Startup-Hut will change the world
Blockchain technology is perfectly capable of managing value exchange under contract. The feature that will come handy when it comes to managing rewards based and equity-based crowdfunding campaigns. The whole process of assigning relevant rewards and equity against their contributions can be automated, using blockchain based smart contracts for crowdfunding.
By programming a set of pre-defined crowdfunding conditions on smart contracts, the system can be automated to execute the smart contract to issue certain rewards or proof of ownership of a certain percentage of equity based on the amount contributed towards the campaign.
Blockchain technology and digital currencies have proven to be capable of being retrofitted to meet the needs of any industry, including the time-tested ones. Crowdfunding is one such segment, into which the technology is capable of blending in, completely.