Fintech Frontiers in Quantum Computing, Fractals, and Blockchain Distributed Ledger: Paradigm Shifts and Open Innovation

Abstract

Among the hot research topics, Fintech is leading the trend in terms of the newest technology applications. The relatively new emerging paradigms in various sciences, such as geometry (fractals), physics (quantum), and database systems (distributed ledger—blockchain), seem to potentially contribute to a greater shift in the framework of the finance industry, bringing also some concerns (cyber-threats). Consistent and extensive investigation of the reasonable potential impact of these new models (and their underlying technologies) is performed, and then tested through a SWOT analysis, as the main objective of this research. Threats and opportunities are always intrinsically driven by the introduction of technological advancements (revolutions). This research confirms that information availability and the increasing interconnection of crosswise applications of each discovery to the different fields of science is determining the rapid succession of revolutions identified by evident large shifts in economic paradigms. The growing computing capacity and the development of increasingly powerful predictive software are leading to a competitive, extremely dynamic, and challenging system. In this context, as shown by history, there is a high possibility of market concentration in which, however, only a few corporations—digital giants—can afford to develop these technologies, consolidating their dominance.

FinTech in the Small Food Business and Its Relation with Open Innovation

“…The results of this study provide empirical evidence that the food industry, especially small food businesses, have benefited from FinTech adoption. FinTech helps the sustainability of the small food business, where FinTech itself is not only made by the large banking industry, but is an open innovation product from start-up companies that can become competitors for banks [76]. Therefore, from the perspective of open innovation, the food industry can currently be said to have adopted open innovation in its business.…”

Blockchain Smart Contract to Prevent Forgery of Degree Certificates: Artificial Intelligence Consensus Algorithm

“…Work verification uses a method that gives one participant the right to create blocks for the fastest computation of one-way hash algorithms. In order to speed up the operation of hash algorithms, however, more than a certain level of equipment is required, which consumes a lot of power [18][19][20][21].…”

Blockchain, Enterprise Resource Planning (ERP) and Accounting Information Systems (AIS): Research on e-Procurement and System Integration

“…A novel (and significant) contribution is provided by analysing the case of e-procurement regarding blockchain applications and integration with AIS and ERP to fill this gap in the literature. E-procurement identifies how private companies and public administrations purchase goods and services from suppliers through the Internet [33][34][35][36][37][38]. The term e-procurement means all systems that-thanks to a set of rules and procedures that include various types of software and information technology-allow the procurement of goods and services through the Internet.…”