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RESEARCH PRODUCT
What Key Aspects Do ICOs Reveal About Their Businesses?
Pekka AbrahamssonGabriella LaatikainenAlexander SemenovYixin Zhangsubject
liiketoimintamallitKnowledge managementExploratory research02 engineering and technologyBusiness modellohkoketjutBusiness modelsBlockhainArticle0502 economics and business0202 electrical engineering electronic engineering information engineeringbusiness modelsjoukkorahoitusbusiness.industry05 social sciencesICOcomputer.file_formatTransparency (behavior)virtuaalivaluuttaKey (cryptography)ICO020201 artificial intelligence & image processingBusinessTransaction datacomputer050203 business & managementblockhainAgile software developmentdescription
AbstractBlockchain technologies disrupt industries by enabling decentralized and transactional data sharing across a network of untrusted participants, among others. Initial Coin Offerings (ICOs) are a novel form of crowdfunding through which hundreds of blockchain-enabled businesses manage to raise billions of dollars in total only in United States. However, there is a lack of understanding of the ICO phenomenon especially related to the business aspects. In this paper, we describe the results of an exploratory study of 91 ICOs and identify the key business model elements that ICOs reveal in their websites and whitepapers. Furthermore, we also note the immaturity and lack of transparency of the business aspects of businesses behind the ICO campaigns.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2020-08-01 |