| Creators: |
Chanson, Mathieu and Risius, Marten and Wortmann, Felix |
| Title: |
Initial Coin Offerings (ICOs): An Introduction to the Novel Funding Mechanism Based on Blockchain Technology |
| Item Type: |
Conference or Workshop Item |
| Event Title: |
(Proceedings of the) 24th Americas Conference on Information Systems (AMCIS) |
| Event Location: |
New Orleans, LA, USA |
| Event Dates: |
August, 16-18, 2018 |
| Projects: |
IDI |
| Date: |
2018 |
| Divisions: |
Informationsmanagement |
| Abstract (ENG): |
Initial Coin Offerings (ICOs) are a novel form of funding mechanism that is based on blockchain technology.
While ICOs are already the dominating financing paradigm in the blockchain industry, they might also
disrupt well-established industries that rely on traditional funding systems. ICOs are a recent phenomenon.
Hence, research on the topic is scarce and the phenomenon not yet well-understood. To address this
research gap, we try to build a basic understanding of ICOs in this paper. More specifically, we identify
constituent ICO building blocks by drawing on financialization literature. In addition, we analyze 96 ICOs
with respect to these constituent building blocks. Our analysis provides first evidence that ICOs differ
considerably regarding the identified building blocks. Based on these insights, we specify future research
plans that encourage the development of a well-founded taxonomy and highlight limitations of our study. |
| Forthcoming: |
No |
| Language: |
English |
| Uncontrolled Keywords: |
Blockchain, Distributed Ledger Technology (DLT), Initial Coin Offering (ICO), Token Sale |
| Citation: |
Chanson, Mathieu and Risius, Marten and Wortmann, Felix
(2018)
Initial Coin Offerings (ICOs): An Introduction to the Novel Funding Mechanism Based on Blockchain Technology.
In: (Proceedings of the) 24th Americas Conference on Information Systems (AMCIS), August, 16-18, 2018, New Orleans, LA, USA.
|
