Blockchain-based Decentralized Co-governance: Innovations and Solutions
for Sustainable Crowdfunding
- URL: http://arxiv.org/abs/2306.00869v2
- Date: Fri, 2 Jun 2023 12:03:38 GMT
- Title: Blockchain-based Decentralized Co-governance: Innovations and Solutions
for Sustainable Crowdfunding
- Authors: Bingyou Chen, Yu Luo, Jieni Li, Yujian Li, Ying Liu, Fan Yang, Junge
Bo and Yanan Qiao
- Abstract summary: Decentralized Co-governance Crowdfunding Ecosystem is a novel solution addressing challenges in conventional crowdfunding.
Among the problems it seeks to mitigate are high transaction costs, lack of transparency, fraud, and inefficient resource allocation.
Our research unfolds the evolution of the DCC ecosystem through distinct phases, offering a novel understanding of socioeconomic dynamics in a decentralized digital world.
- Score: 7.625045691540373
- License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
- Abstract: This thesis provides an in-depth exploration of the Decentralized
Co-governance Crowdfunding (DCC) Ecosystem, a novel solution addressing
prevailing challenges in conventional crowdfunding methods faced by MSMEs and
innovative projects. Among the problems it seeks to mitigate are high
transaction costs, lack of transparency, fraud, and inefficient resource
allocation. Leveraging a comprehensive review of the existing literature on
crowdfunding economic activities and blockchain's impact on organizational
governance, we propose a transformative socio-economic model based on digital
tokens and decentralized co-governance. This ecosystem is marked by a
tripartite community structure - the Labor, Capital, and Governance communities
- each contributing uniquely to the ecosystem's operation. Our research unfolds
the evolution of the DCC ecosystem through distinct phases, offering a novel
understanding of socioeconomic dynamics in a decentralized digital world. It
also delves into the intricate governance mechanism of the ecosystem, ensuring
integrity, fairness, and a balanced distribution of value and wealth.
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