IMPACT OF BLOCKCHAIN TECHNOLOGY ON THE OPERATIONAL EFFICIENCY OF CROWDFUNDING PLATFORMS

Recently, crowdfunding platforms have become more attractive because of their advantages comparing to traditional funding sources. Nevertheless, the further potential development remains unclear due worries related reliability, transparency and trustworthiness as well limitations attracting investments. Employing an online survey approach questioning targeted experts, most important criteria for blockchain technology implementation into were discussed. A VAS (visual analogue scale) matrix weighting (VASMA weighting) methodology was chosen find out main factors that affect when implementing technology. The findings reveal Cybersecurity risks, no specific laws respect all terms Complex cryptocurrency regulations are employees. Accordingly, this study identifies both benefits through barriers application in legal requirements costs.