Exploring the scope of Blockchain-based Central Bank Digital Currencies (CBDCs) in Crowdfunding Platforms

This paper introduces an innovative crowdfunding platform utilizing Central Bank Digital Currency (CBDC) to tackle the challenges linked to conventional payment methods and the regulatory limitations of earlier cryptocurrency-based solutions. We present a practical prototype, demonstrating the feasibility of the CBDC approach. An extensive evaluation comparing CBDCs with Ethereum and traditional systems confirms its superior performance. This research marks the initial step toward understanding the potential of CBDCs in crowdfunding, setting the stage for future exploration and innovation in this evolving financial landscape.