Simplifying Financial Access

AZ Internet
AZ Fundchain Blog
Published in
3 min readAug 17, 2020

Do you have a passionate project that you’ve been putting aside for the right time to work on it? A creative idea that you want to share with the world? Maybe you’ve got a great idea for a song, short film, or video game, but you’re not sure how to promote it or whether you would get paid for your idea.

Financial access is the key to all these thoughts & dreams coming to reality. With the fundchain app you can now share your project idea with the world and receive the funding needed for your idea. Crowdfunding has always played a vital role in the growth of startups, NGO projects, charity & community projects. Simplifying this process and the journey to funding is what we aim to achieve through our app. According to the World Bank, an estimated two billion adults worldwide don’t have a basic financial account. Let that sink in for a second; two billion people don’t have access to financial services that will allow them to save money, get a loan to start a business, or receive electronic payments from an employer.

Enabling these unbanked or underbanked individuals to attain a financial inclusion would have a significant impact on their lives. On a global level, it would be the right step towards sustainable growth, as financial inclusion is an enabler for 7 of the 17 UN sustainable development goals. This is one of the core visions our project has. We established the vision with financial inclusion at his heart and plan the product stages with it in mind too.

A sneak peek into the simplified design of the new version of the Fundchain app. We have simplified the steps and journey of a user in the app so as to make the app easily understandable by any layman. This is one of the key factors we believe which makes campaigns successful, the accessibility. With a simple interface of the app it is easier for any user to set up a project and very easy for any user to make donations to the project.

We have completely revamped the look and feel of the app. The new version is being tested in closed groups for feedbacks. The App is currently live on the Android and iOS app stores and can be downloaded but the new interface will only be updated to the app store in the next version update. Crypto and blockchain has been the missing link in crowdfunding which can bring transparency, accessibility and accountability. Implementing these through an open system using smart contracts and blockchain will solidify the participation of both the creators as well as backers for any campaign.

The Fundchain Beta version of the App is deployed initially on the Ropsten Test Network. The Testnet is an alternative Ethereum blockchain, to be used for testing. Testnet coins are separate and distinct from actual coins, and are never supposed to have any value which helps our users to test the app without any loss of real coins. The most popular public testnet is called Ropsten which is the one we have deployed our app on currently.

Start inviting your friends, families, community members and let them know that now there is a better solution to run crowdfunding campaigns.

Keep following us!

Follow us on our official social media channels for the latest updates on our project.

Telegram: https://t.me/AZfundchainAnnouncements

Fundchain support Email : info@azfundchain.io

website: https://www.azfundchain.io/

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AZ Internet
AZ Fundchain Blog

We build products on #blockchain that enable decentralized finance which have a positive social impact.