Yes, We Can! Blockchain Based Crowdfunding and Crowdworking

In the current process of crowdfunding and crowdworking, many criteria-based conditions must be considered on different platforms. Assignments must be initiated for each platform, which costs time, money and resources. In order to counteract these challenges and reduce transactions, we developed a blockchain-based platform using a design-oriented approach. This platform accompanies the process from requirements to self-executing, event- and condition-controlled contracts in a partially automated manner. Based on the literature of crowdfunding, crowdworking and blockchain-based smart contracts, we derived requirements for a platform creation. While we contribute to the literature by eliciting design-oriented requirements, we show practical implications by building a blockchain-based platform concept for facilitating a more efficient combined crowdfunding and crowdworking process by reducing transactions.