Blockchain technology is an innovative, new and fast growing industry, with most countries around the world uncertain on what to do with blockchain and how to react. Previous research on blockchain...Show moreBlockchain technology is an innovative, new and fast growing industry, with most countries around the world uncertain on what to do with blockchain and how to react. Previous research on blockchain has mainly focussed on bitcoin and cryptocurrency, this paper goes beyond just cryptocurrencies while also looking at the ‘why’ question to try and explain the different early responses towards blockchain by different countries. It starts with an explanation on what blockchain is and what cryptocurrencies are, it then focusses on the responses that countries took with regard to blockchain. The main goal of this paper is to categorize countries around the world on their early responses towards blockchain technology and then investigate what could explain these early responses towards blockchain technology by different countries. Economic, political and cultural variables are included to investigate a possible answer to the early responses towards blockchain.Show less
