Blockchain technology can enhance crowdfunding by providing greater transparency, security, and efficiency. Traditional crowdfunding platforms often involve intermediaries and high fees, while blockchain-based solutions use smart contracts to automate the funding process. This reduces costs and ensures that funds are released only when predefined conditions are met. Blockchain can also provide a transparent record of contributions and project progress, increasing trust among backers. Platforms like Kickstarter and Indiegogo are exploring blockchain integration to improve their services.