A decision support system for adaptive fund allocation in blockchain-based crowdfunding

Crowdfunding is an important mechanism for supporting innovative projects by connecting creators with distributed contributors. Prior research has identified persistent limitations in both traditional and blockchain-based crowdfunding platforms, including limited transparency, centralized control, passive contributor roles, and inflexible fund management processes. These limitations hinder accountability, equitable participation, and effective decision-making throughout the campaign lifecycle. This paper presents a blockchain-enabled crowdfunding framework designed as a decision-support artifact for adaptive fund allocation and participatory governance. The framework enables contributors to engage in spending-request governance through Quadratic Voting, which balances influence across heterogeneous financial stakes and mitigates dominance by large contributors. To support adaptive campaign management, the framework further integrates Ethereum smart contracts with a Markov Decision Process (MDP), enabling campaign-level decisions to respond to evolving contribution patterns and campaign states. The framework is implemented and evaluated through controlled experiments on the Sepolia Ethereum test network. The evaluation includes both an internal ablation of Quadratic Voting and MDP-based adaptive support and an external comparison against representative blockchain-based baselines. The results show that the combined Quadratic Voting and MDP design achieves lower approval latency and higher throughput than partial or static variants of the framework, and that the full proposed platform outperforms the compared baseline systems under increasing campaign workload. Overall, the study demonstrates how participatory governance, adaptive decision support, and transparent smart-contract execution can be systematically integrated into crowdfunding platforms, providing practical guidance for the design of scalable, efficient, and accountable decentralized crowdfunding systems.