Blockchain Powered Automated Crowdfunding via Smart Contracts

Crowdfunding, a mechanism for amassing capital from numerous contributors, has faced challenges due to reduced investment and a lack of transparency. Efforts to address these issues have proven largely unsuccessful. However, blockchain technology offers a potential solution, enabling enhanced transparency in transactions. This study investigates the perception of blockchain among small and medium enterprises (SMEs), a domain where its implementation remains relatively unexplored. Through a survey of 300 SMEs in Italy, the research assesses knowledge, diffusion, and interest in blockchain. Findings indicate a moderate awareness of blockchain, coupled with limited understanding. Despite low adoption rates, there is optimism regarding future implementation, suggesting the transformative potential of blockchain in reshaping SME business models and processes.