With the Financial Conduct Authority (FCA) consultation period scheduled to end shortly, CrowdConsent is announcing a simple technology solution to address current proposals to regulate both equity and debt based crowdfunding.crowdfunding marketing
The CrowdConsent service allows platforms to demonstrate that they have obtained the informed consent of crowdfunders in a way that is independently verified. This solution has been welcomed by multiple industry leaders and platform owners who believe that crowdfunding should be open to all and regulations, as currently proposed by the FCA, would exclude the majority of “the crowd” from crowdfunding.
Barry James, designer of CrowdConsent and founding director of the Social Foundation and TheCrowdfundingCentre, has created this technology to provide what could be a new industry standard to ensure a higher level of confidence than ever before that the appropriate consent has been consciously and actively given and precisely recorded – but with the minimum of friction and fuss for both the user and the platform.
Mark Thackeray Founder / Director of EcoPropagator.com said:
Stephen Hazell-Smith, an architect of the AIM market and founding chair of the Plus Market who has 30 years experience of investing in small companies says:
Barry James together with his team at The Crowdfunding Centre have now offered to make the CrowdConsent service freely available as a service to crowdfunding platforms in the UK and worldwide.indiegogo marketing
CrowdConsent is configured to accomplish the regulatory requirements by:
“Please confirm you understand that if you proceed you may lose all or part of this investment. If you understand and agree to this, record your consent by entering this code below: XYZ123456.”kickstarter marketing
Entering the unique code into the box provided (in this case XYZ123456) ensures consent is conscious and active and enables recording and tracking of the consent given (by whom, when and where). Highly secure cryptographic techniques ensure that privacy is fully preserved while information on the consent-event and message are recorded centrally beyond the control of the platform and therefore beyond reproach.
The facilities provide (via a free, open source, SDK) the means for any competent web developer to implement this quickly and easily so that it can easily be grafted into existing and new platforms with the minimum of fuss.
CrowdConsent is also supported by The Open Crowds Innovation Alliance which brings together those interested in open crowdfunding and other crowd centred innovations and in ensuring they stay open to all and embody the same spirit to be, and remain, by default – open, supportive and inclusive.kickstarter project
Posted from : http://www.crowdfundinsider.com/2013/12/28172-crowdconsent-aims-solve-fca-crowdfunding-regulation-requirements/