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, Yanan Qiao

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…
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Taxonomy
TopicsFinTech, Crowdfunding, Digital Finance · Blockchain Technology Applications and Security
