Using blockchain technology, it aims to help startups from any country to sell pre-orders for their product with cryptocurrencies. This solves the main issues that crowdfunding is facing worldwide: geographical limitations and long transaction times. These obstacles are due to the heavy reliance of this sector on intermediaries like banks and payment providers.
Boomstarter.Network aims to remove these third parties from key crowdfunding operations, providing a direct link between startups and their buyers. This will cut the wait time to process transactions between entrepreneurs and backers from weeks with banks to minutes with blockchain.