PushForChange

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Problem Statement

AccessibilityTraditional fundraising often relies on regional or centralized institutions, limiting access for people in different parts of the world.Decentralized fundraising platforms, often based on blockchain technology, enable global participation. Anyone with internet access can contribute, fostering a more inclusive fundraising environmentReduced IntermediariesTraditional fundraising involves multiple intermediaries, such as banks and payment processors, leading to increased fees and delays.Decentralized platforms cut out many intermediaries by utilizing smart contracts on blockchain. This reduces transaction costs, speeds up the fundraising process, and ensures that more funds reach the intended recipients.Transparency and Trust:Lack of transparency in traditional fundraising can lead to concerns about the allocation and use of funds.Blockchain, being inherently transparent and immutable, allows for a transparent ledger of all transactions. Contributors can track their donations, and the decentralized nature of the platform reduces the risk of fraudulent activities, promoting trust among users.Smart Contracts and AutomationTraditional fundraising often involves manual processes and paperwork, leading to delays and potential errors.Smart contracts, programmable contracts executed on the blockchain, automate various aspects of fundraising. This includes the release of funds based on predefined conditions, ensuring a more efficient and automated process.Decentralized GovernanceCentralized fundraising platforms may lack community involvement in decision-makingDecentralized platforms often leverage tokenization, allowing for the representation of assets as tokens on the blockchain. This not only increases liquidity but also enables fractional ownership, making it easier for a larger number of people to participLinkshttps://sepolia.scrollscan.com/address/0x40621e16d1f22310884d589D4Ada98095c6A2B08https://explorer.testnet.mantle.xyz/address/0x40621e16d1f22310884d589D4Ada98095c6A2B08

Solution

User Privacy:Balancing transparency with user privacy was a bit of a challenge. Striking the right balance to ensure user data protection while maintaining the required level of transparency can be a bit complex.Smart Contract Risks:Smart contracts, while powerful, can contain vulnerabilities. Auditing and securing smart contracts to prevent exploits and hacks require expertise in blockchain development and security practices.Funding and Sustainability:Developing and maintaining a decentralized platform requires funding. Developing a sustainable funding model, whether through token economics or other means, is a significant challenge.