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

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dc.contributor.authorFriedlmaier, Maximilian
dc.contributor.authorTumasjan, Andranik
dc.contributor.authorWelpe, Isabell M.
dc.date.accessioned2017-12-28T01:52:59Z
dc.date.available2017-12-28T01:52:59Z
dc.date.issued2018-01-03
dc.description.abstractThe 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).
dc.format.extent10 pages
dc.identifier.doi10.24251/HICSS.2018.445
dc.identifier.isbn978-0-9981331-1-9
dc.identifier.urihttp://hdl.handle.net/10125/50333
dc.language.isoeng
dc.relation.ispartofProceedings of the 51st Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectDistributed Ledger Technology, the Blockchain
dc.subjectBitcoin Blockchain Business Models Disruptive Innovation
dc.titleDisrupting Industries with Blockchain: The Industry, Venture Capital Funding, and Regional Distribution of Blockchain Ventures
dc.typeConference Paper
dc.type.dcmiText

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