Mapping of perceived dimensions in the bitcoin ecosystem in Brazil

Abstract

Map the dimensions perceived in the bitcoin ecosystem in Brazil. We identified bitcoin dimensions according to the systematic review of the literature from bibliometric analysis. The data collection instrument involved two interview scripts with a qualitative approach and open responses with the participation of 20 interviewees. Collected data was analyzed through content analysis using dimensions and subdimensions of the Bitcoin ecosystem. We identified the dimensions and subdimensions of Brazilian bitcoin network. The dimensions perceived by the actors were Entrepreneurship, Technology, Regulation, and Social. A total of 15 subdimensions were defined. We conducted a cluster analysis of the subdimensions and the interviewees. Results indicated that for our sample all the dimensions had a similar importance. We did not find any significant difference also among the subdimensions because they are all related to each other. We also didn't find significant difference among interviewees. Mapping of the main dimensions and subdimensions of bitcoin network was presented. The study identified that bitcoin as a technology can be effective for many types of organizations such as financial institutions that are losing market share to startups and FinTechs.