Semantic Scholar Open Access 2018 402 sitasi

Blockchain tokens and the potential democratization of entrepreneurship and innovation

Yan Chen

Abstrak

Over the past few years, Bitcoin has emerged as the first decentralized, global currency. The rise of Bitcoin has brought attention not only to digital currencies but also to the underlying technology empowering digital currencies: blockchain technology. A blockchain is a distributed ledger that records and secures transactions in a peer-to-peer network. Besides empowering digital currencies, blockchain technology has given innovators the capability of creating digital tokens to represent scarce assets, potentially reshaping the landscape of entrepreneurship and innovation. Blockchain tokens may democratize (1) entrepreneurship by giving entrepreneurs new ways to raise funds and engage stakeholders, and (2) innovation by giving innovators a new way to develop, deploy, and diffuse decentralized applications. Blockchain technology and tokens have sparked a new wave of innovation, which may start to revolutionize entrepreneurship and innovation.

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Penulis (1)

Y

Yan Chen

Format Sitasi

Chen, Y. (2018). Blockchain tokens and the potential democratization of entrepreneurship and innovation. https://doi.org/10.1016/J.BUSHOR.2018.03.006

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Informasi Jurnal
Tahun Terbit
2018
Bahasa
en
Total Sitasi
402×
Sumber Database
Semantic Scholar
DOI
10.1016/J.BUSHOR.2018.03.006
Akses
Open Access ✓