The DOI matches its Crossref record; 58 of the 58 references it cites were found in a registry or an index.
Blockchain technology and startup financing: A transaction cost economics perspective
Abstract
Cryptocurrencies (e.g., Bitcoin, EOS, Etherum, Litecoin, and others) are disrupting the traditional banking and financial systems. The cryptocurrencies are based on a set of technologies commonly referred to as blockchain technology. The potential effect of blockchain technology on institutional economics is profound. Already, blockchain technology-based applications in supply chain management, marketing, and finance are decentralizing and streamlining vital institutional functions. In this paper, we examine the economics of blockchain technologies as it pertains to transaction costs in startup financing. We draw upon the theory of transaction cost economics and the transactional nature of blockchain technology to propose a model to demonstrate how and why blockchain technology based applications are effective. We then apply the model to demonstrate how blockchain technology can be used to overcome many problems inherent in startup financing. For example, information asymmetry and transaction costs involved with matching an entrepreneur with an investor and the terms of the financing deal are some of the fundamental issues in entrepreneurial financing. We explain how a financing system based on blockchain technology can ameliorate the problems and lead to a more effective and decentralized entrepreneurial financing process.
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Parmentola, A., Petrillo, A., Tutore, I., & De Felice, F. (2022) · Business Strategy and the Environment · doi:10.1002/bse.2882 · Cited by 429
The emerging driving force of energy consumption in China: Does digital economy development matter?
Xue, Y., Tang, C., Wu, H., Liu, J., & Hao, Y. (2022) · Energy Policy · doi:10.1016/j.enpol.2022.112997 · Cited by 394
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How can Blockchain technology support patent management? A systematic literature review
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Metadata
- Authors
- Ahluwalia, S., Mahto, R. V., & Guerrero, M.
- Venue
- Technological Forecasting and Social Change
- Publisher
- Elsevier BV
- Published
- 2020-02
- Volume
- 151
- Pages
- 119854
- ISSN
- 0040-1625 (ISSN-L)
- OpenAlex
- W2994101749
- Cited by
- 308
- References
- 58
- FWCI
- 35.30
- Type
- journal article
- Language
- en
- Open access
- closed
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- Ahluwalia, S., Mahto, R. V., & Guerrero, M. (2020). Blockchain technology and startup financing: A transaction cost economics perspective. Technological Forecasting and Social Change. https://doi.org/10.1016/j.techfore.2019.119854
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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.