Blockchain - A Financial Technology for Future Sustainable Development

Author(s):  
Quoc Khanh Nguyen
2019 ◽  
Vol 11 (22) ◽  
pp. 6434 ◽  
Author(s):  
Deng ◽  
Huang ◽  
Cheng

In the current international context, the ways in which financial technology (FinTech) affects sustainable development need to be urgently identified. However, relevant studies are rare and there is no consensus on the optimal indicator system for sustainable development. Therefore, this study proposes an indicator system to evaluate sustainability and conducts in-depth analysis of the relationship between FinTech and sustainable development based on data of peer-to-peer platforms (P2P) in 31 Chinese provinces. The empirical results show the existence of a U-shaped relationship between FinTech and sustainable development, mainly determined by the pattern of extensive economic growth. Furthermore, heterogeneity analysis indicates that there are significant regional differences in its impact on sustainable development, being significant in China’s eastern and central regions and insignificant in the western region; moreover, the impact on the central region is significantly higher than that on the eastern region. Our research not only has strong practical significance but also contributes significantly to the literature on FinTech and sustainable development.


2020 ◽  
Vol 208 ◽  
pp. 06009
Author(s):  
Elena Prokofeva ◽  
Marina Chudinovskikh ◽  
Yulia Kuvaeva ◽  
Olesya Kononenko ◽  
Nadezhda Boronenkova

The conditions, promoting active development of crowdfunding market through which the so-called “alternative financing” is implemented, have been created in the global economy in the last few years. The article discusses the transformation experience of crowdfunding model types during the period from 2014, describes the existing regimes of legal regulation of crowdfunding in worldwide practice. Special attention is given to the description of Russian legal initiative aimed at the implementation of crowd-technologies in the investment activities. The authors identified three approaches to the crowdfunding regulation: prohibited, self-regulated and regulated. The Russian approach was changed from self-regulated to regulated with the entry into force of new laws from January 1, 2020. In Republic of Belarus crowdfunding is still self-regulated. Crowdfunding is considered by the authors as a promising financial technology that contributes to sustainable development and economic growth.


2021 ◽  
Vol 13 (9) ◽  
pp. 5225
Author(s):  
Isaac Appiah-Otoo ◽  
Na Song

Ending poverty in all its forms by 2030 remains the first agenda of Sustainable Development Goals set by the United Nations in 2015. Motivated by this agenda, this study examined the direct and indirect effect of financial technology (fintech) and its sub-measures of third-party payment and credit on poverty measured by household per capita consumption. We used a panel of 31 provinces in China from 2011 to 2017. The results indicated that fintech and these sub-measures reduce poverty in China. The results further showed that fintech complements economic growth and financial development to reduce poverty in China.


2018 ◽  
Vol 3 (2) ◽  
pp. 68 ◽  
Author(s):  
Albekov A. ◽  
Lakhno Y.

New financial technologies enable to meet the needs of customers faster and cheaper in comparison with the traditional ones. New financial technologies have disadvantages along with the advantages, their consequences are still difficult to predict. The authors propose a mechanism of cooperation of the BRICS countries in the field of financial technology as a way of a joint development of measures which will facilitate full realization of all opportunities of using financial technology to ensure sustainable development of the BRICS countries, and at the same time preventing potential threats, as well as coping with potential negative consequences which arise from the use of new financial technologies. This mechanism may be used to implement the strategy of economic partnership of the BRICS countries.Keywords: Financial technologies, controller, the BRICS, sustainable development


Author(s):  
Peter Orebech ◽  
Fred Bosselman ◽  
Jes Bjarup ◽  
David Callies ◽  
Martin Chanock ◽  
...  

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