scholarly journals Smart approaches in the digital financial ecosystem: fintech in the context of the use of digital platforms and smart control

E-Management ◽  
2021 ◽  
Vol 4 (2) ◽  
pp. 44-50
Author(s):  
L. O. Gontar
Keyword(s):  
Financial Control ◽  
Digital Platforms ◽  
Digital Platform ◽  
Antitrust Case ◽  
Legal Risks ◽  
System Operator ◽  
Smart Control ◽  
Digital Money ◽  
Management Approaches ◽  
The International Monetary Fund

International organizations in their reviews repeatedly state the possibility of using digital platform technologies for the development of the financial ecosystem (technology-centric and banking platforms). The article considers new platform and management approaches to FinTech projects. The paper analyses the reviews of the International Monetary Fund and the World Bank in the development of FinTech and SupTech (smart digital financial control/supervision) directions. The author studies the financial and legal risks associated with the implementation of platform solutions.The paper carries out a brief analysis of the concept of digital money as one of the solutions of FinTech projects. The study considers various types of SupTech: the implementation of neuro-linguistic programming, monitoring of the Internet including social networks, information technology solutions for the formation of operational reporting of supervised organizations. The author considers the case of monopolies of the digital platform of a separate Internet company (antitrust case).Smart control in the digital-financial ecosystem can become a solution to the risk factors associated with the processes of digitalization of the financial sphere. It implies the creation of a digital platform that provides synchronization with the databases of state authorities, creates conditions for the user to communicate with the system operator in real time, a base for cooperation with the digital platforms of other Internet companies.

scholarly journals Digital Platform Ecosystems as Living Labs for Sustainable Entrepreneurship and Innovation: A Conceptual Model Proposal

2021 ◽  
Vol 13 (11) ◽  
pp. 6494
Author(s):  
Grzegorz Baran ◽  
Aleksandra Berkowicz
Keyword(s):  
Conceptual Model ◽  
Real Life ◽  
The Body ◽  
Innovation Development ◽  
Sustainable Entrepreneurship ◽  
Digital Platforms ◽  
Digital Platform ◽  
Living Labs ◽  
Platform Ecosystems ◽  
The Relationship

The main idea of the paper is to combine modern research methods (as living labs that enable research in a real-life setting) with the new technological opportunities for entrepreneurship and innovation development (as digital platforms) to search for innovative solutions, while addressing the sustainable development problems. Thus, the paper aims to explain how real value for society is created within digital platform ecosystems and how they employ to this end novel solutions that better address existing social problems. Consequently, it proposes a conceptual framework to research and develop sustainable entrepreneurship and innovation with the use of digital platforms. This research study takes a synthesizing conceptual approach that seeks to integrate the existing knowledge drawn on two major streams of research: living labs as a methodology and digital platform ecosystems to enrich the theory of sustainable entrepreneurship and innovation development. The paper contributes to the body of knowledge by proposing a novel conceptual model of digital platform ecosystems as living labs for sustainable entrepreneurship and innovation. The model depicts digital platform ecosystems examined as living labs and the implicit processes that include platform users in problem-solving and value-creation in real-life settings. The novelty of the model stems from framing these processes that capture the relationship between individuals and opportunities as the foundations of entrepreneurship and the relationship between the problem space and the solution space, where the opportunities occur.

Uberization in Paris – the issue of trust between a digital platform and digital workers

2019 ◽  
Vol 15 (1) ◽  
pp. 20-41 ◽  
Author(s):  
Robert Wentrup ◽  
H. Richard Nakamura ◽  
Patrik Ström
Keyword(s):  
International Business ◽  
Market Entry ◽  
Business Performance ◽  
Qualitative Methodology ◽  
Foreign Market ◽  
General Assumption ◽  
Foreign Market Entry ◽  
Content Type ◽  
Digital Platforms ◽  
Digital Platform

Purpose Using the lens of Uber’s digital workers in Paris, the purpose of this paper is to investigate how the trust-building mechanism is constructed between a digital platform and its digital workers in a foreign market entry. Design/methodology/approach This is a case study based on empirical data from in-depth interviews with 35 Uber drivers. A cross-disciplinary literature framework from mainly international business and internet geography theory and a reflexive qualitative methodology are applied. Findings Results show that the relationship between the digital platform and the digital workers is characterized by mistrust and suffers from decreasing commitment levels soon after market entry. Uber mitigates its mistrust via control and scarce mechanisms. The digital drivers’ “illusionary freedom”, a state in which they feel they can log on and log off at any time, enables the digital platform to gradually lower its commitment. The authors find that the mistrust does not seem to hamper the digital platform’s business performance. Research limitations/implications The paper mainly covers the digital workers’ perspective and the case of Uber’s market entry in Paris. Social implications This paper implies that digitally conveyed control seems to come at the cost of lowered human trust. Given the pace at which digital control systems are permeating society, this could eventually lower the whole societal trust level. Originality/value The authors criticize incumbent international business theory for not being sufficiently able to explain a contemporary digital business logic and the authors challenge the general assumption that successful internationalization is built through trust. The authors contribute with the conceptualization of a new technical market entry mode for digital platforms – “digitally controlled proxies”.

Couchsurfing with Bateson: An ecology of digital platforms

2021 ◽  
pp. 017084062110586
Author(s):  
Karolina Mikołajewska-Zając ◽  
Attila Márton ◽  
Mike Zundel
Keyword(s):  
Longitudinal Study ◽  
Analytical Approach ◽  
Stress Adaptation ◽  
Tolerance Limits ◽  
Gregory Bateson ◽  
Digital Platforms ◽  
Digital Platform ◽  
Organizational Patterns ◽  
Scaling Variables

Digital platforms radically alter socio-economic and organizational patterns. In an ecological sense, they enable the rapid extension of tolerance limits by digitally scaling variables such as the availability of accommodation or labour. However, such maximization of specific variables in a complex ecology bears the danger of pathological runaway patterns. In our paper we draw on the work of Gregory Bateson to outline an analytical approach for the study of digital platforms as ecological phenomena, focussing on the effects of digitalization on the context in which platforms operate. To study such meta-patterns, we elaborate three interrelated concepts: stress, adaptation and budgets of flexibility. We exemplify these ideas through a longitudinal study of the early digital platform Couchsurfing and develop implications for our understanding of technology and organization.

Forest Fire Scenarios in Digital Platforms

2021 ◽  
pp. 149-176
Author(s):  
Liliana Gonçalves ◽  
Lídia Oliveira
Keyword(s):  
Conceptual Framework ◽  
Forest Fire ◽  
Forest Fires ◽  
Mobile Apps ◽  
The Internet ◽  
Digital Platforms ◽  
Digital Platform ◽  
Fire Scenarios ◽  
Facebook Pages

Forest fires are widespread in Portugal, particularly in the summer. Recently, in 2017, Portugal had two great fires. As a result, more than 120 people died, hundreds suffered injuries and registered significant economic and environmental losses. Since then, and due to the evolution and democratization of the internet and technology devices, forest fire content is much more common in cyberspace. Thus, to understand this issue, the authors propose to outline a profile of the digital platforms used in forest fire situations. The goal is to understand the uses and commitment arising from forest fires' issues in digital platforms by presenting a conceptual framework in Portugal's specific case. The authors analyzed webpages, mobile apps, Facebook pages and groups, and YouTube channels, focusing on forest fires contents. By understanding the kind of digital platform, its contents, uses, and interaction, this chapter contributes to understanding digital platforms' role in crisis and disaster scenarios such as wildfires.

Digital platforms in Russia: competition between national and foreign multi-sided platforms stimulates growth and innovation

2019 ◽  
Vol 21 (2) ◽  
pp. 129-145 ◽  
Author(s):  
Yaroslav Eferin ◽  
Yuri Hohlov ◽  
Carlo Rossotto
Keyword(s):  
Emerging Markets ◽  
Business Models ◽  
Emerging Market ◽  
Policy Framework ◽  
Policy Objective ◽  
Content Type ◽  
Digital Platforms ◽  
Digital Platform ◽  
Winner Takes All

Purpose This paper aims to test the “winner-takes-all” vs the “winner-takes-some” scenarios in digital platform competition dynamics in emerging markets. Design/methodology/approach This paper uses an analytical reference framework to assess the emergence of digital platforms in Russia, including four elements: definition of multi-sided platforms (MSPs), platform enablers, business models and competitive dynamics. Findings This paper concludes that Russia shows that a healthy competition between national and foreign MSPs led to the emergence of a shared equilibrium, where local platforms were able to retain a significant, often majority, share vis-à-vis foreign and global platforms. Research limitations/implications This paper stands as a counterpoint to the widespread conviction that digital platform dynamics will result into a “winner-takes-all” scenario and dominance of global platforms. Practical implications This case study offers practical data and analysis that can be used to create a baseline and evaluate the dynamics of digital platforms in emerging markets. It offers data, trends and evidence on Russia’s digital economy. Social implications This research provides a logical framework to help policymakers take decisions on a policy framework to regulate platforms in emerging markets. The good outcome of competition between local and foreign platforms should emerge as a policy objective to achieve in most emerging markets. Originality/value This case study is the first baseline to assess the dynamics of competition between national and foreign digital platforms in the Russian market. It is one of the first papers to tackle the market of digital platforms in an emerging and developing economy. It tries to address the debate between “winner-takes-all” and “winner-takes some” competition equilibrium through a concrete case study in an important G20 emerging market economy.

Digital Platforms, Gig Economy, Precarious Employment, and the Invisible Hand of Social Class

2018 ◽  
Vol 48 (4) ◽  
pp. 597-600 ◽  
Author(s):  
Carles Muntaner
Keyword(s):  
Social Class ◽  
Working Class ◽  
Working Conditions ◽  
Invisible Hand ◽  
Class Conflict ◽  
Precarious Employment ◽  
Digital Platforms ◽  
Digital Platform ◽  
Employment Conditions ◽  
Gig Economy

Digital platform capitalism, as exemplified by companies like Uber or Lyft has the potential to transform employment and working conditions for an increasing segment of the worforce. Most digital economy workers are exposed to the health damaging precarious employment conditions characteristic of the contemporary working class in high income countries. Just as with Guy Standing or Mike Savage’s “precariat” it might appear that digital platform workers are a new social class or that they do not belong to any social class. Yet the class conflict interests (wages, benefits, employment and working conditions, collective action) of digital platform workers are similar to other members of the working class.

Commercialization of Creative Videos in China in the Digital Platform Age

2020 ◽  
pp. 152747642095358
Author(s):  
Zhongxuan Lin
Keyword(s):  
Research Question ◽  
Product Placement ◽  
Power Relationships ◽  
Special Focus ◽  
Digital Platforms ◽  
Digital Platform ◽  
Case Study Design ◽  
Asymmetrical Power ◽  
Depth Interviews

With a special focus on the commercialization of creative videos, this article explores the research question of how digital platforms’ affordances simultaneously allow and constrain video producers’ commercialization activities in the platform era. This study adopts a case study design that focuses on the Chinese digital video producer Zheng Yun, founder of Zheng Yun Studio, using ethnographic participant observations and in-depth interviews. It explains how creative producers such as Zheng Yun struggle to survive in the context of intensified platformization and how they benefit from the digital platforms by employing various commercialization mechanisms, including the Revenue Sharing Program (RSP), Embedded Product Placement (EPP), Franchise Chains, Agent-commission, and Crowd-funding. This research also demonstrates the asymmetrical power relationships between platforms and video producers, which prompt us to rethink the political nature of platforms and the diversified nature of platformization in the digital platform age.

Western Pessimism, Asian Optimism: Three Perspectives on Global Governance

2014 ◽  
Vol 28 (3) ◽  
pp. 383-396
Author(s):  
Richard Jolly
Keyword(s):  
World Economy ◽  
The United States ◽  
Financial Control ◽  
The European Union ◽  
Financial Policies ◽  
Middle Income ◽  
Lower Base ◽  
Economic Stagnation ◽  
Global Action ◽  
The International Monetary Fund

As of 2007 the world economy has been caught in the worst crisis since the 1930s. Yet after two years of only partly successful efforts to mobilize and coordinate global action of financial control and stimulus, ending with the G-20 meeting of March 2009, responsibility for corrective economic initiatives has essentially been left to individual countries, supported by the International Monetary Fund (IMF) and the European Union (EU). Moreover, such support has been usually conditional on countries following financial policies of tough austerity. The United States took some actions to stimulate its economy, but by many accounts these were insufficient. Most of Europe has not even attempted stimulus measures and has been in a period of economic stagnation, with falling real incomes among the poorest parts of the population. Although some signs of “recovery” have been heralded in 2013 and 2014, growth has mostly been measured from a lower base. There is little evidence of broad-based economic recovery, let alone improvements in the situation of the poor or even of the middle-income groups.

scholarly journals THE FUTURE OF DIGITAL PLATFORM ECONOMY FROM A PERSPECTIVE OF GDP, TAX POLICIES, FDI AND REGULATORY FRAMEWORK IN EU COUNTRIES

2021 ◽  
Author(s):  
Vito Bobek ◽  
◽  
Shuporna Ghosh ◽  
Tatjana Horvat ◽  
◽  
...  
Keyword(s):  
Regulatory Framework ◽  
Digital Data ◽  
Asia Pacific ◽  
Tax Policies ◽  
The European Union ◽  
Digital Platforms ◽  
Digital Platform ◽  
Eu Countries ◽  
Platform Economy ◽  
The Eu

Digital data are core to all fast-emerging digital technologies, such as data analytics, artificial intelligence (AI), blockchain, the internet of things (IoT), cloud computing, and all internet-based services. The dominance of global digital platforms, their control of data, and their capacity to create and capture the ensuing value further accentuate concentration and consolidation rather than reduce inequalities between and within countries. This paper will analyze the digital platform economy in the European Union (EU) in the backdrop of the US and Asia Pacific digital platform economy and throw some light on critical factors for developing the conducive and globally competitive digital industry in the EU. This will be studied through some of the influences such as share of GDP, tax policies, FDI, and regulatory framework in the EU countries, contributing to creating a framework for a competitive global landscape of the EU.

scholarly journals Цифрові платформи як рушійна сила цифрової трансформації економіки

2020 ◽  
pp. 127-132
Author(s):  
Кургузенкова Л.А. ◽  
Федоренко А.І.
Keyword(s):  
Business Models ◽  
Full Range ◽  
Digital Transformation ◽  
Digital Platforms ◽  
Digital Platform ◽  
Market Control ◽  
Goods And Services ◽  
National Market ◽  
The One ◽  
Definition Of

The article deals with the theoretical aspects of structures such as digital platforms, the revelation of the contemporary importance of digital platforms for economic and social development. Digital platforms have been found to be a relatively new phenomenon that has evolved over the last ten years. Approaches of scientists and practitioners to define the definition of «digital platform», their composition, common and distinguishing features between existing types of digital platforms are analyzed. The study found that most scholars are unanimous in identifying the digital platform as a key digital transformation tool that provides information sharing and transactions between a large number of online users. Generalizing scientists’ claims, the author defines an online platform by which we understand bilateral or multilateral markets with an infrastructure that operates online and facilitates transactions between different parties in the process of buying and selling goods and services. It is established that the largest companies in the world by the index of market capitalization now use platform business models. The stages of digital transformation of the market using digital platforms are presented, each of the six stages is characterized. The advantages of enterprises as a result of application of platform business models are highlighted. The strategies of monetization of digital platforms are considered, the mechanism of realization of each of them is described. Thus, it can be argued that digital platforms are a breakthrough innovation that can radically change the structure of the national market. On the one hand, digital platforms help to avoid the intermediary chain, offering the ultimate consumer the full range of options. On the other hand, in the case of «digital monopoly», the owners of successful platforms receive effective market control levers (including information asymmetries) and can impose their pricing policies on service consumers. In these circumstances, the «traditional» business in strategic terms is threatened by the risk of loss of distribution channels and full dependence on platform owners.

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