Technology Improving Safety of Crowdfunding Platforms Functioning in the Context of the Protection of the Start-Up Investors in the Financial and Transport Sectors

Abstract

The information technology models improving security functioning of crowdfunding platforms and advice on a new type of business were developed. The article solves the problem of safety of crowdfunding platform functioning based on developed models: rating assignment system of unified assessment crowdfunding platforms; startup projects assessment; startup projects risk assessment concerning their financing safety level and criminal law protection of investors against the financial fraud. The models are based on the correct usage of fuzzy logic and fuzzy set device to reveal the uncertainty of experts’ consideration that insures authenticity of scientific results.

Fuzzy Model for Quantitative Assessment of Environmental Start-up Projects in Air Transport

“…For every assessment, the expert also puts the “confidence factor”d in assigning an assessment [19] from the interval (0; 1). For example, if the answer is not the one that corresponds to the developer team, then the metric d corrects the accuracy of the answer.…”

“…The selected theoretical framework has also been introduced in the study of authors as in [19] on the technology improving safety of crowdfunding platforms, or as in [20] on the security management education and training of critical infrastructure of sectors’ experts etc.…”

A Fuzzy Model of Risk Assessment for Environmental Start-Up Projects in the Air Transport Sector

“…In papers such as References [23,24], fuzzy sets, fuzzy logic, and a systematic approach to project risk assessment were used. In addition, in papers such as References [4,25,26], the authors proposed a formal model for project risk assessment, but did not address the question of risk assessment of environmental start-up projects for the air transport sector at the stage of business expansion.…”

“…Risk is closely linked to the notion of economic security of the project, both as the security of the entity representing the project and the safety of the investor [4]. The security of the matter is that a risky and unsuccessful project will result in enterprise damage.…”

“…Financing environmental start-ups for air transport systems is risky. The number of companies operating in the aviation sector which launch their own venture capital or crowdfunding platforms is steadily increasing [4]. There are various options for financing start-up projects in the air transport sector, but they all have one issue: finding and financing a successful project with minimal risks.…”