Model for Capital Crowdfunding through Distributed Ledger Technologies

Krasimir Petkov
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Krasimir Petkov: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2023, issue 3, 78-93

Abstract: Raising capital for a project from a crowd of retail investors has become established as a practice in the last decade. A practice mainly driven by the lack of alternatives for startup entrepreneurs, and the various positive features and functionalities of these models, allowing for more audience engagement, proof of concept, marketing, etc. With the proliferation of blockchain technologies (also known as distributed ledger technologies), there is a technical opportunity for these processes to be refined and for equity crowdfunding to enter a new stage of development. This study proposes a model for the application of blockchain aimed in this direction – addressing the problems and deficits of current models by implementing technological solutions based on distributed ledger technologies.

Keywords: Entrepreneurship; crowdfunding; alternative finance; start-ups; venture capital; business angels (search for similar items in EconPapers)
JEL-codes: G24 L26 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2023:i:3:p:78-93

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