Entrepreneurship and risks: block chain-based management

Abstract

As the Blockchain technology evolves and more and more new projects with its use are being prepared for commissioning, it seems necessary to focus on less-discussed issues. Do Blockchain-based business models generate new types of risks for entrepreneurship and the industry as a whole? If so, what should be done to prevent and mitigate these risks? In the article, the authors investigate the applicability of Blockchain technology, except for the Bitcoin and Ethereum, mainly through the lens of business risk management. In particular, the authors propose to introduce smart contracts into the activity and consider the action using the example of trade finance.