Applications of Blockchain in the Financial Sector and a Peer-to-Peer Global Barter Web

2018 ◽  
pp. 99-120 ◽  
Author(s):  
Kazuki Ikeda ◽  
Md-Nafiz Hamid
Keyword(s):  
Financial Sector ◽  
Peer To Peer

scholarly journals Bitcoin and Ethics in a Technological Society

2021 ◽  
Author(s):  
Eva R. Porras ◽  
Bryan Daugherty
Keyword(s):  
Artificial Intelligence ◽  
Collaborative Work ◽  
Financial Sector ◽  
Shared Vision ◽  
Peer To Peer ◽  
Technological Revolution ◽  
Technological Society ◽  
Online Transactions ◽  
History Of ◽  
The Many

Bitcoin came into existence as a peer-to-peer payment system for use on online transactions. This achievement was the result of a shared vision about the future relationship between governments’ control and citizenry, and the collaborative work of the many who contributed to the development of the cryptographic field. This innovation and its underlying technology, the blockchain, have been at the root of a change of paradigm, as the joint use of blockchain and artificial intelligence (AI) seed the next technological revolution. However, as it is often the case, these revolutionary inventions have also been met with skepticism in the financial sector and society at large. Using the case of Bitcoin and the blockchain, this paper analyzes the intersection between the philosophy and technology underlying these innovations, and the outlook of a sector of society who fears these developments while others try to profit. In this chapter, we first look at the history of Bitcoin together with that of those behind it. We then review the mixed reception it obtained after coming to the market. We assess the innovations’ properties and confront these with the needs of a society eager to obtain further clarity and enjoy more transparency in matters of relevance to their participation in democratic processes.

scholarly journals Bitcoin sebagai Alat Pembayaran Online dalam Perdagangan Internasional

2016 ◽  
pp. 122-138
Author(s):  
Dwikky Ananda Rinaldi ◽  
Mokhamad Khoirul Huda
Keyword(s):  
Open Source ◽  
Financial Institutions ◽  
National Economy ◽  
Financial Sector ◽  
Peer To Peer ◽  
Raw Material ◽  
Peer Network ◽  
Economic Need ◽  
Electronic Coin ◽  
Peer To Peer Network

The growth of national economy encourages a significant change in the financial sector, especially a means of payment. Starting from the barter, the means then changes to be the goods or commodities, and finally the metal and paper as a raw material of money. The form of money as a means of payment continuously changes namely in the form of checks and transfer form that allow payment through transferring funds from the account balances among financial institutions, especially the banks. The economic need continuously grows so that it shifts the ways of trade transactions from conventional to internet based one that is known as e-commerce. One of the International online payment means required in an e-commerce transaction is Bitcoin. Bitcoin is an electronic coin that uses a system of peer-to-peer network that is open source. Bitcoin is not a virtual coin and not the legal means of payment in Indonesia. The legal means in Indonesia is the rupiah. It has been described in Article 1 section (2) of Act No. 7 of 2011 on Currencies that the the coin used for payment transactions in Indonesia is the rupiah.

P2P loans could change global lending practices

2016 ◽  
Keyword(s):  
Systemic Risk ◽  
Small Businesses ◽  
Financial System ◽  
Financial Sector ◽  
Peer To Peer ◽  
Consumer Finance ◽  
Interbank Market ◽  
Content Type ◽  
P2p Lending ◽  
Financial Technology

Subject Outlook for P2P lending. Significance Financial technology ('fintech') threatens to transform some traditional financial sector activities. In particular, online intermediation between lenders and borrowers could disrupt the established banking and consumer finance industries. Peer-to-peer (P2P) lending may advance quickly. Impacts The entry of one of the tech giants into the market might accelerate the development of P2P lending. Large banks may acquire or develop P2P platforms and reduce exposure to traditional lending aimed at consumers and small businesses. As P2P lending is much less interconnected with the financial system than traditional banking, it will pose less systemic risk. However, if P2P platforms expand to take deposits or borrow or lend in the interbank market, they could increase systemic risk.

Drivers of Innovation in Finance: How Important is Materialism for Crowdfunding Investors?

2021 ◽  
Author(s):  
Gustavo Morales-Alonso ◽  
Yilsy Núñez ◽  
J. Manuel Fernández-Angulo ◽  
Antonio Hidalgo
Keyword(s):  
Empirical Data ◽  
Financial Sector ◽  
Peer To Peer ◽  
Motivational Factors ◽  
Extrinsic Motivators ◽  
Peer Lending ◽  
Intrinsic Motivators ◽  
Start Ups

Innovation permeates the financial sector by means of collaborative finance. Crowdfunding, as an activity based on peer-to-peer lending through a platform, is an innovative way to finance start-ups. A better understanding is needed of the motivational factors of backers to participate in crowdfunding campaigns. This study used the empirical data to investigate this issue, paying attention to the participation in four platform types (reward-based, lending-based, equity-based, and donation-based crowdfunding). Results indicate that the extrinsic and intrinsic motivators are constructs that drive actual behaviors. Extrinsic motivators are the prevalent driver of participants in crowdfunding, regardless of which platform type is used.

scholarly journals FinTech: Ecosystem, Opportunities and Challenges in Saudi Arabia

2021 ◽  
Vol 14 (10) ◽  
pp. 460
Author(s):  
Mansour Saleh Albarrak ◽  
Sara Ali Alokley
Keyword(s):  
Saudi Arabia ◽  
United Arab Emirates ◽  
New Products ◽  
Financial Sector ◽  
Peer To Peer ◽  
Online Banking ◽  
Cautious Approach ◽  
The Future ◽  
The Government ◽  
International Phenomenon

FinTech is a disruptive international phenomenon that is expected to shape the future of the financial sector. This study describes the features and characteristics of the current Saudi Arabian FinTech landscape and ecosystem. Examples of innovative financial startups in Saudi Arabia, including online banking, transfer and payment services, crowdfunding platforms, peer-to-peer lending, and blockchain initiatives, are discussed. Several changes have occurred within the ecosystem in the last five years; for example, Saudi banks are taking a more cautious approach. However, FinTech initiatives are also being internally developed, encouraging technology companies and startups to focus their efforts on innovations aimed at improving current processes rather than novelty. The government directs its effort mainly toward initiatives related to regulations and laws. Customers are interested in new products that are convenient and easy to use. We compare the Saudi FinTech ecosystem to the United Arab Emirates’ FinTech ecosystem and conclude with recommendations for the different stakeholders.

scholarly journals A Critical Analysis of South African Anti-Money Laundering Legislation with regard to Cryptocurrency

Obiter ◽  
2020 ◽  
Vol 41 (2) ◽  
pp. 309-327
Author(s):  
Deon Erasmus ◽  
Susan Bowden
Keyword(s):  
South Africa ◽  
South African ◽  
Money Laundering ◽  
Critical Analysis ◽  
Financial Sector ◽  
Peer To Peer ◽  
Electronic Payments ◽  
Blockchain Technology ◽  
Combat Money Laundering ◽  
Regulatory Intervention

Cryptocurrencies are decentralised virtual currencies, using blockchain technology to process peer-to-peer electronic payments. In 2009, the first successful cryptocurrency, Bitcoin, was established. This article discusses concepts of cryptocurrency, its relevance in the financial sector, its associated risks and establishes whether regulatory interference is necessary in order to combat money laundering using cryptocurrency. Currently, cryptocurrencies remain unregulated in South Africa. The article concludes that regulatory intervention is necessary and that cryptocurrencies should be integrated into relevant existing legislation.

Experten aus Erfahrung

PADUA ◽  
2016 ◽  
Vol 11 (1) ◽  
pp. 65-71 ◽  
Author(s):  
Jörg Haslbeck
Keyword(s):  
Soziale Unterstützung ◽  
Peer To Peer

Zusammenfassung. In der Gesundheitsversorgung von Menschen, die mit chronischen Krankheiten leben, wird soziale Unterstützung durch «peers» immer bedeutsamer, d. h. durch Personen, die aufgrund ähnlicher Krankheits- und Alltagserfahrungen in einer vergleichbaren Lebenssituation sind. Welche Potenziale, Chancen sowie Grenzen hat «peer-to-peer healthcare» im Kontext von Selbstmanagementförderung? Der Beitrag diskutiert dies anhand von Erfahrungen mit dem Stanford Kursprogramm «Gesund und aktiv leben».

Sozial-räumliche Dynamiken der Agrartreibstoffe.

2016 ◽  
Vol 46 (184) ◽  
pp. 423-440 ◽  
Author(s):  
Kristina Dietz ◽  
Bettina Engels ◽  
Oliver Pye
Keyword(s):  
Political Economy ◽  
Capital Flows ◽  
Spatial Dynamics ◽  
Financial Sector ◽  
Comprehensive Analysis ◽  
Spatial Theory ◽  
Global Political Economy

This article explores the spatial dynamics of agrofuels. Building on categories from the field of critical spatial theory, it shows how these categories enable a comprehensive analysis of the spatial dynamics of agrofuels that links the macro-structures of the global political economy to concrete, place-based struggles. Four core socio-spatial dynamics of agrofuel politics are highlighted and applied to empirical findings: territorialization, the financial sector as a new scale of regulation, place-based struggles and transnational spaces of resources and capital flows.

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