Startup companies are newly born companies or entrepreneurial ventures which are predominantly based on brilliant idea, innovation and statistical study. One of the preeminent obstacle of Startup’s is to seek capital and Human Intelligence to solve complex tasks of the product and in return bolster their project growth which can be achieved by ‘Crowdfunding’ and ‘Crowdsourcing’. Crowdfunding is a platform offering entrepreneurs and project owners the possibility to raise money from an undefined group of online users ie ‘Crowd’ while Crowdsourcing involves obtaining work,human intelligence or opinions from a large group of people which submit their data via the Internet. In this paper, we conceptualize a blockchain-based system “CrowdSF” for crowdsourcing and crowdfunding. In which we will try to integrate both platform together where idea creator can recruit the worker to execute the project or seek masses for funding their project at one single platform with security.

Blockchain, Collective intelligence, Crowdfunding, Crowdsourcing, Startup

[1] J . Howe, “The rise of crowdsourcing,”Wired magazine, vol. 53, no. 10,pp. 1–4, Oct. 2006.
[2 ]Giones, F. & Oo, P., 2017. “How Crowdsourcing and Crowdfunding are redefining innovation management”. In A. Brem & E. Viardot, eds. Revolution of Innovation Management. London:Palgrave Macmillan UK. http://link.springer.com/chapter/10.1057/978-1-137-57475-6_3
[3]Jackie Zimmermann , “Rewards-Based Crowdfunding: What It Is, When It Works” ,Updated Dec. 6, 2017.
https://www.nerdwallet.com/blog/small-business/reward-crowdfunding/
[4]Ordanini, A.; Miceli, L.; Pizzetti, M.; Parasuraman, A. (2011). "Crowd-funding: Transforming customers into investors through innovative service platforms". Journal of Service Management. 22 (4): 443. doi:10.1108/09564231111155079. (also available as Scribd document)
[5]Ajay Agrawal,Christian Catalini, Avi Goldfarb , “Some simple economics of Crowdfunding”,working paper 19133,June 2013
JEL No. D47,D82,G21,G24,L26,L86,R12,Z11 http://www.nber.org/papers/w19133.pdf
[6] Mary Thibodeau, Operations Manager at TruDex.io (2017-present) “How can blockchain be used in crowdsourcing?”https://www.quora.com/How-can-blockchain-be-used-in-crowdsourcing
[7]oon seok Lee, Mingxuan Sun, Guy Lebanon, “A Comparative Study of Collaborative Filtering Algorithms”https://arxiv.org/pdf/1205.3193.pdf , arXiv:1205.3193v1 [CS.IR} 14th may 2012
[8] S. Debnath, N. Ganguly, and P. Mitra. Feature weighting in content based recommendation system using social network analysis. In Proceedings of the 17th international conference on World Wide Web, pages 1041–1042, 2008.
[9] Schenk, Eric; Guittard, Claude (January 1, 2009). "Crowdsourcing What can be Outsourced to the Crowd and Why". Retrieved October 1, 2018.
[10]"Definition of Crowdfunding". Retrieved 2018-12-3.https://www.ukcfa.org.uk/what-is-crowdfunding/
[11]“Waze - GPS, Maps, Traffic Alerts & Live Navigation” https://www.apkmirror.com/apk/waze/waze-gps-maps-traffic-alerts-live-navigation/