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2019 | OriginalPaper | Buchkapitel

8. Blockchain and Initial Coin Offerings: Blockchain’s Implications for Crowdfunding

verfasst von : Laurin Arnold, Martin Brennecke, Patrick Camus, Gilbert Fridgen, Tobias Guggenberger, Sven Radszuwill, Alexander Rieger, André Schweizer, Nils Urbach

Erschienen in: Business Transformation through Blockchain

Verlag: Springer International Publishing

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Abstract

Interest in Blockchain technology is growing rapidly and at a global scale. As scrutiny from practitioners and researchers intensifies, various industries and use cases are identified that may benefit from adopting Blockchain. In this context, peer-to-peer (P2P) funding through initial coin offerings (ICOs) is often singled out as one of the most visible and promising use cases. ICOs are novel forms of crowdfunding that collect funds in exchange for so-called Blockchain tokens. These tokens can represent any traditional form of underlying asset and have already been used, among others, to denote shares in a company, user reputations in online systems, deposits of fiat currencies, and balances in cryptocurrency systems. Importantly, ICOs allow for P2P investments without intermediaries. In this chapter, we explain the fundamentals of ICOs, highlight their differences to traditional financing, and analyze their potential impacts on crowdfunding.

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Nächstes Kapitel Insurance Under the Blockchain Paradigm

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Titel: Blockchain and Initial Coin Offerings: Blockchain’s Implications for Crowdfunding
verfasst von: Laurin Arnold
Martin Brennecke
Patrick Camus
Gilbert Fridgen
Tobias Guggenberger
Sven Radszuwill
Alexander Rieger
André Schweizer
Nils Urbach
Verlag: Springer International Publishing
Buch: Business Transformation through Blockchain
Print ISBN: 978-3-319-98910-5

Electronic ISBN: 978-3-319-98911-2

Copyright-Jahr: 2019
DOI: https://doi.org/10.1007/978-3-319-98911-2_8

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