Blockchain ‘Crypto’ Crowdfunding Phenomenon Primed For Industry Disruption & Beyond
As the blockchain technology trend has been picking up momentum, more and more start-ups have this year been hopping on the bandwagon and implementing cryptocurrency tokens and blockchain protocols as a means of crowdfunding their ventures. The 'ICO , the Initial Coin Offering, has become a phenomenon, but some may ask if it’s akin to the 'Wild West ' of investing.
Last month when I visited the German capital for a conference and caught up with the 24-year old Lisk CEO Kordek, a futurist and entrepreneur interested in disruptive technologies, he expressed some reservations that not all business use cases were necessarily suited to ICO fund raising campaigns.
Thus, while there are indeed great opportunities for both companies seeking capital investment and investors looking for hot new companies to put their money into, navigating the maze of this emerging market poses its challenges and risks, and in particular for the professionals aiming to assure the integrity of their businesses.