PushForChange
A decentralized platform to view , edit and raise campaigns
Created on 10th December 2023
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PushForChange
A decentralized platform to view , edit and raise campaigns
The problem PushForChange solves
- Accessibility
- Traditional 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 environment
- Reduced Intermediaries
- Traditional 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 Automation
- Traditional 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 Governance
- Centralized fundraising platforms may lack community involvement in decision-making
- Decentralized 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 particip
Challenges we ran into
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.
Tracks Applied (4)
Ethereum Foundation Track
Ethereum Foundation
Push Protocol Track
Push Protocol
Mantle Network Track
Mantle Network
Scroll Track
Scroll
Technologies used
Cheer Project
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Discussion
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