Please use this identifier to cite or link to this item: http://hdl.handle.net/10125/50333

Disrupting Industries with Blockchain: The Industry, Venture Capital Funding, and Regional Distribution of Blockchain Ventures

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Title: Disrupting Industries with Blockchain: The Industry, Venture Capital Funding, and Regional Distribution of Blockchain Ventures
Authors: Friedlmaier, Maximilian
Tumasjan, Andranik
Welpe, Isabell M.
Keywords: Distributed Ledger Technology, the Blockchain
Bitcoin Blockchain Business Models Disruptive Innovation
Issue Date: 03 Jan 2018
Abstract: The blockchain (i.e., a decentralized and encrypted digital ledger) has the potential to disrupt many traditional business models. This study investigates the emerging blockchain business-application landscape by analyzing its industry, venture capital funding, and regional distribution. By matching four venture databases on blockchain-based startups we create a unique database to analyze the technology from a diffusion of innovation theoretical perspective. First, our results show that blockchain startups are present across all industry segments and are most prominently represented in the Finance & Insurance and Information & Communication industries. A fine-grained analysis of financial services yields increasing novel applications in existing service offerings. Second, we find that mainly Finance & Insurance and Information & Communication industries are funded by venture capital, but that blockchain startups are present across all industries. Third, our regional distribution analysis of the emerging ventures identifies two leading geographical blockchain clusters (i.e., the US and UK).
Pages/Duration: 10 pages
URI/DOI: http://hdl.handle.net/10125/50333
ISBN: 978-0-9981331-1-9
Rights: Attribution-NonCommercial-NoDerivatives 4.0 International
Appears in Collections:Distributed Ledger Technology, the Blockchain


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