Abstract
This paper explores the hands-on applications of blockchain technology in social crowdfunding platforms (SCPs). The emergence of blockchain technology in financial world promise a promising solution for the current difficulties, and facilitate the development of SCPs. By conducting a qualitative research, we shed the lights on how blockchain technology can be employed to facilitate the social value creation of crowdfunding. To the end, we identified facilitators of the social value creation process through blockchain technology such as reducing operational costs, increasing trust and transparency, and facilitating a broader crowdfunding community, and the barriers of this application in terms of development costs and legal requirements.
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