Blockchain’s weakest links

Billions of dollars are riding on a technology that could revolutionize how business is done—if glitches don’t break it.
One key platform feature helps some projects win crowdfunding
How ‘information cascades’ encourage good crowdfunded ventures and weed out bad ones.
How delaying IPOs has a big and lasting effect
Delaying initial public offerings when companies are ready to go public can cause significant financial losses, and the effects can last for years.
Insider information can mislead start-up investors
Research suggests that what you know is at least as important as who you know.