What Key Aspects Do ICOs Reveal About Their Businesses?

Blockchain 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 billion...

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Detalles Bibliográficos
Autores principales: Laatikainen, Gabriella, Semenov, Alexander, Zhang, Yixin, Abrahamsson, Pekka
Formato: Online Artículo Texto
Lenguaje:English
Publicado: 2020
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7510800/
http://dx.doi.org/10.1007/978-3-030-58858-8_5
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author Laatikainen, Gabriella
Semenov, Alexander
Zhang, Yixin
Abrahamsson, Pekka
author_facet Laatikainen, Gabriella
Semenov, Alexander
Zhang, Yixin
Abrahamsson, Pekka
author_sort Laatikainen, Gabriella
collection PubMed
description Blockchain 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.
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spelling pubmed-75108002020-09-23 What Key Aspects Do ICOs Reveal About Their Businesses? Laatikainen, Gabriella Semenov, Alexander Zhang, Yixin Abrahamsson, Pekka Agile Processes in Software Engineering and Extreme Programming – Workshops Article Blockchain 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. 2020-08-18 /pmc/articles/PMC7510800/ http://dx.doi.org/10.1007/978-3-030-58858-8_5 Text en © The Author(s) 2020 Open Access This chapter is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made. The images or other third party material in this chapter are included in the chapter's Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the chapter's Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder.
spellingShingle Article
Laatikainen, Gabriella
Semenov, Alexander
Zhang, Yixin
Abrahamsson, Pekka
What Key Aspects Do ICOs Reveal About Their Businesses?
title What Key Aspects Do ICOs Reveal About Their Businesses?
title_full What Key Aspects Do ICOs Reveal About Their Businesses?
title_fullStr What Key Aspects Do ICOs Reveal About Their Businesses?
title_full_unstemmed What Key Aspects Do ICOs Reveal About Their Businesses?
title_short What Key Aspects Do ICOs Reveal About Their Businesses?
title_sort what key aspects do icos reveal about their businesses?
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7510800/
http://dx.doi.org/10.1007/978-3-030-58858-8_5
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