Decentalized Crowdfunding with Blockchain Technology
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The document discusses the fundamentals and excitement surrounding blockchain technology, highlighting its role in value transfer and the emergence of cryptocurrencies like Bitcoin. It covers various crowdfunding methods facilitated by blockchain, such as reward-based and equity-based crowdfunding, along with the concept of Decentralized Autonomous Organizations (DAOs). Challenges related to legal frameworks and the future of blockchain in crowdfunding are also addressed.
Decentalized Crowdfunding with Blockchain Technology
- 1. Crowd Dialog Europe Graz 2016 BlockchainHub Graz■ Thomas Zeinzinger & Max Tertinegg ■ September 8, 2016
- 2. # Not-For-Profit # Translate Blockchain to Non Techies # Connect various Networks and Organizations
- 3. Meet the Team Thomas Zeinzinger Max Tertinegg Sandra Zitz Thomas Schwarzl Shermin Voshmgr Berlin Brussels Jean-Luc Verheist
- 4. AGENDA Let‘s talk about Blockchain Technology v Basics v Crowdfunding v Challenges (WS)
- 5. Basics v Why is everybody so excited about blockchain technology? v What is Bitcoin and how does it work (demonstration)? v How safe is our money? v What is the blockchain and what is so special about it?
- 6. Internet vs. Blockchain Why is everybody so excited about blockchain technology? Internet and Blockchain increase the speed of interactions Internet - Information Blockchain - Value
- 7. Bitcoin: the first blockchain Bitcoin and blockchain technology came into existence together
- 10. What is Bitcoin? Peer-to-peer No central authority Fast transactions Very low barrier of entry
- 11. What is Bitcoin? No bank account needed No borders Open source Censorship resistant
- 12. What is Bitcoin? „Cash for the internet“ „Digital gold“ Max. 21. Mio bitcoins
- 14. Blockchain – Chain of Blocks!? What is the blockchain and what is so special about it? ü Shared Database ü Multiple Writers ü No Trust Needed Global, instantaneus value transfer between humans and machines!
- 15. Blockchain in Action Public Networks can be watched by everyone with access to the internet. https://blockchain.info/de/ https://ethstats.net/
- 16. Crowdfunding v Reward-Based Crowdfunding v Equity-Based Crowdfunding v Lending-Based Crowdfunding v Loan-Based Crowdfunding v Decentralized Autonomous Organization - DAO
- 17. Reward-Based Crowdfunding Bitcoin has shown that a cryptocurrency can work ... Why not creating own coins and sell them? Ethereum (18.3 mn $) Storj (0.5 mn $) Lisk (5.5 mn $) Waves (16 mn $) Heat (coming soon)
- 18. Equidy-Based Crowdfunding Trading equity is typically not that easy. This problem is addressed from various sides. Funderbeam (Bitcoin) Weifund (Ethereum) Heat (2017, NXT) SmartAngels & BNP Paribas (?) Linq (Chain)
- 19. Lending- Based Crowdfunding P2P lending is probably the most obvious way for the cryptospace, but is hampered by AML & KYC. P2P Lending - Total Market: Estimated $150bn by 2025 LoanCoin (2014, suspended) MoneyCircles (2016? Uphold, Ethereum-Based)
- 20. Donation- Based Crowdfunding Examples in the crypto-space are really rare! Crypto Crowding (?)
- 21. Decentralized Autonomous Organization The first DAO (“The DAO) has collected 150 mn$ within 28 days and was intendet to spend that money on projects selected by the backers of the DAO. The DAO • Escrow • Voting • Spliting
- 22. 50 mn$
- 23. Challenges – Workshop v What legal challenges do you see if equity representing tokens can be traded on the secondary market? v What should be the value proposition of decentralized crowdfunding platforms (e.g. Weifund) to gain more traction? v What is your believe in the future of DAO’s as funds, managed by voting through the owners?