scholarly journals Tokenization of assets and products

2020 ◽  
Vol 7 (2) ◽  
Author(s):  
Oleg Rudzeyt ◽  
Anton Nedyak ◽  
Artem Zainetdinov
Keyword(s):  
Raw Materials ◽  
Precious Metals ◽  
The United States ◽  
Financial Instruments ◽  
Secondary Markets ◽  
Blockchain Technology ◽  
Manufactured Products ◽  
Bank Checks ◽  
Physical Assets ◽  
Physical Asset

This article is about tokenization of assets and products based on blockchain technology. Tokenization continues the idea of securities, but only in the field of digital technologies. Various financial instruments have long been used that eliminate the risks of turnover of valuable physical assets, such as precious metals, by replacing them with less valuable equivalents. This is, for example, the use of banknotes and coins made of non-precious metals, Bank checks, and so on. Tokenization allows you to convert rights to a valuable physical asset into a digital token. The objects of tokenization can be real estate, various securities, manufactured products or raw materials, and so on. Such a token can be put into circulation on primary and secondary markets, as well as, often, «cashed» – that is, it can be exchanged from the manufacturer for the corresponding products. An important feature of tokenization is the ability to divide the value of indivisible assets, such as art and collectibles. This allows you to attract investors with small capital and makes it easier to benefit from initially expensive and low-liquid assets. However, this technology has a number of problems. The main problem with tokenization is that there is still no clear regulation of these digital assets in all countries of the world. In the United States, for example, tokens are often equated with securities. In Germany, it is considered that each case of tokenization should be considered separately, but tokens that grant rights similar to those granted by traditional shares are classified as financial instruments and are subject to appropriate regulation. In the future, after the problems are resolved, tokenization can replace the traditional way of representing the value of physical assets – securities, and also become a convenient financial tool for trading products and assets.

scholarly journals TO THE QUESTION ON ECONOMIC AND LEGAL SECURITY OF THE USE OF BINARY OPTIONS AS FINANCIAL INSTRUMENTS

2020 ◽  
Vol 33 (20) ◽  
pp. 58-63
Author(s):  
L. D. Rudenko ◽  
A.Yu. Bavikin ◽  
O.P. Sokolenko
Keyword(s):  
Raw Materials ◽  
Precious Metals ◽  
Legal Regulation ◽  
Federal Republic Of Germany ◽  
Financial Instruments ◽  
Options Market ◽  
Financial Instrument ◽  
Online Platforms ◽  
Binary Options ◽  
Legal Security

The article investigates the current state of economic and legal support for the use of binary options as financial instruments. On the basis of the conducted research, the concept of binary option as derivative security and the financial instrument is specified, the main types of binary options are distinguished. Also, the article investigates features of the functioning of the binary options market through online trading platforms. The legal nature of the binary option as a derivative of security and a financial instrument (item 5 of Part 5 of Article 3 of the Law of Ukraine “On Securities and the Stock Market”) is specified. There is no comprehensive list of such securities in the legislation. That is, based on the features of the binary option (timeliness; purchase or sale of any of the financial instruments, including those that provide cash payment; no actual purchase of securities, currency or precious metals, raw materials; availability of a certain fixed condition at the time conclusion of the transaction; short-term and speculative nature of the financial transaction; trading on online platforms). The concept of a binary option has been clarified, namely: this is the type of options contract (contract) under which the payment will depend entirely on the result of the offer, yes or no, usually related to whether the price of a particular asset such as a stock or commodity will rise above or will decrease below the amount indicated. Unlike traditional options, when such an agreement is concluded, no actual purchase of a security, precious metal, raw materials is made, but a bid is made to increase or decrease the price of the asset for a certain time. Based on an analysis of EU law, including the MIFID, it is determined that binary options refer to derivative financial instruments. The peculiarities of economic and legal regulation of the binary options market are investigated by the European Securities Market Supervision Authority (ESMA). There is a lack of proper regulation and control over the binary options market by the state in Ukraine, which in turn led to an outflow of tens of millions of dollars from the Ukrainian economy and causing significant financial losses to traders. The article argues the feasibility of adopting a special law on the market for binary options based on the experience of the Federal Republic of Germany to protect Ukrainian traders. Keywords: binary option, financial instrument, trader, trading online platforms, ESMA, MIFID.

scholarly journals THE IMPACT OF DIGITALIZATION ON THE DEVELOPMENT OF FINANCIAL INSTRUMENTS IN THE RUSSIAN STOCK MARKET: LEGAL ASPECTS

2020 ◽  
pp. 83-89
Author(s):  
D. V. Lubyagina
Keyword(s):  
Stock Market ◽  
Financial Market ◽  
The United States ◽  
Legal Regulation ◽  
Legal Aspects ◽  
Securities Market ◽  
Financial Instruments ◽  
Blockchain Technology ◽  
Russian Stock Market ◽  
The Impact

The article is devoted to the topical issue of the introduction of digital financial instruments and the use of blockchain technology in the securities market, which is supposed to make the stock market more transparent and reduce the risks of participants. The main legislative trends in the development of digitalization in the financial market are considered. Attention is drawn to the characteristics of certain relatively recently introduced new financial market instruments, the features of legal regulation of their circulation and the problems that arise when using them in practice (for example, the United States as a pioneer in these issues). In connection with a whole package of legal acts aimed at regulating relations in the financial market in the conditions of digitalization, the issue of further prospects for the development of the securities Institute is considered, and the problem of justifying the division of securities into documentary and non-documentary as financial instruments with different legal regimes is raised.

Australia—The Hidden Jewel

2018 ◽  
Author(s):  
Mahesh K. Joshi ◽  
J.R. Klein
Keyword(s):  
Natural Resources ◽  
Value Chain ◽  
Global Economy ◽  
Good Governance ◽  
Developing Economies ◽  
Raw Materials ◽  
Manufacturing Sector ◽  
Developed Countries ◽  
The United States ◽  
Dutch Disease

The twenty-first century is being touted as the Asian century. With its stable economy, good governance, education system, and above all the abundant natural resources, will Australia to take its place in the global economy by becoming more entrepreneurial and accelerating its rate of growth, or will it get infected with the so-called Dutch disease? It has been successful in managing trade ties with fast-developing economies like China and India as well as developed countries like the United States. It has participated in the growth of China by providing iron ore and coal. Because it is a low-risk country, it has enabled inflow of large foreign capital investments. A lot will depend on its capability and willingness to invest the capital available in entrepreneurial ventures, its ability to capture the full value chain of natural resources, and to export the finished products instead of raw materials, while building a robust manufacturing sector.

scholarly journals Comparative Study of the Properties of Wood Flour and Wood Pellets Manufactured from Secondary Processing Mill Residues

Polymers ◽  
2021 ◽  
Vol 13 (15) ◽  
pp. 2487
Author(s):  
Geeta Pokhrel ◽  
Yousoo Han ◽  
Douglas J. Gardner
Keyword(s):  
Moisture Content ◽  
Bulk Density ◽  
Raw Materials ◽  
Wood Flour ◽  
The United States ◽  
Red Maple ◽  
Wood Pellets ◽  
Secondary Processing ◽  
Material Costs ◽  
Mill Residues

The generation of secondary processing mill residues from wood processing facilities is extensive in the United States. Wood flour can be manufactured utilizing these residues and an important application of wood flour is as a filler in the wood–plastic composites (WPCs). Scientific research on wood flour production from mill residues is limited. One of the greatest costs involved in the supply chain of WPCs manufacturing is the transportation cost. Wood flour, constrained by low bulk densities, is commonly transported by truck trailers without attaining allowable weight limits. Because of this, shipping costs often exceed the material costs, consequently increasing raw material costs for WPC manufacturers and the price of finished products. A bulk density study of wood flour (190–220 kg/m3) and wood pellets (700–750 kg/m3) shows that a tractor-trailer can carry more than three times the weight of pellets compared to flour. Thus, this study focuses on exploring the utilization of mill residues from four wood species in Maine to produce raw materials for manufacturing WPCs. Two types of raw materials for the manufacture of WPCs, i.e., wood flour and wood pellets, were produced and a study of their properties was performed. At the species level, red maple 40-mesh wood flour had the highest bulk density and lowest moisture content. Spruce-fir wood flour particles were the finest (dgw of 0.18 mm). For all species, the 18–40 wood flour mesh size possessed the highest aspect ratio. Similarly, on average, wood pellets manufactured from 40-mesh particles had a lower moisture content, higher bulk density, and better durability than the pellets from unsieved wood flour. Red maple pellets had the lowest moisture content (0.12%) and the highest bulk density (738 kg/m3). The results concluded that the processing of residues into wood flour and then into pellets reduced the moisture content by 76.8% and increased the bulk density by 747%. These material property parameters are an important attempt to provide information that can facilitate the more cost-efficient transport of wood residue feedstocks over longer distances.

Development of Mixture "Clay – Electro-Smelting Slag" for Ceramic Brick

2014 ◽  
Vol 682 ◽  
pp. 480-484 ◽  
Author(s):  
V.F. Torosyan ◽  
E.S. Torosyan
Keyword(s):  
Building Materials ◽  
Raw Materials ◽  
Ceramic Brick ◽  
Ceramic Samples ◽  
Manufactured Products ◽  
Smelting Slag ◽  
Compression Resistance ◽  
Mixing Water ◽  
Melting Slag

Industrial transition to a totally new level of resources and energy saving necessitates improving the technical level of building materials manufacturing, growing their raw materials base, the assortment, enhancing the quality of manufactured products, cutting their cost price. It requires, first of all, carrying out more detailed research in properties of clay and clay loams, and selecting optimal additives for pottery works. Such disadvantages of clays as burning sensitivity, low compression resistance and flexural strength in a burnt state, low frost resistance cause the impossibility of their application without corrective additives. It is quite difficult to find an additive which can solve all the technological problems mentioned above. This paper provides the development of mixture "clay – electro-melting slag" for ceramic brick, moreover, addition of a steel-smelting slag in the fusion mixture results in the change in mixing water content of ceramic masses, strength and coloration of ceramic samples.

Chinese Breakthrough into Latin America

2012 ◽  
pp. 84-91
Author(s):  
E. Dabagyan
Keyword(s):  
Latin America ◽  
Latin American ◽  
Raw Materials ◽  
The United States ◽  
Chinese Economy ◽  
Agricultural Products ◽  
Economic Factors ◽  
American Continent ◽  
External Relations ◽  
Multilateral Agreements

The article deals with a number of problems associated with the growing presence of China in the Latin American continent. The author emphasizes that mutual interest is based on economic factors. In particular, the rapidly developing Chinese economy needs more raw materials and agricultural products, which are available in abundance in Latin America. At the same time, the countries of the continent are interested in freeing from orientation solely to the United States and in a diversification of external relations. The present bilateral and multilateral agreements and treaties between China and Latin America showed a strengthening of trade and economic cooperation. But Beijing's strategy is based on a model of exchange of raw materials to finished products. This causes some resentment on the part of Latin American experts and entrepreneurs.

Status of the Development and Application of Oil Sand

2012 ◽  
Vol 562-564 ◽  
pp. 367-370
Author(s):  
Jia He Chen
Keyword(s):  
Oil Sands ◽  
Former Soviet Union ◽  
Global Economy ◽  
Raw Materials ◽  
Rapid Development ◽  
The United States ◽  
Oil Sand ◽  
Unconventional Oil ◽  
Oil Resources ◽  
Conventional Oil

Oil and natural gas are important energy and chemical raw materials, its resources are gradually reduced. With the rapid development of the global economy, the conventional oil resources can’t meet the rapid growth of oil demand, people began turning to unconventional oil resources, one of which is the oil sands. Oil sands is unconventional oil resources, if its proven reserves are converted into oil, it will be much larger than the world's proven oil reserves. Canadian oil sands reserves stand ahead in the world, followed by the former Soviet Union, Venezuela, the United States and China. However, due to its special properties, different mining and processing technology, and higher mining costs compared with conventional oil, the research of oil sands makes slow progress. At present, due to the rising of world oil price, oil sands mining technology have attracted more and more attention, and have developed a lot.

Physicochemical approaches to gold and silver work, an overview: Searching for technologies, tracing routes, attempting to preserve

2018 ◽  
Vol 4 (2) ◽  
Author(s):  
Maria F. Guerra
Keyword(s):  
Atmospheric Corrosion ◽  
Raw Materials ◽  
Precious Metals ◽  
Gold Alloys ◽  
Exchange Networks ◽  
Trade Routes ◽  
Physicochemical Methods ◽  
Corrosion Mechanisms ◽  
Challenging Question

Abstract Gold alloys and silver alloys have always been widely employed in the production of significant objects. With high reflectivity, precious metals are perceived as both materials and colours, and can be skilfully combined to produce metallic polychrome effects. Because their structure and composition contain information on their manufacture, use, disclaim and degradation, items in gold and in silver enclose major information on the technologies employed by past societies and on exchange networks. This information can be acquired using appropriate analytical protocols, established according to the nature of the query and the characteristics of the objects. By using physicochemical techniques, it is possible to identify the technologies, materials and tools used by the artisan and, in particular cases, to situate the sources of raw materials and the workshops producing the objects, as well as to follow the trade routes. The aim of this work is to outline major achievements in the study of goldwork and silverwork based on the different physicochemical methods that are available, and to refer the analytical difficulties that have to be faced when studying objects made from precious metals. Based on several examples, three topics are addressed. The first concerns the major role of the techniques of exam when describing shaping, decorating, assembling and finishing; the second considers the search for metallic polychrome effects in some cultural areas; and the third discusses the challenging question of fingerprinting. A fourth section is dedicated to a short reflection on the difficulties related to the identification of the atmospheric corrosion mechanisms of precious metals.

scholarly journals Emulsion Liquid Membrane Extraction of Silver from Photographic Waste using Tetramethylthiuram Disulfide (TMTDS) as a Mobile Carrier

2017 ◽  
Vol 3 (1) ◽  
Author(s):  
Norasikin Othman ◽  
Chan Kit Hie ◽  
Chiong Tung ◽  
Hanapi Mat ◽  
Masahiro Goto
Keyword(s):  
Heavy Metals ◽  
Liquid Membrane ◽  
Raw Materials ◽  
Precious Metals ◽  
Membrane Extraction ◽  
Industrial Wastes ◽  
Emulsion Liquid Membrane ◽  
Tetramethylthiuram Disulfide ◽  
Mobile Carrier ◽  
Liquid Membrane Extraction

The recovery of precious metals such as silver from photographic wastes is required in order to save raw materials and to protect the environment from dispersed compound, especially heavy metals. For that matter, several technologies have been used such as precipitation, electrolytic, and ion exchange processes which offer some advantages as well as drawbacks over others. Recently, emulsion liquid membrane extraction has been recognized to be a potential process for industrial wastes treatment and recovery of heavy metals. This process has the ability to selectively separate and rapidly concentrate metals through its very thin layer liquid membrane which has a large interfacial area. An attempt was made to recover silver from liquid photographic wastes using tetramethylthiuram disulfide as a mobile carrier. The important variables affecting the emulsion liquid membrane (ELM) process including residence time, surfactant concentration, carrier concentration, level of agitation and phase ratio between emulsion and feed phase were investigated. The results showed that tetramethylthiuram disulfide is selective towards silver (>80%) compared to other metals in the photographic waste. The highest silver extraction is obtained using 0.05 M tetramethylthiuram disulfide, 3% (w/v) Span 80, 300 rpm stirring speed, 1.0 M thiourea in 0.1 M HCl stripping agent, 1:3 of treat ratio, and toluene as the diluent.

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