Review of Crowdfunding: Historical Evolution, Societal Implications, and Architectural Perspectives

This study performs an analysis on crowdfunding. It explores how crowdfunding began, how it's impacting society, the challenges it faces, and how these platforms are designed. Following a detailed historical review of crowdfunding platforms' emergence, the paper explores their significant impacts on investors, enterprises, and society at large. By reviewing relevant literature, the study identifies research gaps, thus establishing a foundation for future investigation. The analysis delves into architectural designs and frameworks, while simultaneously investigating the difficulties faced by businesses during crowdsourcing campaigns. Finally, the study synthesizes key findings and their implications for academics, practitioners, and policymakers within the domain of crowdsourcing. Decentralized crowdfunding has fundamentally transformed the investment landscape, revolutionizing traditional models and unlocking novel funding avenues for early-stage ventures. Examining this evolution in detail, with a specific focus on the AngelicCrowd platform and its impact on angel investors, this study aims to provide a holistic understanding of the dynamics within the decentralized crowdfunding ecosystem. Through analysis of key trends, obstacles, and opportunities, the research investigates factors influencing adoption, the role of blockchain technology and smart contracts, and impediments to widespread implementation. The analysis is informed by a diverse dataset, incorporating responses from angel investors utilizing AngelicCrowd and similar platforms. Additionally, the paper explores the repercussions of these developments on conventional funding strategies and the democratization of investment.