The role of blockchain technology-based social crowdfunding in advancing social value creation

Nguyen, Loan Thi Quynh; Hoang, Thinh Gia; Linh, Hoang Khanh; Ngo, Xuan Thanh; Nguyen, Phuong Hien; Nguyen, Giang D.L.; Nguyen, Giang

doi:10.1016/j.techfore.2021.120898

Cited by 58 publications

(30 citation statements)

References 34 publications

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“…In addition, with the Pulsar case study, we demonstrate how sustainable investment can be drained to early-stage start-ups. This is in line with the literature, as recently discovered applications pave the way for the use of Blockchain in crowdfunding by demonstrating its social value as an alternative funding architecture(Nguyen et al, 2021).Therefore, we confirm the potential of Blockchain in creating new SBMs and promoting new democratic and social entrepreneurial initiatives(Al-Saqaf & Seidler, 2017;Mukkamala et al, 2018).…”

supporting

confidence: 90%

“…Furthermore, as stated by Al-Saqaf and Seidler (2017) and Scekic et al (2019), Blockchain may stimulate socially virtuous BMs despite knowledge gaps. This is possible because, through improved trust between stakeholders and sponsors, the technology may track investments made, the impacts created, and grab new funds (Mukkamala et al, 2018;Nguyen et al, 2021).…”

Section: Blockchain and Sbmsmentioning

confidence: 99%

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The link between sustainable business models and Blockchain: A multiple case study approach

et al. 2022

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The paper investigates the relationship between Blockchain technology and new sustainable business models (SBMs). The literature notes a lack of empirical classifications and successful case studies. Using a multiple case studies methodology, our research article aims to answer the research question (RQ): How can Blockchain enable new SBMs and support the United Nations Sustainable Development Goals (SDGs)? We present 20 business stories extracted from a combined analysis of the databases coinmarketcap.com and icobench.com, demonstrating how Blockchain can be used for environmental management. Notably, our analysis finds out four broad research clusters related to (i) smart energy management, (ii) climate change, (iii) waste management, and (iv) sustainable production. Mainly, an actual application of Blockchain toward SBMs is related to supply chain cost reduction. Finally, the research includes investments and their social scalability with Blockchain. Then, the final research cluster discovers social and proof sustainability. This study adds to the empirical literature evidence of SBMs offering a connection with the SDGs.

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supporting

confidence: 90%

Section: Blockchain and Sbmsmentioning

confidence: 99%

The link between sustainable business models and Blockchain: A multiple case study approach

et al. 2022

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“…To alleviate the challenges and embrace the opportunities of crowdfunding (village banking) we propose a blockchain application. Blockchain technology in crowdfunding may provide a solution to current challenges and may facilitate socially crowdfunding platforms [35]. Blockchain technology is a method of recording distributed ledgers [36].…”

Section: Application Of Block Chain In Village Bankingmentioning

confidence: 99%

Challenges of Crowdfunding (Village Banking) in Zambia: Solutions and Opportunities

et al. 2023

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Crowdfunding is a new phenomenon that has piqued the curiosity of academics and practitioners alike, owing to its potential as a source of alternative finance. It is considered a mechanism with significant potential for expanding access to finance for entrepreneurs in developing economies. One such platform in Zambia is known as “Village Banking”. Village banking has been discovered to be the most profitable platform in Zambia, outperforming even traditional risk-free platforms such as micro-financing. Village banking has enabled business growth, idea realization, and has generally improved the lives of many participants. The risks associated with the village banking system, on the other hand, have been increasing. As the popularity of crowdfunding has increased, so have the challenges and opportunities. In this paper we employ a systematic literature review that defines crowdfunding, its properties, discusses the challenges, opportunities of Crowdfunding specifically the Village Banking platform. In addition, we conducted a survey to determine the main challenges faced by Village Banking participants in Zambia. The results of the survey identified the following primary challenges; online infrastructure, trust, monitoring of payments, tracking of collections, and approval of payments. Based on literature reviewed and survey conducted, we proposed the use of blockchain technology to address some of the challenges identified.

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“…al., 2018), financial services (Chang et. al, 2020) and technology-based crowdfunding (Nguyen, et al, 2021), blockchain represents for sure a gamechanger. Having a deep impact on the way business, production and financial ecosystems are organized and coordinated, blockchain enables a better and more equitable value creation and distribution between various stakeholders in the value chain.…”

Section: Blockchain Technology Cryptocurrencies and Initial Coin Offe...mentioning

confidence: 99%

Traditional Investing vs New Trends: A Review of the Investment Landscape in Transition Towards Industry 4.0

Dinulescu¹,

PUCHEANU²,

Bugheanu³

2022

Proceedings of the International Management Conference

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The aim for the current paper is to provide an overview analysis on the main financial markets. As a result, the study will investigate the topic of mutual funds, stock market or cryptocurrency investments. Consequently, this article provides evidence that in the European Union, one out of five individuals has at least one investment source. In effect, the research shows that if there is demand, it will also be a supply, both factors ensuring the existence of the stock market. Unlike most of the previous studies it has a double approach. First of all, this study critically examines the framework of the main investment sources starting from the traditional ones – like mutual funds, to the new ones – cryptocurrency market. Additionally, this paper develops investigations in the field of quantitative analysis presenting the respondents’ opinions regarding the future of cryptocurrencies as well as their reliability compared to mutual funds. These findings can serve as the foundation of a potential investment strategy for any consumer with medium- and long-term financial objectives.

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The role of blockchain technology-based social crowdfunding in advancing social value creation

Cited by 58 publications

References 34 publications

The link between sustainable business models and Blockchain: A multiple case study approach

The link between sustainable business models and Blockchain: A multiple case study approach

Challenges of Crowdfunding (Village Banking) in Zambia: Solutions and Opportunities

Traditional Investing vs New Trends: A Review of the Investment Landscape in Transition Towards Industry 4.0

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