INFORMATION SUPPORT FOR CROWDFUNDING AND INVESTING PROJECTS

Authors

DOI:

https://doi.org/10.30837/ITSSI.2020.13.034

Keywords:

crowdfunding, investment management, system functionality, web platform, real estate projects

Abstract

The subject of the article is information technology to support the process of investing in real estate projects. Real estate projects need to find sources and forms of investment that would ensure a balance between project costs and financial resources. Crowdfunding is seen as an innovative way of financing. The purpose of this work is to create a crowdfunding platform focused on attracting new investors to support real estate projects. The following tasks are solved: research of functional possibilities of existing crowdfunding platforms; development and configuration of expansion modules for the selected framework; development of the interface of the financial manager of the project with real estate. Research methods: system analysis, financial management methods, information technologies of site development. The following results were obtained: The characteristic features of crowdfunding, which make it an effective way of financing projects, were analyzed. The popular crowdfunding platforms are analyzed today, their advantages and disadvantages are revealed. As a result, the basic requirements for a crowdfunding real estate investment platform have been identified.  Based on the conceptual model of the web platform interface, the main functionalities are highlighted, the scenario of user interaction is described and the database is designed. Necessary modules of the internal wallet system and project system have been developed. It should be noted that the internal wallet system allows you to contribute to projects and control profits. Also, in addition to the main modules, a module for blogging and user registration with e-mail confirmation was integrated and configured. Conclusions: It is necessary to take into account the interests of stakeholders who provide funds for the project, which forms their motivation to invest.  Information support for crowdfunding investment projects increases the efficiency of project portfolio management, allows the financial manager to publish projects and raise funds for financing from registered investors with the subsequent payment of interest on profits.

Author Biographies

Julia Malieieva, National Aerospace University "Kharkiv Aviation Institute"

PhD (Engineering Sciences), Associate Professor, Associate Professor of the Department of Computer Sciences and Information Technologies

Olga Malyeyeva, National Aerospace University "Kharkiv Aviation Institute"

Doctor of Sciences (Engineering Sciences), Professor, Professor of the Department of Computer Science and Information Technologies

Anatolii Demchenko, National Aerospace University "Kharkiv Aviation Institute"

Student of the Department of Computer Sciences and Information Technologies

Lidiia Piddubna, O. M. Beketov Kharkiv National University of Urban Economy

PhD (Philosophical Sciences), Associate Professor, Associate Professor of the Department of Economic and Mathematical Methods and Information Technologies

References

Dushina, M. O. (2014), "Methods of network communication in a digital society: benchmarking, crowdsourcing, crowdfunding" ["Metody setevoy kommunikatsii v digital'nom obshchestve: benchmarking, kraudsorsing, kraudfanding"], Sociology of Science and Technology, Vol. 5, No. 1, P. 105–114.

Iastremska, O., Strokovych, H. (2019), "Main trends of investment and innovative activity of business entities in the conditions of European integration", Innovative technologies and scientific solutions for industries, No. 1 (7), P. 130–142. DOI: https://doi.org/10.30837/2522-9818.2019.7.130

Kuznetsov, V. A. (2017), "Crowdfunding: topical issues of regulation" ["Kraudfanding: aktual'nyye voprosy regulirovaniya"], Money and credit, No. 1, P. 65–73.

Balykhin, M. G., Generalova, A. V. (2015), "Crowdfunding platform for support of scientific developments" ["Kraudfanding-platforma podderzhki nauchnykh razrabotok"], Sociological research, No. 9, P. 57–61.

Petrushenko, Yu. M., Dudkin, O. V. (2014), "Crowdfunding as an innovative tool for financing socio-economic development projects" ["Kraudfandynh yak innovatsiynyy instrument finansuvannya proektiv sotsialʹno-ekonomichnoho rozvytku"], Marketing and Management Innovation, No. 1, P. 172–182.

Rukavishnikov, S. V. (2017), "Crowdfunding in the system of entrepreneurship, its types and technologies used" ["Kraudfanding v sisteme predprinimatel'stva, yego vidy i ispol'zuyemyye tekhnologii"], Bulletin of the University, No. 2, P. 189–193.

Ahlers G. K. C. et al. (2015), "Signaling in equity crowdfunding", Entrepreneurship theory and practice, Vol. 39, No. 4, P. 955–980. DOI: https://doi.org/10.1111/etap.12157

Fedorenko, V. Gh. (2013), "Іnvestment financing in the corporate sector" ["Finansuvannja investycij v korporatyvnomu sektori ekonomiky Ukrajiny"], Investments: practice and experience, No. 8, P. 35–39.

Mertens, A. (2011), "5 tools to develop your business model" ["5 ynstrumentov dlja razvytyja vashej byznes–modely”], available at: http://ekmair.ukma.edu.ua/bitstream/handle/123456789/1482/Mertens_5%20instrumentov%20dlja%20razvitija%20vashej%20biznes-modeli.pdf (last accessed 22.09.2020).

Muzychenko, T. O. (2014), "Investment and investment activities: conceptual framework" ["Investyciji ta investycijna dijaljnistj: ponjatijnyj apparat"], Sustainable development of economy, No. 3 (25), P. 161–167.

Malyarets, L., Iastremska O. (2019), "Scientific and practical proposals on the choice and application of strategic controlling instruments and the modern conditions”, Innovative technologies and scientific solutions for industries, No. 2 (8), P. 72–79, DOI: https://doi.org/10.30837/2522-9818.2019.8.072

Rossi, A., Vismara, S. (2018), "What do crowdfunding platforms do? A comparison between investment-based platforms in Europe", Eurasian Business Review, Vol. 8, No. 1, P. 93–118. DOI: https://doi.org/ 10.1007/s40821-017-0092-6

Belleflamme, P., Omrani, N., Peitz, M. (2018), "The economics of crowdfunding platforms", Information Economics and Policy, Vol. 33, P. 11–28, DOI: https://doi.org/10.1016/j.infoecopol.2015.08.003

Vasiliev, O. V., Matyushchenko, S. S. (2016), "Crowdfunding - a modern tool for financing the development of intellectual capital" ["Kraudfandynh – suchasnyy instrument finansuvannya rozvytku intelektualʹnoho kapitalu"], Investments: practice and experience, No. 18, P. 36–40.

Rau, P. R. (2020), Law, trust, and the development of crowdfunding, University of Cambridge, 60 p.

Logvinova, O. P. (2018), "Crowdfinding risk factors" ["Chynnyky ryzyku Kraudfandynhu"], In: Actual problems of functioning of the economic system of Ukraine. Proceedings of the II International Scientific and Practical Conference (Khmelnytsky, March 16-17, 2018), Kherson: Young Scientist Publishing House, P. 92–96.

"Overcoming Real Estate Barriers" ["Preodoleniye bar'yerov nedvizhimosti"], available at: https://estateguru.co/ru/

"Crowdestate review: the most financially stable real estate platform", available at: https://www.thewealthyfinn.com/p/crowdestate-review.html

"Reinvest24 Review", available at: https://p2pempire.com/en/review/reinvest24

Ellman, M., Hurkens, S. (2019), "Optimal crowdfunding design, Journal of Economic Theory", Journal of Economic Theory, Vol. 184, DOI: https://doi.org/10.1016/j.jet.2019.104939

Downloads

How to Cite

Malieieva, J., Malyeyeva, O., Demchenko, A., & Piddubna, L. (2020). INFORMATION SUPPORT FOR CROWDFUNDING AND INVESTING PROJECTS. INNOVATIVE TECHNOLOGIES AND SCIENTIFIC SOLUTIONS FOR INDUSTRIES, (3 (13), 34–42. https://doi.org/10.30837/ITSSI.2020.13.034

Issue

Section

INFORMATION TECHNOLOGY