dc.description.abstract | According to surveys, a lack of trust, insufficient information, and opaque records are the main reasons for concerns in donation activities. Among high-income individuals who have par-ticipated in donation campaigns, a significant proportion express doubts or lack sufficient in-formation about the use of funds. To address the challenges faced by small organizations in the fundraising process, this study proposes an innovative crowdfunding operation model aimed at resolving the shortcomings of traditional crowdfunding and applicable to small organizations.
This new operating model utilizes blockchain smart contracts to record donation, refund, and fund utilization processes in real-time, eliminating the risks of opaque or lost records commonly associated with traditional operations. Additionally, through algorithms and voting mechanisms, it improves public confidence in the flow of funds within fundraising organizations. Even in the case of fundraising failure, donors can still participate in decision-making through voting, providing greater flexibility to fundraising activities and increasing donor engagement through-out the process.
The proposed crowdfunding operating model in this study offers a solution to the trust, information, and record-keeping issues in traditional crowdfunding. By leveraging blockchain and smart contract technologies, the flow and utilization of funds become transparent and trace-able, allowing donors to participate in decision-making and ensure proper utilization of their donations. By effectively improving and integrating various methods, it is possible to create a more valuable operating mechanism that helps small organizations overcome fundraising chal-lenges. | en_US |