Wenjie Teng, Hanchuan Xu, Zhe Huang, Yunwen Bai, Zhongjie Wang
{"title":"A Smart Contract-based Service Platform for Trustworthy Crowd Funding and Crowd Innovation","authors":"Wenjie Teng, Hanchuan Xu, Zhe Huang, Yunwen Bai, Zhongjie Wang","doi":"10.1109/ICSS55994.2022.00048","DOIUrl":null,"url":null,"abstract":"Crowd funding and crowd innovation can boost creativity of creators at a low cost. However, how to protect rights and benefits of relative stakeholders during the process in a credible way remains a problem. By introducing fungible tokens, non-fungible tokens and on-chain governance based on blockchain, we propose a set of smart contracts supporting crowd funding and crowd innovation to better reward participants and govern the process in a trusted way. Furthermore, based on these smart contracts, we abstract and encapsulate a series of common operations and implement a service platform for trustworthy crowd funding and crowd innovation.","PeriodicalId":327964,"journal":{"name":"2022 International Conference on Service Science (ICSS)","volume":"23 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2022-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2022 International Conference on Service Science (ICSS)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICSS55994.2022.00048","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
Crowd funding and crowd innovation can boost creativity of creators at a low cost. However, how to protect rights and benefits of relative stakeholders during the process in a credible way remains a problem. By introducing fungible tokens, non-fungible tokens and on-chain governance based on blockchain, we propose a set of smart contracts supporting crowd funding and crowd innovation to better reward participants and govern the process in a trusted way. Furthermore, based on these smart contracts, we abstract and encapsulate a series of common operations and implement a service platform for trustworthy crowd funding and crowd innovation.