Model for Capital Crowdfunding through Distributed Ledger Technologies Cover Image

Модел за капиталово колективно финансиране посредством технологиите на разпределения регистър
Model for Capital Crowdfunding through Distributed Ledger Technologies

Author(s): Krasimir Petkov
Subject(s): Economy, Financial Markets
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: crowdfunding; alternative finance; start-ups; entrepreneurship; venture capital; business angels

Summary/Abstract: Raising capital for a project from a crowd of retail investors has become established as a practice in the last decade. A practice mainly driven by the lack of alternatives for startup entrepreneurs, and the various positive features and functionalities of these models, allowing for more audience engagement, proof of concept, marketing, etc. With the proliferation of blockchain technologies (also known as distributed ledger technologies), there is a technical opportunity for these processes to be refined and for equity crowdfunding to enter a new stage of development. This study proposes a model for the application of blockchain aimed in this direction – addressing the problems and deficits of current models by implementing technological solutions based on distributed ledger technologies.

  • Issue Year: 29/2023
  • Issue No: 3
  • Page Range: 78-93
  • Page Count: 16
  • Language: Bulgarian