Blockchain-based Decentralized Co-governance: Innovations and Solutions for Sustainable Crowdfunding

Bingyou Chen, Yu Luo, Jieni Li, Yujian Li, Ying Liu, Fan Yang, Junge Bo and Yanan Qiao

Papers from arXiv.org

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.

Date: 2023-06, Revised 2023-06
New Economics Papers: this item is included in nep-env, nep-mac and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/2306.00869 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2306.00869

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().