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Managing Initial Coin Offerings: Towards a Taxonomy of ICO Processes
Journal
Hawaii International Conference on System Sciences (HICSS)
Type
conference paper
Date Issued
2019
Author(s)
Research Team
IWI 6
Abstract
Initial Coin Offerings are a new type of crowdbased fundraising mechanism that uses the blockchain to issue tokens to a crowd of people in exchange for funds that blockchain start-ups use to develop their business. Unfortunately, due to the recency of this new phenomenon, there is no systematic understanding of the ICO process and its underlying process characteristics. However, companies engaging in ICOs should be able to evaluate and choose the right process steps to best achieve their goal. Against this background, we develop a taxonomy for ICO processes. In contrast to previous work, this classification scheme focuses exclusively on the processual nature of ICOs and its underlying mechanisms.
Language
English
Keywords
Initial Coin Offerings
Blockchain
Process Taxonomy
HSG Classification
contribution to practical use / society
Event Title
Hawaii International Conference on System Sciences (HICSS)
Event Location
Maui, Hawaii, USA
Event Date
07.01.2019-12.01.2019
Subject(s)
Division(s)
Eprints ID
254998
File(s)