Abstract

‘Blockchain Startup' is an innovative business idea which works with the decentralized financial (Defi) transactions through an encrypted system with the help of initial coin offering (ICO). The ICO is a way for startups and organizations within the crypto market to raise funds through unregulated crowdfunding. Blockchain is technology is used for cryptocurrency as an open-source currency – functioning through a central distribution agency or state lead control. Cryptocurrency helps in reducing intermediation of banking sector. Hence, protecting the Defi-transactions from hacking depends on the incentive-compatible proof-of-work (PoW). However, investors are crazy about digital currency/ crypto currency trading irrespective of risks involved. This chapter addresses the issues 1) to make aware of the status, progress of blockchain startup ventures and 2) to understand the threats and challenges involved in blockchain-startup business.