Chapter 7 Integrated and Transactional Platforms: Crowdsourcing and Crowdfunding Platforms

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

Abstract

In recent years, crowdsourcing has increased in popularity as a method for gathering ideas for new innovations and providing solutions to existing problems. In this chapter, crowdsourcing intermediaries and business models are analyzed. How intermediaries' providers are managing interactions between different groups of platform actors (contributors) in order to receive new ideas, feedback, and solutions for improving consumers products and services is studied. Crowdfunding platforms are discussed based on crowdsourcing open innovation vision. Hence, research focuses on crowdfunding innovations for alternative financial services. The chapter aims to collect and analyze quality data regarding the current status and prospective evolution of crowdfunding. The study offers classification and examination of the current status of crowdfunding and proposes a definition of the crowdfunding multi-sided platform, develops research framework for crowdfunding platform comparison and business model analysis. The results of this chapter reveal benefits but also practical challenges to overcome before innovation crowdsourcing and crowdfunding intermediaries can be effectively utilized.
Original languageEnglish
Title of host publicationMulti-Sided Platforms (MSPs) and Sharing Strategies in the Digital Economy: Emerging Research and Opportunities
PublisherIGI Global
Chapter7
Pages146-166
Number of pages21
DOIs
StatePublished - 2018

Keywords

  • Crowdsourcing Platforms
  • Crowdfunding Platforms
  • ntegrated Platforms
  • Transactional Platforms

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