Unlocking Financial Innovation: A Deep Dive into Blockchain-based Crowdfunding

Authors

  • Pragati Mahale Assistant Professor, Department Of Information Technology, Aissms Institute Of Information Technology, Pune, Maharashtra
  • Pranit Morab Student, Department Of Information Technology, Aissms Institute Of Information Technology, Pune, Maharashtra

DOI:

https://doi.org/10.59890/ijgsr.v1i2.650

Keywords:

Student, Department Of Information Technology, Aissms Institute Of Information Technology, Pune, Maharashtra

Abstract

This study focuses on addressing current issues in China's equity crowdfunding practices. By harnessing blockchain technology, it can serve as a secure and cost-effective solution for registering stocks and shares in crowdfunded firms. Blockchain simplifies equity transactions in crowdfunding, enhancing their liquidity and ease of transfer. It enables direct peer-to-peer interactions between investors and entrepreneurs, addressing regulatory compliance and fund security concerns. Blockchain can be utilized to create a transparent voting system for crowdfunders, empowering them in corporate governance and safeguarding the interests of small investors. Additionally, it aids regulators in monitoring market conditions and supporting regulatory efforts, including investor management and anti-money laundering measures.

References

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Blockchain-Based Crowdfunding: A Trust Building Model IEEE, https://ieeexplore.ieee. org/document/9671003, 2021 International Conference on Artificial Intelligence and Machine Vision (AIMV), 24-26 September 2021, 10.1109/RTEICT52294.2021.9573956 at Gandhinagar, India.

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Published

2023-10-30

How to Cite

Mahale, P., & Morab, P. (2023). Unlocking Financial Innovation: A Deep Dive into Blockchain-based Crowdfunding . International Journal of Global Sustainable Research, 1(2), 241–250. https://doi.org/10.59890/ijgsr.v1i2.650