The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Blockchain disruption and decentralized finance: The rise of decentralized business models
Open accessAbstract
Abstract Blockchain technology can reduce transaction costs, generate distributed trust, and empower decentralized platforms, potentially becoming a new foundation for decentralized business models. In the financial industry, blockchain technology allows for the rise of decentralized financial services, which tend to be more decentralized, innovative, interoperable, borderless, and transparent. Empowered by blockchain technology, decentralized financial services have the potential to broaden financial inclusion, facilitate open access, encourage permissionless innovation, and create new opportunities for entrepreneurs and innovators. In this article, we assess the benefits of decentralized finance, identify existing business models, and evaluate potential challenges and limits. As a new area of financial technology, decentralized finance may reshape the structure of modern finance and create a new landscape for entrepreneurship and innovation, showcasing the promises and challenges of decentralized business models.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Coase, R. H. (1937) · Economica · doi:10.1111/j.1468-0335.1937.tb00002.x · Cited by 23,972
Cited by
A review of Blockchain Technology applications for financial services
Javaid, M., Haleem, A., Singh, R. P., Suman, R., & Khan, S. (2022) · BenchCouncil Transactions on Benchmarks, Standards and Evaluations · doi:10.1016/j.tbench.2022.100073 · Cited by 470
Blockchain Technology in Financial Accounting: Enhancing Transparency, Security, and ESG Reporting
Almadadha, R. (2024) · Blockchains · doi:10.3390/blockchains2030015 · Cited by 74
Fintechs and Institutions: A Systematic Literature Review and Future Research Agenda
Tello-Gamarra, J., Campos-Teixeira, D., Longaray, A. A., Reis, J., & Hernani-Merino, M. (2022) · Journal of Theoretical and Applied Electronic Commerce Research · doi:10.3390/jtaer17020038 · Cited by 31
Fintechs and Institutions: Evidence from an Emerging Economy
Campos-Teixeira, D., Tello-Gamarra, J., Reis, J., Longaray, A. A., & Hernani-Merino, M. (2025) · Journal of Risk and Financial Management · doi:10.3390/jrfm18040212 · Cited by 3
Metadata
- Authors
- Chen, Y., & Bellavitis, C.
- Venue
- Journal of Business Venturing Insights
- Publisher
- Elsevier BV
- Published
- 2020-06
- Volume
- 13
- Pages
- e00151
- ISSN
- 2352-6734 (ISSN-L)
- OpenAlex
- W2989739431
- Cited by
- 793
- References
- 1
- FWCI
- 70.60
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Blockchain disruption and decentralized finance: The rise of decentralized business models. https://app.cochat.ai/papers/10.1016/j.jbvi.2019.e00151
- The paper
- Chen, Y., & Bellavitis, C. (2020). Blockchain disruption and decentralized finance: The rise of decentralized business models. Journal of Business Venturing Insights. https://doi.org/10.1016/j.jbvi.2019.e00151
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
