DemocraticFund is a crowd-investing open accounting blockchain integrated unique platform. It is the first in its kind investing platform inspired by the Indian government system.
The uniqueness we use in this project is that this system is governed by blockchain technology and the decision-making process is inspired by the world’s largest democracy. Thus, providing decentralized, transparent and making them individually powered to present their opinion freely.
Blockchain: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.
Blockchain is ideal for delivering that information because it provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members. A blockchain network can track orders, payments, accounts, production and much more. And because members share a single view of the truth, you can see all details of a transaction end to end, giving you greater confidence, as well as new efficiencies and opportunities.
USER AND CORE NEEDS
People who are finding exciting and unique projects/startup/donations to invest or donate their money.
People who are trying to find funds for their project even accumulate donation for their needs.
TECHNOLOGY USED
We have constructed our e-voting system in "Cumilative Voting" method . We have found a new approach instead of the traditional 50-50% yes/no path. We provide each voter or shareholder with a VOTE POWER depending upon the funding they have provided in the campaign .Thus, powering each induvidual with a strong share in the decision making process and not being influenced by the major shareholders.