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Scaling, blockchain technology, and entrepreneurial opportunities in developing countries

Rawhouse, G, Webb, J, Rodrigues, J, Waldron, T, Kumaraswamy, A, Amankwah-Amoah, J., Grady, A (2022) Scaling, blockchain technology, and entrepreneurial opportunities in developing countries. Journal of Business Venturing Insights, 18 (e00325). ISSN 2352-6734. (doi:10.1016/j.jbvi.2022.e00325) (Access to this publication is currently restricted. You may be able to access a copy if URLs are provided) (KAR id:95433)

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Official URL:
https://doi.org/10.1016/j.jbvi.2022.e00325

Abstract

Applications of blockchain technology (BCT) are scaling globally, especially in developing countries, where the opportunities that they exploit are often most prevalent. Achieving scale is vital for BCT ventures, which rely on network effects. BCT ventures seeking to scale employ innovative methods for scaling and also provide interesting insights on entrepreneurial scaling. We draw attention to three approaches that support scaling –promoting technology platforms, leveraging collective action, and navigating institutional contexts– and identify theoretically-grounded strategies for scaling related to these three approaches. We also build from the practical experience of cLabs, a BCT venture seeking to scale Celo, a mobile-first cryptocurrency blockchain platform focused on the developing world. We examine what BCT proponents like cLabs need to do to scale quickly and synthesize key insights, strategies for BCT ventures in developing contexts, and opportunities for future research.

Item Type: Article
DOI/Identification number: 10.1016/j.jbvi.2022.e00325
Divisions: Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business
Depositing User: Joseph Amankwah-Amoah
Date Deposited: 15 Jun 2022 00:38 UTC
Last Modified: 17 Jun 2022 07:51 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/95433 (The current URI for this page, for reference purposes)

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