Introduction
This document details an exemplary implementation of a blockchain-based crowdfunding information processing method. The described embodiments are illustrative and not exhaustive. The solutions provided herein are consistent with aspects of the disclosure as outlined in the appended claims.
Application Scenario
The disclosed embodiments involve crowdfunding initiation and execution scenarios based on public accounts (e.g., WeChat Official Accounts, Weibo Public Pages). These public accounts are managed by network service providers such as WeChat or Weibo.
Key components include:
- Public Network Platform Server: Manages accounts, transactions, data storage, and processing.
- User Accounts: Includes crowdfunding initiators and investors, which may be public or private accounts.
- Blockchain Network: All participating devices (initiators, investors, platform servers, third-party regulatory platforms) are nodes in this network, maintaining one or more blockchains.
Blockchain Technology Overview
Blockchain is a decentralized distributed database system maintained by all nodes in the network. Key concepts include:
- Nodes: Participate in transaction validation, block storage, and forwarding.
- User Identity: Represented by public keys; private keys are held by users.
- Transactions: Include attributes like sender/receiver addresses, amounts, and digital signatures.
- Block Formation: New blocks are created via consensus mechanisms (e.g., PoW) and added to the chain.
Crowdfunding Information Processing Method
Step 1: Crowdfunding Initiation
Request Submission:
The initiator’s public account submits a crowdfunding request containing:
- Configuration Info: Target amount, duration, minimum/maximum investment, equity terms, contract type.
- Identity Info: Personal/organizational details, digital currency addresses.
- Billing Info: Payment channels, expected costs.
- Alternatively, this data may be stored in a blockchain block, with the request providing its query address/key.
Validation:
- Verify the initiator’s identity and creditworthiness using blockchain-stored征信 (credit) information.
- Check crowdfunding terms and billing details against preset conditions.
Publication:
- If validated, the crowdfunding event is published on the platform.
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Step 2: Investor Participation
Participation Request:
Investors submit requests containing:
- Identity Info: Personal/organizational details.
- Subscription Info: Investment amount or equity share.
Validation:
- Confirm investor identity and credit status via blockchain.
Agreement & Payment:
- Upon approval, investors receive a crowdfunding agreement (equity terms, contract type, liabilities).
- After payment confirmation, investors receive a receipt (optionally recorded on-chain).
Step 3: Contract Execution
Smart Contract Generation:
- Triggered when the target amount is reached.
Includes:
- Investor/initiator identifiers.
- Equity terms, trigger conditions for actions (e.g., profit sharing, equity transfers).
Distribution:
- Sent to initiators, investors, and regulators.
Step 4: Billing Updates
Update Request:
- Initiators submit billing updates (e.g., payments, costs).
Validation & Recording:
- Verified data is stored in a new blockchain block.
Notification:
- Investors and regulators receive the block’s query details.
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FAQs
Q1: How does blockchain enhance crowdfunding security?
A: Blockchain ensures tamper-proof data storage and transparent transaction validation, reducing fraud risks.
Q2: What happens if an investor’s identity fails verification?
A: The participation request is rejected to maintain platform integrity.
Q3: Can crowdfunding terms be modified after publication?
A: No. Terms are locked in smart contracts unless predefined conditions (e.g., unanimous consent) are met.
Q4: How are disputes resolved?
A: Smart contracts auto-execute predefined rules, while third-party regulators intervene for unresolved issues.
Q5: What blockchains are compatible with this method?
A: Any PoW/PoS-based network supporting smart contracts (e.g., Ethereum, Binance Smart Chain).
Conclusion
This method leverages blockchain to address early-stage funding challenges for public accounts while ensuring data authenticity and security. Key advantages include automated contract execution, transparent billing, and reduced reliance on intermediaries.
For implementation, ensure compliance with local crowdfunding regulations and blockchain network requirements.
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