OriginalMy: Blockchain technology and business defying a 20th-century regulation

First Published May 6, 2020 Research Article

Blockchain is the century’s most notable technological innovation that is reshaping all industries. Notwithstanding, the technology needs to achieve maturity and address critical problems to generate real business value. Consequently, blockchain-based new ventures have been dealing with high-technology-associated pressures to enter this modern market. Most of them are still in the platform proliferation stage, struggling to face serious regulation challenges. Alternatively, there are successful cases in which wise strategic choices allowed companies to overcome the challenges and leverage their business successfully – OriginalMy is one of them. It is a Brazilian born blockchain-based venture aiming to decentralise notary and authenticity contributing to reduce excessive bureaucracy and eventually restrain corruption that is relatively common not only in their country but all over the world. This Teaching Case covers how the venture strove against unpredictable and unfavourable situations to fund and develop its blockchain business. It is supplemented by in-depth Teaching Notes where we craft a synthesised theoretical background to support the complex decision-making process through which the Chief Executive Officer defined the company’s fate amid such challenges and uncertainties concerning blockchain technology. The case examines the entrepreneurs behind OriginalMy, its growth, the difficulties it has faced, the upright issues surrounding it and its future outlooks. It draws on theory from high-technology market entry and the inherent pressures of this kind of entrepreneurship, sustained by the strategies and alliances that entrepreneurs can enact to address them.

Notaries of Europe (2018) Publication of the Cnue’s Annual Report for 2017. Available at: https://bit.ly/2tZ99hS (accessed 7 March 2019).
Google Scholar
OriginalMy (2018a) About Originalmy. Available at: https://originalmy.com/about (accessed 15 December 2018).
Google Scholar
OriginalMy (2018b) Originalmy Dashboard. Available at: https://originalmy.com/dashboard (accessed 15 December 2018).
Google Scholar
World Bank (2018) Technology Landscape for Digital Identification. Available at: http://bit.ly/2VMemW3 (accessed 8 March 2019).
Google Scholar

Access content

To read the fulltext, please use one of the options below to sign in or purchase access.
  • Access Options

    My Account

    Welcome
    You do not have access to this content.

    Chinese Institutions / 中国用户

    Click the button below for the full-text content

    请点击以下获取该全文

    Institutional Login

    Purchase Content

    24 hours online access to download content

    Added to Cart

    Cart is full

    There is currently no price available for this item in your region.

    Research off-campus without worrying about access issues. Find out about Lean Library here


Purchase

TTC-article-ppv for GBP29.00
TTC-article-ppv for $37.50