Startup-Hut Is…

The rapid growth in blockchain technology and related talent has let to a competition among the investors to look for the best available talent. Additionally, the diverse range of directions in technology, gives a lot of options to the applicants to choose from. In such a scenario, it is imperative to link the most appropriate investors and developers in a secure and cost-optimal way. Blockchain technology helps in creating a decentralized network of users where the transactions are recorded in an open distributed ledger. These features of blockchain enable a transparent and cost-effective platform for different applications. Based on the need to an effective crowdfunding platform for developing a smart nation and the inherent features of blockchain technology, we propose a global crowdfunding platform called Startup-Hut.

Blockchain technology is a decentralized ledger, more efficient, safe and tamper-proof system of nodes in connection. The introduction of blockchain in crowdfunding will make it more reliable, transparent, trusted, decentralized, cost-efficient and convenient. A crowdfunding platform which was acting as an intermediary before will only provide the technology and name is its own crypto-currency which will act as a medium of transaction and exchange. Fundraisers will generate their own currency and everyone on the network will be notified about the project. Funders will buy this crypto-currency to claim its share in the project and can withdraw any time by selling the currency and losing the share in a project or transferring it to another project. Blockchain can further improve this unique and contemporary way of raising funds by making out more reliable and transparent.And That is what we Startup-Hut Is gonna do…