The project is to enable several parties to make a combined crowdfunding payment to a project creator, across NBDC and commercial bank accounts.
Objective:
A project creator sets their project's funding goal and deadline on a crowdfunding platform.
Multiple parties (Party A, Party B, …, Party Z) pledge certain amounts of money from their nation-state-backed digital currency (NBDC) account or commercial bank accounts to the project on the crowdfunding platform. This triggers the transfer of value from their NBDC or commercial bank accounts to an escrow account maintained by the crowdfunding platform at a commercial bank
The consent of the respective party must be secured before payment is initiated from their account.
If the project succeeds in reaching its funding goal within the deadline, the collected funds are transferred from escrow account to the commercial bank account of the project creator.
The project is to enable several parties to make a combined crowdfunding payment to a project creator, across NBDC and commercial bank accounts.
Objective: