مجلة الباحث الإقتصادي
Volume 10, Numéro 2, Pages 54-64
2022-12-30

The Future Of Blockchain-based Crowdfunding In The Arab Countries: Prospects And Challenges

Authors : Labadi Hadjer . Naili Hassiba . Khelil Abderazzek .

Abstract

Crowdfunding is an emerging domain in the financial field which improves a country’s economic competitiveness by supporting many small businesses and entrepreneurs. The platform helps in collecting a small number of funds from a large group of people and as a result increases the customer base. In this paper, we outline the reality of Arab countries’s crowfunding platforms. In which we present a 32 crowdfunding platforms and analyze the opportunities that has given by the blockchain-based crowfunding to medium and small companies using descriptive and analytica approach. The study concludes that blockchain could solve crowdfunding issues such as fraud, money laundering and information asymmetry as well as it considred a solution that allows an efficient and low-cost equity registration, equity transaction and transfer and shareholder voting in the crowfunding industry.

Keywords

Crowfunding ; Blockchain ; Blockchain-based crowfunding ; Arab countries