Betfunding: A Distributed Bounty-Based Crowdfunding Platform over Ethereum

  • Viktor Jacynycz
  • Adrian Calvo
  • Samer Hassan
  • Antonio A. Sánchez-Ruiz
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 474)

Abstract

Blockchain, the technology behind Bitcoin, is a permissionless distributed database which allows distributed storage and computation over a large network of nodes. This technology has been applied recently to many other fields besides e-currencies (Bitcoin 2.0 projects). In this paper we present Betfunding: a blockchain-based decentralized crowdfunding platform. On the contrary of regular crowdfunding platforms, our system does not require a central and reliable organization. In Betfutding users bet whether the project will or will not be implemented in a given time frame, increasing the bounty and incentive for potential developers to carry it out.

Keywords

Bitcoin Blockchain Bounty Crowdfunding Cryptocurrencies Distributed software Ethereum P2P Smart contract 

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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  • Viktor Jacynycz
    • 1
  • Adrian Calvo
    • 1
  • Samer Hassan
    • 1
    • 2
  • Antonio A. Sánchez-Ruiz
    • 1
  1. 1.Universidad Complutense de MadridMadridSpain
  2. 2.Berkman Center for Internet and SocietyHarvard UniversityCambridgeUSA

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