Crowdfunding 2.0: the next‐generation philanthropy

Philanthropy On The Blockchain

One of the significant innovations that came out of Bitcoin is the blockchain technology. This paper explores how the blockchain can be leveraged in the philanthropic sector, through charitable donation services in fiat currency or Bitcoin via a web-based donor platform. The philanthropic model is then used for a case study providing humanitarian aid for a community living in a challenging geog...

The Crowdfunding Game

The recent success of crowdfunding for supporting new and innovative products has been overwhelming with over 34 Billion Dollars raised in 2015. In many crowdfunding platforms, firms set a campaign threshold and contributions are collected only if this threshold is reached. During the campaign, consumers are uncertain as to the ex-post value of the product, the business model viability, and the...

Famine & Philanthropy

The leading Chinese-language newspaper in late nineteenth-century China, the Shanghai-based Shenbao, began in 1877 and 1878 to cover on an almost daily basis the famine engulfing North China. The news that millions of people were starving to death in the drought-stricken northern provinces shocked Chinese reformers and gentry philanthropists living in Shanghai and other parts of the Jiangnan re...

Health Related Philanthropy:

Philanthropy and Collective Sharing

Today I will present my thoughts on philanthropy as collective sharing. I will first examine the nature of philanthropy, and its relationship with the concept of ownership. In society, philanthropy is born together with private property. There is no need for philanthropy under a system of full public ownership. According to Marxist and Socialist theory, philanthropy is unnecessary and irrelevan...