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

SSRN Electronic Journal
2017
  • 26
    Citations
  • 23,937
    Usage
  • 14
    Captures
  • 0
    Mentions
  • 7
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Citations
    26
    • Citation Indexes
      26
  • Usage
    23,937
    • Abstract Views
      18,117
    • Downloads
      5,820
  • Captures
    14
    • Readers
      14
      • SSRN
        14
  • Social Media
    7
    • Shares, Likes & Comments
      7
      • Facebook
        7
  • Ratings
    • Download Rank
      2,921

Article Description

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).

Bibliographic Details

Maximilian Friedlmaier; Andranik Tumasjan; Isabell M. Welpe

Elsevier BV

blockchain; business models; bitcoin; disruptive innovation

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