The problem Crowdfunding solves

Blockchain-based crowdfunding can solve a number of problems that traditional crowdfunding platforms may have, including:

1. Lack of transparency: With traditional crowdfunding platforms, it can be difficult to track where the funds are going and how they are being used. Blockchain technology can provide a transparent and immutable record of all transactions, which can increase accountability and trust.

2. Fraud prevention: Fraud is a significant concern in the crowdfunding industry. Blockchain technology can help prevent fraud by providing a secure and immutable record of all transactions.

3. High fees: Many traditional crowdfunding platforms charge high fees, which can eat into the funds

Challenges I ran into

There are several challenges that I encountered while creating a blockchain-based crowdfunding platform:

Security: as with any platform that handles financial transactions, security is of paramount importance. It is important to ensure that the platform is secure and that all transactions are secure. That is why, Blockchain based application is built.

User experience: it is important to ensure that the platform is easy to use and understand for both creators and backers. A platform that is confusing or difficult to use may discourage potential users. The UI of the website is minimalistic and easy to use.