Blockchain in Finance

Varma, Jayanth R.

doi:10.1177/0256090919839897

Cited by 74 publications

(35 citation statements)

References 6 publications

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“…First, the general application of blockchain and its impact on various industries has been examined by several researchers. Several analyses were conducted to explore the importance of blockchain for different industries and whether the blockchain technology can disrupt them (Sultan et al 2018;Varma 2019). In particular, the importance of the blockchain development for the financial industry received extensive attention and has identified that its application may transform traditional trading methods and practice in the financial industry (Ashta and Biot-Paquerot 2018;Chen et al 2017;Kim and Sarin 2018).…”

Section: Evolving Of Icos As Financing Instrumentmentioning

confidence: 99%

“…However, besides making supposedly better investment decisions, VCs support their portfolio companies by providing a broad range of value-adding services and hence facilitate their growth during the holding period (Jackson et al 2012;Tykvová 2018). This positive effect relies thereby majorly on the resource-based view, as VCs provide their portfolio firms resources they would otherwise lack (Baum and Silverman 2004;Fisch and Momtaz 2019;Rosenbusch et al 2013).…”

Section: Hypothesis Developmentmentioning

confidence: 99%

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Which investors’ characteristics are beneficial for initial coin offerings? Evidence from blockchain technology-based firms

Hackober

Bock

2021

J Bus Econ

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Initial coin offerings have recently become one of the most important funding resources for ventures in the blockchain area. However, often ventures do not rely solely on initial coin offerings as funding source but receive also investments from more established investors prior or during their initial coin offering. In particular, blockchain related ventures have drawn the attention of (corporate) venture capitalists but only less is known on the interplay of these different funding sources and their influence on initial coin offerings as well as on ventures’ further development. Based on the signaling theory as well as the resource-based-view our empirical study find that venture capital investors as well as corporate venture capital investors have a significantly positive effect on initial coin offerings. Further, we find that the reputation, the time of treatment as well as the specialization of investors have a positive influence on the initial coin offering. Finally, our results indicate that the positive effect of venture capital investors as well as the specialization of an investor continues to influence blockchain based ventures’ success in the mid-term.

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Section: Evolving Of Icos As Financing Instrumentmentioning

confidence: 99%

Section: Hypothesis Developmentmentioning

confidence: 99%

Which investors’ characteristics are beneficial for initial coin offerings? Evidence from blockchain technology-based firms

Hackober

Bock

2021

J Bus Econ

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“…There is also the byzantine fault tolerance addressing nodes that malfunction or are functioning in a malicious manner. This may occur because of cyber-attacks, terrorist groups or gangs looking to steal money or corrupting and destroying the data [173].…”

Section: Benefits Of a Switch To Dlt Trade Financementioning

confidence: 99%

“…DLT does not need jurisdiction, yet laws must recognize DLT as a transaction, causing an ownership change. In that sense, legal frameworks must develop for the regulation of DLTs to provide assurances to all the stakeholders involved in the transaction where several countries have developed such frameworks [38,173]. States can intervene to regulate the actors and the activities carried out in their territories [117].…”

Section: B Legal Challengesmentioning

confidence: 99%

Governance in the era of Blockchain technology in Qatar: a roadmap and a manual for Trade Finance

Ibrahim

Truby

2021

J Bank Regul

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Nations worldwide have sought to capitalize on the benefits of distributed ledger technology (DLT) including Blockchain, but struggled to strike a balance between encouraging investment and innovation in the technology while addressing the challenges and uncertainties through regulation. Through its FinTech (Financial Technology) Strategy, Qatar has sought to embrace DLT, but its regulatory approach also remains cautious. Trade Finance is an ideal business process to be disrupted through the benefits of DLT and especially Blockchain technology, since its processes remain antiquated, inefficient and lack digitization. Blockchain as a form of DLT particularly offers the Trade Finance process not only more rapid, secure, cost-effective and efficient procedures, but importantly completely assures trust between importers and exporters and removes the requirement to place such trust in third-party intermediaries. Qatar can reap considerable economic benefits through the enhancement of its Trade Finance regulations enabling the adoption of such Blockchain technology. As such, the authors propose a roadmap and manual for the governance of the Trade Finance Blockchain ecosystem in Qatar. The authors propose multi-layered governance approach to the regulation of Blockchain in Qatar by (1) embracing international regulations and standards; (2) replicating foreign regional and national rules that are appropriate and innovative; and (3) applying sandbox regulations to Blockchain products and services.

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“…Smart contracts are used for cost-efficient microtransactions that are automatically triggered by specific events, i.e., when the repayment of the coupon is due [85,87,88]. Through this, even small amounts of coupon sizes can be disseminated to a global investor base at a significantly lower cost compared to fiat alternatives [45,117]. In this way, blockchain technology creates an entirely new distributed economic model by connecting a global investor base with the ESCO project developer.…”

Section: Is There a Potential For Removing Intermediaries?mentioning

confidence: 99%

How Can Blockchain Technology Accelerate Energy Efficiency Interventions? A Use Case Comparison

et al. 2020

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This paper qualitatively evaluates the application of blockchain technology for three energy efficiency use cases. To achieve the Sustainable Development Agenda, energy efficiency improvements have to double by 2030. However, the adoption of energy efficiency interventions is slow due to several market barriers. Blockchain technology is a nascent technology with the potential to address these barriers or even fundamentally change energy system designs, by enabling transparent, decentralised, and tamper-resilient systems. Nevertheless, a blockchain application comes with trade-offs and needs to be considered on a case by case basis. In this paper, we examine the benefits and constraints of a blockchain application for three different approaches to achieving energy efficiency: (i) peer-to-peer (P2P) energy trading; (ii) White Certificate Scheme (WCS); and (iii) Energy Service Companies (ESCOs). For each of these cases, we apply a decision framework to assess blockchain feasibility and outline a potential blockchain-based design. The analysis shows that blockchain functions are case dependent and that an application creates different governance and system designs due to varying case characteristics. We discuss how the identified blockchain adoption barriers can be overcome and stress the need for policy action to advance the development of pilot studies. By decentralising system governance, blockchain enables innovative designs that can accelerate the implementation of energy efficiency interventions.

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Blockchain in Finance

Cited by 74 publications

References 6 publications

Which investors’ characteristics are beneficial for initial coin offerings? Evidence from blockchain technology-based firms

Which investors’ characteristics are beneficial for initial coin offerings? Evidence from blockchain technology-based firms

Governance in the era of Blockchain technology in Qatar: a roadmap and a manual for Trade Finance

How Can Blockchain Technology Accelerate Energy Efficiency Interventions? A Use Case Comparison

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