Product Ontology Construction for Crowdfunding Projects

Crowdfunding provides financial support to realize projects through the power of the public. Since crowdfunding is a voluntary activity, fraudulent crowdfunding projects cannot be regulated. During our research on how to detect fake crowdfunding projects, we found that the classification of product categories for crowdfunding project is crucial. Therefore, we want to implement the classification of product categories for crowdfunding projects on detecting fraudulent crowdfunding projects through the product ontology construction of crowdfunding projects.In this research, we proposed a novel method for product ontology construction based on the modified Nice Classification. To make the categories of products in the Nice Classification more closely match the crowdfunding projects, we have modified the Nice Classification according to the actual categories of products for crowdfunding projects. The method of product ontology construction based on the modified Nice Classification achieved an accuracy of 98% in classifying the categories of products for crowdfunding projects.