Kickstarter says it’s switching to crowdfunding via the blockchain


Kickstarter is announcing some big changes to the foundations of its technology. The company said Wednesday that it will support the development of “an open-source protocol that will essentially create a decentralized version of Kickstarter’s core functionality,” according to a Kickstarter blog post published Wednesday. The protocol will live on a public blockchain and will enable anyone, “even Kickstarter competitors,” to build upon or use it, the company says.

An independent organization will start the development of the protocol, and Kickstarter will give this group funding, appoint a board, and will be one of the protocol’s first clients, the company says. It’s also making an “independent governance lab” that oversees “the…

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Author: Jay Peters