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

TL;DR

This paper explores a blockchain-based decentralized co-governance ecosystem for crowdfunding, aiming to improve transparency, reduce costs, and enhance resource allocation for MSMEs and innovative projects.

Contribution

It introduces a novel socio-economic model with a tripartite community structure and detailed governance mechanisms for decentralized crowdfunding.

Findings

Proposes a new DCC ecosystem with three community types

Demonstrates improved transparency and fairness in resource distribution

Analyzes the evolution and governance of the DCC model

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.