to understand blockchain to use this crowdfunding platform in your business. Forward has a smart contract solution that allows Web 2.0 crowdfunding processes to be improved using blockchain capabilities.

What is crowdfunding & how does it work?

Crowdfunding Crowdfunding allows raising funds for a project through many people connected over the internet. The crowdfunding concept emerged in 1997 when a British band funded a reunion tour through online donations from their fans. In 2011, the JOBS Act legalized equity crowdfunding in the US.

What are the advantages of decentralized blockchain-based crowdfunding platforms?

Decentralized blockchain-based crowdfunding platforms can solve problems with censorship and high transaction/funding fees. There is no need for an overseer to approve or reject crowdfunding campaigns, and the decentralized nature of blockchain makes operations cheaper.

What are blockchain-powered fundraising projects?

Blockchain-powered fundraising projects offer a solution for creators who need to commit substantial amounts of resources, time and money into developing ideas, products or services. Fundraisers allow organizations to test new products to measure market acceptance and viability before committing funds to further development.