{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,9]],"date-time":"2026-04-09T03:32:30Z","timestamp":1775705550839,"version":"3.50.1"},"reference-count":35,"publisher":"Emerald","issue":"11","license":[{"start":{"date-parts":[[2020,12,28]],"date-time":"2020-12-28T00:00:00Z","timestamp":1609113600000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["K"],"published-print":{"date-parts":[[2021,11,16]]},"abstract":"<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title>\n<jats:p>This paper aims to propose a novel blockchain crowdfunding projects evaluation approach using extended techniques for order preferences by similarity to ideal solution (TOPSIS) under fuzzy environment.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title>\n<jats:p>By analyzing the characteristics and operation process of blockchain crowdfunding model, this paper formulates the evaluation index system from three dimensions of human resources, capital and publicity. In addition, the entropy method is used to calculate the weight of each indicator to avoid subjective judgments; different alternatives are evaluated using the grey correlation analysis (GRA) and TOPSIS-integrated method which considers the distance and similarity between alternatives simultaneously.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Findings<\/jats:title>\n<jats:p>By analyzing the characteristics and operation process of blockchain crowdfunding model, this paper formulates the evaluation index system from three dimensions of human resources, capital and publicity. In addition, the entropy method is used to calculate the weight of each indicator to avoid subjective judgments; different alternatives are evaluated using the GRA and TOPSIS-integrated method which considers the distance and similarity between alternatives simultaneously.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title>\n<jats:p>Blockchain crowdfunding has become a new model for fund-raisers to raise funds from public investors. This paper proposes a novel blockchain crowdfunding projects evaluation approach using extended TOPSIS under fuzzy environment.<\/jats:p>\n<\/jats:sec>","DOI":"10.1108\/k-02-2020-0067","type":"journal-article","created":{"date-parts":[[2020,12,29]],"date-time":"2020-12-29T08:37:12Z","timestamp":1609231032000},"page":"3017-3036","source":"Crossref","is-referenced-by-count":12,"title":["Blockchain crowdfunding projects evaluation using GRA-TOPSIS"],"prefix":"10.1108","volume":"50","author":[{"given":"Chunxia","family":"Yu","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Yi","family":"Leng","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Jing","family":"Li","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Jiacheng","family":"Yu","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"140","published-online":{"date-parts":[[2020,12,28]]},"reference":[{"key":"key2021111206333857800_ref001","doi-asserted-by":"crossref","first-page":"94","DOI":"10.1016\/j.compind.2018.12.017","article-title":"An integrated neutrosophic ANP and VIKOR method for achieving sustainable supplier selection: a case study in importing field","volume":"106","year":"2019","journal-title":"Computers in Industry"},{"key":"key2021111206333857800_ref002","doi-asserted-by":"crossref","first-page":"64","DOI":"10.1016\/j.jeconbus.2018.04.001","article-title":"Why do businesses go crypto? An empirical analysis of initial coin offerings","volume":"100","year":"2018","journal-title":"Journal of Economics and Business"},{"key":"key2021111206333857800_ref003","doi-asserted-by":"crossref","first-page":"106","DOI":"10.1016\/j.ijpe.2017.10.013","article-title":"Multi-tier sustainable global supplier selection using a fuzzy AHP-VIKOR based approach","volume":"195","year":"2018","journal-title":"International Journal of Production Economics"},{"key":"key2021111206333857800_ref004","unstructured":"Buterin, V. (2014), \u201cA next generation smart contract and decentralized application platform [white paper]\u201d, Ethereum, available at: https:\/\/cryptorating.eu\/whitepapers\/Ethereum\/Ethereum_white_paper.pdf"},{"key":"key2021111206333857800_ref005","doi-asserted-by":"crossref","first-page":"55","DOI":"10.1016\/j.tele.2018.11.006","article-title":"A systematic literature review of blockchain-based applications: current status, classification and open issues","volume":"36","year":"2019","journal-title":"Telematics and Informatics"},{"key":"key2021111206333857800_ref006","doi-asserted-by":"crossref","first-page":"2292","DOI":"10.1109\/ACCESS.2016.2566339","article-title":"Blockchains and smart contracts for the internet of things","volume":"4","year":"2016","journal-title":"IEEE Access"},{"key":"key2021111206333857800_ref007","doi-asserted-by":"crossref","first-page":"115","DOI":"10.1016\/j.sbspro.2015.04.872","article-title":"The determinants of crowdfunding success: evidence from technology projects","volume":"181","year":"2015","journal-title":"Procedia \u2013 Social and Behavioral Sciences"},{"issue":"1","key":"key2021111206333857800_ref008","first-page":"1","article-title":"Introduction to grey system theory","volume":"1","year":"1989","journal-title":"J. Grey Syst"},{"key":"key2021111206333857800_ref009","doi-asserted-by":"crossref","first-page":"102029","DOI":"10.1016\/j.ijinfomgt.2019.10.014","article-title":"Blockchain as a disruptive technology for business: a systematic review","volume":"51","year":"2020","journal-title":"International Journal of Information Management"},{"issue":"6","key":"key2021111206333857800_ref010","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1145\/2530540","article-title":"Crowdfunding: motivations and deterrents for participation","volume":"20","year":"2013","journal-title":"ACM Transactions on Computer-Human Interaction"},{"key":"key2021111206333857800_ref011","doi-asserted-by":"crossref","unstructured":"Hartmann, F., Grottolo, G., Wang, X. and Lunesu, M.I. (2019), \u201cAlternative fundraising: success factors for blockchain-based vs conventional crowdfunding\u201d, Paper presented at the 2nd IEEE International Workshop on Blockchain Oriented Software Engineering, IWBOSE, Hangzhou.","DOI":"10.1109\/IWBOSE.2019.8666515"},{"key":"key2021111206333857800_ref012","doi-asserted-by":"crossref","first-page":"102145","DOI":"10.1016\/j.scs.2020.102145","article-title":"BitFund: a blockchain-based crowd funding platform for future smart and connected nation","volume":"60","year":"2020","journal-title":"Sustainable Cities and Society"},{"key":"key2021111206333857800_ref013","doi-asserted-by":"crossref","first-page":"242","DOI":"10.1016\/j.cie.2019.07.023","article-title":"Blockchains in operations and supply chains: a model and reference implementation","volume":"136","year":"2019","journal-title":"Computers and Industrial Engineering"},{"key":"key2021111206333857800_ref014","volume-title":"Multiple Attribute Decision Making Methods and Applications","year":"1981"},{"issue":"1","key":"key2021111206333857800_ref015","doi-asserted-by":"crossref","first-page":"42","DOI":"10.1016\/j.pursup.2010.06.004","article-title":"Integrating fuzzy TOPSIS and multi-period goal programming for purchasing multiple products from multiple suppliers","volume":"17","year":"2011","journal-title":"Journal of Purchasing and Supply Management"},{"issue":"6","key":"key2021111206333857800_ref016","doi-asserted-by":"crossref","first-page":"761","DOI":"10.1108\/MF-10-2018-0472","article-title":"ICOs, the next generation of IPOs","volume":"46","year":"2019","journal-title":"Managerial Finance"},{"issue":"6","key":"key2021111206333857800_ref017","doi-asserted-by":"crossref","first-page":"773","DOI":"10.1016\/j.bushor.2019.08.003","article-title":"A decentralized token economy: how blockchain and cryptocurrency can revolutionize business","volume":"62","year":"2019","journal-title":"Business Horizons"},{"key":"key2021111206333857800_ref018","doi-asserted-by":"crossref","first-page":"101962","DOI":"10.1016\/j.rcim.2020.101962","article-title":"Blockchain-enabled logistics finance execution platform for capital-constrained e-commerce retail","volume":"65","year":"2020","journal-title":"Robotics and Computer-Integrated Manufacturing"},{"key":"key2021111206333857800_ref019","doi-asserted-by":"crossref","first-page":"80","DOI":"10.1016\/j.jii.2019.04.002","article-title":"The blockchain: state-of-the-art and research challenges","volume":"15","year":"2019","journal-title":"Journal of Industrial Information Integration"},{"key":"key2021111206333857800_ref020","doi-asserted-by":"crossref","first-page":"65","DOI":"10.1016\/j.elerap.2017.12.001","article-title":"Success factors in title III equity crowdfunding in the United States","volume":"27","year":"2018","journal-title":"Electronic Commerce Research and Applications"},{"key":"key2021111206333857800_ref021","doi-asserted-by":"crossref","first-page":"99","DOI":"10.1016\/j.jclepro.2018.04.131","article-title":"An integrated methodology for a sustainable two-stage supplier selection and order allocation problem","volume":"192","year":"2018","journal-title":"Journal of Cleaner Production"},{"key":"key2021111206333857800_ref022","unstructured":"Nakamoto, S. (2008), \u201cBitcoin: a peer-to-peer electronic cash system [online]\u201d, available at: https:\/\/bitcoin.org\/bitcoin.pdf"},{"issue":"4","key":"key2021111206333857800_ref023","doi-asserted-by":"crossref","first-page":"100552","DOI":"10.1016\/j.pursup.2019.100552","article-title":"Blockchain and supply chain relations: a transaction cost theory perspective","volume":"25","year":"2019","journal-title":"Journal of Purchasing and Supply Management"},{"key":"key2021111206333857800_ref024","doi-asserted-by":"publisher","DOI":"10.2139\/ssrn.1699183","article-title":"Crowdfunding of small entrepreneurial ventures","year":"2010","journal-title":"The Oxford Handbook of Entrepreneurial Finance"},{"key":"key2021111206333857800_ref025","volume-title":"The Mathematical Theory of Communication","year":"1998"},{"issue":"10","key":"key2021111206333857800_ref026","doi-asserted-by":"crossref","first-page":"12160","DOI":"10.1016\/j.eswa.2011.03.027","article-title":"A fuzzy VIKOR method for supplier selection based on entropy measure for objective weighting","volume":"38","year":"2011","journal-title":"Expert Systems with Applications"},{"key":"key2021111206333857800_ref027","doi-asserted-by":"crossref","first-page":"204","DOI":"10.1016\/j.eswa.2018.09.048","article-title":"Public blockchain evaluation using entropy and TOPSIS","volume":"117","year":"2019","journal-title":"Expert Systems with Applications"},{"key":"key2021111206333857800_ref028","article-title":"Exploring signals for investing in an initial coin offering (ICO)","year":"2017"},{"key":"key2021111206333857800_ref029","doi-asserted-by":"crossref","first-page":"67","DOI":"10.1016\/j.dss.2016.08.001","article-title":"The determinants of crowdfunding success: a semantic text analytics approach","volume":"91","year":"2016","journal-title":"Decision Support Systems"},{"issue":"1","key":"key2021111206333857800_ref030","doi-asserted-by":"crossref","first-page":"223","DOI":"10.1016\/j.eswa.2014.07.057","article-title":"An agent-based negotiation model for supplier selection of multiple products with synergy effect","volume":"42","year":"2015","journal-title":"Expert Systems with Applications"},{"issue":"8","key":"key2021111206333857800_ref031","doi-asserted-by":"crossref","first-page":"1782","DOI":"10.1108\/K-02-2018-0063","article-title":"An integrated sustainable supplier selection approach using compensatory and non-compensatory decision methods","volume":"48","year":"2019","journal-title":"Kybernetes"},{"key":"key2021111206333857800_ref032","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/j.eswa.2018.12.010","article-title":"A group decision making sustainable supplier selection approach using extended TOPSIS under interval-valued pythagorean fuzzy environment","volume":"121","year":"2019","journal-title":"Expert Systems with Applications"},{"issue":"3","key":"key2021111206333857800_ref033","first-page":"338","article-title":"Information and control","volume":"8","year":"1965","journal-title":"Fuzzy Sets"},{"issue":"4","key":"key2021111206333857800_ref034","doi-asserted-by":"crossref","first-page":"1336","DOI":"10.1016\/j.cie.2011.08.008","article-title":"An extended GRA method for MCDM with interval-valued triangular fuzzy assessments and unknown weights","volume":"61","year":"2011","journal-title":"Computers and Industrial Engineering"},{"issue":"1","key":"key2021111206333857800_ref035","doi-asserted-by":"crossref","first-page":"29","DOI":"10.1186\/s40854-016-0044-7","article-title":"Analysis and outlook of applications of blockchain technology to equity crowdfunding in China","volume":"2","year":"2016","journal-title":"Financial Innovation"}],"container-title":["Kybernetes"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/K-02-2020-0067\/full\/xml","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/K-02-2020-0067\/full\/html","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,7,24]],"date-time":"2025-07-24T21:46:53Z","timestamp":1753393613000},"score":1,"resource":{"primary":{"URL":"http:\/\/www.emerald.com\/k\/article\/50\/11\/3017-3036\/451910"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2020,12,28]]},"references-count":35,"journal-issue":{"issue":"11","published-online":{"date-parts":[[2020,12,28]]},"published-print":{"date-parts":[[2021,11,16]]}},"alternative-id":["10.1108\/K-02-2020-0067"],"URL":"https:\/\/doi.org\/10.1108\/k-02-2020-0067","relation":{},"ISSN":["0368-492X","0368-492X"],"issn-type":[{"value":"0368-492X","type":"print"},{"value":"0368-492X","type":"print"}],"subject":[],"published":{"date-parts":[[2020,12,28]]}}}