To Token or not to Token: Tools for Understanding Blockchain Tokens
Journal
International Conference of Information Systems (ICIS 2018), San Francisco, USA, 12 December 2018 - 16 December 2018, ICIS
Type
conference paper
Date Issued
2018
Author(s)
Abstract
The growing usage of tokens in real-world blockchain projects-mostly visible in ICOs-has unveiled the need to understand what blockchain tokens in fact represent and how they relate to their underlying business model. Previous research has contributed to this gap but often lacks a comprehensive understanding of tokens and their design as well as of the growing and rapidly-changing complexity in token landscape. This has crucial implications for assessing tokens' value and utility. Applying a structured, scientific approach towards blockchain tokens, we provide a comprehensive token classification and a decision-aid on token design. This is based on a literature review and an empirical study to cover this research gap. Our work offers a novel contribution in an emerging field within the Blockchain research domain and proposes structured analytical tools which can be used by both practitioners and researchers.
Language
English
Keywords
blockchain
token
tokenomics
token design
cryptoeconomics
cryptocurrency
Division(s)
File(s)![Thumbnail Image]()
Name
To Token or not to Token_ Tools for Understanding Blockchain Tokens.pdf
Size
550.83 KB
Format
Adobe PDF
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