Blockchain based crowdfunding systems

Saadat, Nazmus; Halim, Syed Abdul; Osman, Husna; Nassr, Rasheed Mohammad; Zuhairi, Megat F.

doi:10.11591/ijeecs.v15.i1.pp409-413

Cited by 30 publications

(9 citation statements)

References 16 publications

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“…Thus, a strong project needs to consider a well plan strategy by entrepreneur to ensure a successful campaign. This finding is highly relevant with other finding by [28] which discussed the possibility of crowdfunding risks and the importance to coming up with a solution that can mitigate the risk including the inclusion of blockchain technology. In [29], also stated risk assessment in digital environment including transparency to increase the trust between the related parties.…”

Section: Risk Managementsupporting

confidence: 62%

A business model canvas for crowdfunding platform: case study of crowdfunding platforms in Malaysia

Nadir¹,

Aris

Janom

et al. 2020

IJEECS

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<span>Crowdfunding allows entrepreneurs raise fund to help subsidizing their project. In other country, crowdfunding platform has become famous. In the contrary, it is yet to be trend in Malaysia. Financing using internet still irrelevant among Malaysian citizen. Without a proper guideline and strong crowdfunding platform based in Malaysia as a benchmark, it is hard to convince entrepreneurs and funders to consider crowdfunding as an option to fund a project. This research thus proposed business model canvas which can be applied by the crowdfunding platform organizations to manage their business and operation more efficiently. Case study method has been employed with two techniques of data collection: interview and document review. Two crowdfunding platforms based in Malaysia participated in the case study. The findings show that both crowdfunding platforms have fundamental business model elements that made of a solid foundation as a crowdfunding platform. These results offer insight into crowdfunding environment and how it links to another necessary part of business for it to function as a successful business. Nine building blocks fits well in the crowdfunding platform business model elements namely partner network, core competency, key resources, value proposition, customer relationship, distribution channel, customer segments, cost structure and revenue stream. Interestingly, the findings revealed another imperative element that should be part of the canvas: risk management.</span>

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Section: Risk Managementsupporting

confidence: 62%

A business model canvas for crowdfunding platform: case study of crowdfunding platforms in Malaysia

Nadir¹,

Aris

Janom

et al. 2020

IJEECS

View full text Add to dashboard Cite

show abstract

“…The study also provides insights into the implementation of the proposed blockchainbased crowdfunding platform on the Ethereum network. While acknowledging the regulatory and practical challenges, the paper highlights the significant potential of blockchain-based crowdfunding as a promising solution for the future development of the field In this research Paper [7] The research paper "Crowdfunding Using Blockchain Technology" by Prof. Written by DL Phalak and Ste's Sinhgad Academy of Engineering team examines the integration of blockchain technology in crowdfunding Traditional funding mechanisms have limitations, such as the lack of a donor guarantee policy, on funding and a lack of power.…”

Section: Literature Surveymentioning

confidence: 99%

Crowdfunding Platform Powered by Blockchain Technology

Shinde

2024

IJSREM

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Equity crowdfunding via the Internet is a new channel of raising fund for startups. It features low walls to entry, low cost, and high speed, and therefore encourages invention. In recent times, equity crowdfunding in India has endured some developments. still, some problems remain unsolved in practice. Blockchain is a decentralized and distributed tally technology to ensure data security, transparency, and integrity. Because it cannot be tampered, the technology is supposed to have great eventuality in the finance assiduity. This study examines current problems in the practice of equity crowdfunding in India. Grounded on the analysis of the characteristics of blockchain technology, this study further explores its practical operations in crowdfunding. Blockchain technology is a secure, effective, low- cost result for the enrolment of stocks and shares of a establishment financed by crowdfunding. First, a vendor initiates a request for ensuring a product, then the interested lenders participate in a project Key Words: Blockchain, crowdfunding, Fundraising, Project Registration and Transaction, Voting of Shareholders, Ethereum, Smart Contracts

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“…The hashed aliases and concerning identities provide opportunities for abstract participation. As an expansion, management chains can serve to oversee crowdfunding projects, for instance, to disperse assets in complex subprojects, perform voting, execute programmed orders, or computerized activities [81].…”

Section: ) Crowdfundingmentioning

confidence: 99%

A Survey on Blockchain Acquainted Software Requirements Engineering: Model, Opportunities, Challenges, and Future Directions

Farooq

Ahmed

Emran³

2022

IEEE Access

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Requirements are the basis of software development practices. Ambiguities in requirements lead a project to a point of failure or penalize it with a high budget and time for defect traceability. The ever-growing demand for advanced computing systems has increased the complexity of Software Requirements Engineering (SRE) practices. Blockchain systems require specialized SRE practices as the issues of Requirement Traceability (RT), developer/client confidentiality, and Requirement Negotiation (RN) typically exist in conventional approaches, which require more improvement. Moreover, blockchain technology incorporates the capacity to function as an infrastructure for the SRE framework providing transparency, security, and reliability. Even though the significance of studying blockchain in the context of SRE is evident, it is still in its infancy. None of the previous studies surveyed this domain to the best of our knowledge. We aim to summarize the scholarly contributions of blockchain acquainted SRE from 2015 to 2021 and to provide academia and practitioners with in-depth knowledge about this domain. In this article, we have provided a novel comprehensive review of the aspects of blockchain-acquainted SRE practices. We have presented SRE-based quality improvement factors and outlined the need for blockchain technology in this domain. Furthermore, we have classified SRE practices based on blockchain engineering. In addition, we have proposed a generic SRE model built on blockchain infrastructure along with its workflows. Similarly, we have provided implementation guidelines for the future development guidance of SRE applications built on blockchain technology. Finally, we have presented the current research challenges and provided future directions based on blockchain acquainted SRE.INDEX TERMS Software requirements engineering (SRE), software engineering (SE), requirements negotiation (RN), requirements traceability (RT), requirements validation (RV) software development life cycle (SDLC), software requirements specification (SRS), decentralized applications (DApps). TABLE 2. Requirements negotiation problem factors.

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Blockchain based crowdfunding systems

Cited by 30 publications

References 16 publications

A business model canvas for crowdfunding platform: case study of crowdfunding platforms in Malaysia

A business model canvas for crowdfunding platform: case study of crowdfunding platforms in Malaysia

Crowdfunding Platform Powered by Blockchain Technology

A Survey on Blockchain Acquainted Software Requirements Engineering: Model, Opportunities, Challenges, and Future Directions

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