What is the relationship and difference between crowdfunding and crowdsourcing?

Crowdfunding and crowdsourcing are both emerging Internet concepts, and there is no clear relationship between them. Crowdfunding makes rational use of public funds and crowdsourcing makes rational use of public labor.

The main differences between crowdfunding and crowdsourcing are as follows:

1, different modes

The mode of crowdfunding is to raise project funds from netizens in the form of group purchase+pre-purchase;

Crowdsourcing mode is that companies or institutions outsource the tasks performed by employees to unspecified (and usually large-scale) public volunteers in a free and voluntary way.

2. Different roles.

The role of crowdfunding consists of promoters, investors and platforms;

The role of crowdsourcing consists of merchants or enterprises, outsourcing platforms and public volunteers.

3. Different characteristics

The main characteristics of crowdfunding are: low threshold, diversity, relying on mass strength and focusing on creativity;

The main characteristics of crowdsourcing: rational use of labor, reducing labor costs and labor disputes.

Baidu encyclopedia-crowdfunding

Baidu encyclopedia-crowdsourcing