Comparative Analysis of the NEO and Ethereum Cryptocurrencies in the Context of the Digital Economy of the Future

2019 ◽  
Vol 12 (3) ◽  
pp. 116-124 ◽  
Author(s):  
V. P. Bauer ◽  
V. V. Smirnov
Keyword(s):  
Comparative Analysis ◽  
Raw Materials ◽  
Digital Economy ◽  
Digital Platforms ◽  
Digital Revolution ◽  
Blockchain Technology ◽  
Russian Economy ◽  
The Future ◽  
The Subject ◽  
Near Future

The subject of the research is the NEO and Ethereum cryptocurrencies. The relevance of the research is due to the following.First, these cryptocurrencies are expected to play the key role in establishing the future digital economy. Second, cryptocurrency developers are competing to gain leading positions in the development of financial technologies of the digital revolution. Third, the above cryptocurrencies are designed to perform almost identical functions, therefore, to determine the advantages of either of them, a comparative analysis is needed and appropriate conclusions for the Russian economy should be made.The purpose of the paper was to perform a comparative analysis of the Ethereum and NEO cryptocurrencies to identify trends in the digital economy of the future and determine the main targets to enable Russia’s entry into the top five largest world economies.The information sources include articles, books, regulations, departmental documents and conference materials on FinTech, crypto-markets and the digital economy. The research made it possible to reveal specific features of the cryptocurrencies and the corresponding digital platforms that are important for the development of the digital economy of the future. The goal of Ethereum developers is to create a platform for decentralized applications, based on which it will be possible to form a global, easy-to-access, free and reliable Internet of the future.The paper concludes that at present, the NEO has advantages over the Ethereum in terms of both the transaction speed and operational fitness for the development of prospective technologies of the digital economy. However, it may happen that in the near future, the Ethereum developers will be able to improve their blockchain technology so as to ensure the priority of their project in the competition for leadership in the development of the digital economy of the future. Given the contradictions revealed and taking into account the raw materials orientation of the Russian economy, a number of targets are proposed to bring Russia into the five largest world economies.

ICO as a Business Financing Tool: Myths and Reality

2018 ◽  
Vol 11 (2) ◽  
pp. 41-51 ◽  
Author(s):  
I. Ya. Lukasevich
Keyword(s):  
Corporate Finance ◽  
Digital Economy ◽  
Real Sector ◽  
The Real ◽  
Objective Information ◽  
Advantages And Disadvantages ◽  
Russian Economy ◽  
The Subject ◽  
Business Financing ◽  
Made In

The subject of the research is new tools for business financing using the initial coin offering (ICO) in the context of the development of cryptocurrencies and the blockchain technologies as their basis. The purpose of the work was to analyze the advantages and disadvantages of the ICO in comparison with traditional financial tools as well as prospects, limitations and problems of using digital financial tools. Conclusions are made in relation to possibilities, limitations and application areas of digital business financing tools, particularly in the real sector, taking into account the specifics of the Russian economy and legislation. It is shown that the main problems of using the digital financial tools are related to the economic sphere and caused by the lack of adequate approaches to evaluation of assets as well as the shortage of objective information. The problems and new tasks of corporate finance in the digital economy are defined.

scholarly journals DIGITAL TRANSFORMATION OF THE RUSSIAN ECONOMY AND ALIGNMENT OF ECONOMIC INTERESTS

2021 ◽  
Vol 230 (4) ◽  
pp. 410-416
Author(s):  
N.V. RASSKAZOVA ◽  
Keyword(s):  
Economic Growth ◽  
Transaction Costs ◽  
Digital Technologies ◽  
Digital Economy ◽  
Digital Transformation ◽  
Production Costs ◽  
Economic Interests ◽  
Digital Platforms ◽  
Russian Economy ◽  
Reproduction Process

The problems of the digital economy development are central, since the introduction of digital technologies in the reproduction process provides for increased efficiency and reduced production costs. This fact encourages the development of digital platforms and mechanisms that allow to accelerate the process of interaction between different actors and reduce the transaction costs of coordinating economic interests at the micro and macro levels, which will eventually lead to economic growth. In this regard, the problem of digitalization of the Russian economy and its branches is relevant.

Bridging of the digital economy space limits

2020 ◽  
pp. 89-106 ◽  
Author(s):  
Т.Ф. Шарифьянов
Keyword(s):  
Exchange Rate ◽  
Comparative Analysis ◽  
Statistical Analysis ◽  
Russian Federation ◽  
Open Problem ◽  
Digital Economy ◽  
Institutional Approach ◽  
Government Documents ◽  
The Subject ◽  
The Russian Federation

Объектом статьи выступает региональная инфраструктура цифровой экономики, а предметом - институциональные механизмы распространения инфраструктуры от карскаса расселения к малым населенным пунктам на периферийных территориях региона. Выполнен анализ объемов, структуры и приоритетов финансирования национального проекта «Цифровая экономика». Сделан прогноз финансирования НИОКР в РФ в период 2019-2024 на основе правительственных документов, прогнозов ВВП и курса рубля. Выполнен сравнительный анализ достаточности финансирования НИОКР в РФ. Определена проблема, с которой столкнутся регионы России при переходе к цифровой экономике - дефицит инфраструктуры цифровой экономики и выявлены пространственные характеристики этого дефицита. Сформулированы понятия объективного (структурного) и субъективного (стратегического) барьеров на пути инвестиций в региональную инфраструктуру. На основе статистического анализа, разработаны методы решения вскрытой проблемы реиональными силами. Сформулированы региональные задачи снижения субъективных барьеров на пути развития инфраструктуры и доказана возможность их решения. Regional infrastructure of the digital economy is the object of this paper. And the subject is the institutional mechanisms for the infrastructure distribution from the urban lattice to the small rural settlement in the districts peripheral territories. Authors made analysis of the volumes, structure and priorities of the national project "Digital Economy" financing. A forecast is made for financing R&D in the Russian Federation in the period 2019-2024 based on government documents, forecasts of GDP and the ruble exchange rate. A comparative analysis of the adequacy of R&D funding in the Russian Federation is carried out. The problem that Russian districts will face in the transformation to the digital economy is identified - a deficit in the infrastructure of the digital economy and the spatial characteristics of this deficit are revealed. The author formulated the concepts of objective (structural) and subjective (strategic) barriers to investment in regional infrastructure. Methods for solving a district level open problem based on statistical analysis are proposed. Based on the institutional approach, two tasks have been set for the district authorities and the possibility of solving them has been proved.

Perspectives of Blockchain in Cybersecurity

2021 ◽  
pp. 109-131
Author(s):  
Muath A. Obaidat ◽  
Joseph Brown
Keyword(s):  
Data Structure ◽  
Structural Characteristics ◽  
Blockchain Technology ◽  
The Future ◽  
The Subject

In recent years, blockchain has emerged as a popular data structure for use in software solutions. However, its meteoric rise has not been without criticism. Blockchain has been the subject of intense discussion in the field of cybersecurity because of its structural characteristics, mainly the permanency and decentralization. However, the blockchain technology in this field has also received intense scrutiny and caused to raise questions, such as, Is the application of blockchain in the field simply a localized trend or a bait for investors, both without a hope for permanent game-changing solutions? and Is blockchain an architecture that will lead to lasting disruptions in cybersecurity? This chapter aims to provide a neutral overview of why blockchain has risen as a popular pivot in cybersecurity, its current applications in this field, and an evaluation of what the future holds for this technology given both its limitations and advantages.

Initial Coin Offering (ICO) as a Transformation of Financial Institution of Collective Investment

2020 ◽  
Vol 2020 (1) ◽  
pp. 81-103
Author(s):  
Aleksandr Babkin ◽  
Diana Burkaltseva ◽  
Andrej Tyulin ◽  
Pulod Azimov ◽  
Oleg Blazhevich
Keyword(s):  
Comparative Analysis ◽  
Financial Markets ◽  
Financial Institutions ◽  
Financial Institution ◽  
Digital Economy ◽  
Basic Tool ◽  
Advantages And Disadvantages ◽  
The Subject ◽  
New Form ◽  
Training Specialists

In conditions of financial institutions' development it is crucial to examine the transformation in the form of a collective investment institution under the influence of digitalization and, in particular, the emergence of cryptocurrencies. The subject of the research refers to the features of ICO functioning as a transformation of a financial institution for collective investment. The goal is to explore the ICO as a new form of collective investment. The results of the research are achieved through a comprehensive comparative analysis of ICO and IPO as a basic tool of financial institutions. The paper highlights the advantages and disadvantages, identifies the factors, analyzes the institutional regulation of ICO and proposes development vectors from three angles: for project creators, investors, regulators. The results can be used in policymaking, the functioning of joint investment platforms, in training specialists in the field of digital economy and financial markets.

scholarly journals Actual Problems of the Russian Economy

2019 ◽  
Vol 62 ◽  
pp. 02005
Author(s):  
V.V. Moiseev ◽  
S.I. Kramskoy ◽  
E.A. Karelina ◽  
M.Yu. Karelina
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Russian Economy ◽  
Main Current ◽  
Head Of State ◽  
The World ◽  
Socio Economic Development ◽  
Near Future

The urgency of researching the problems of the Russian economy is beyond doubt. It is determined by the scale and complexity of the tasks set by President V. Putin in 7the May 2018 decree. The purpose of the study is to study the current problems of the Russian economy and, on this basis, offer recommendations for their elimination in order to achieve the indicators indicated by the head of state and above all enter the TOP-5 largest economies of the world. The main objectives of the study were: 1. To identify the main problems of the Russian economy. 2. To analyze the current shortcomings policy. 3. To show the conditions under which the economy can develop at a pace. When studying the main issues of the topic, the authors use the following methods: dialectic, system-functional, economic-statistical, and formal-logical methods; the method of comparative analysis was used by the authors for comparison with the economies of other countries, for example, with the economy of China. In this article, the authors attempted to analyze the main current problems of the Russian economy in order to show which “baggage” should be eliminated in the near future, which priority tasks should be solved in order to make a planned breakthrough in socio-economic development and get into the TOP-5 largest economies in the world.

scholarly journals Digital transformation of russian economy: challenging the highest rank in the global innovation development

2021 ◽  
Vol 34 (01) ◽  
pp. 74-81
Author(s):  
Gennadiy I. Lazarev ◽  
Tat’ayna V. Varkulevich ◽  
Viacheslav A. Andreev
Keyword(s):  
Digital Economy ◽  
Annual Growth ◽  
Innovation Development ◽  
Digital Platforms ◽  
Prognostic Analysis ◽  
Russian Economy ◽  
Global Innovation ◽  
E Learning ◽  
On Line ◽  
Research Efficiency

A simple prognostic method was applied to estimate the percentage ratio of the digital economy in Russia’s GDP relying on technology solutions expenditure and sectoral investment. The research indicates a significant impact of Russia’s digital sector on innovation development in B2B, B2G, and B2C segments. The prognostic analysis shows the extension of on-line education, social networking, e-commerce, private and corporate banking, and end-to-end technology solutions in manufacturing. The findings point at the opportunity for the sectoral investment extension and steady annual growth 7-8 % in the next few years. Due to requirements on updating the technological solutions in the related public services, the digital sphere can support the annual growth in the national economy by 1,0-1,2 % until 2024. Respectively the digital economy in Russia will be growing faster the world's average to provide the sector’s contribution of 8,0-8,1 % in GDP by 2024. The findings show the digital platforms are becoming a driver for innovation development integrating the production process, cloud resources, data analysis, and e-learning services. The research contains hints on improving the research efficiency and winning the talent battle that promises to improve the country’s global innovation and economic ranks.

scholarly journals Crossbreed – (Re) producing the Future

2019 ◽  
Author(s):  
Yael Brosilovski
Keyword(s):  
Information Flow ◽  
Human Body ◽  
Human Intervention ◽  
Breeding Ground ◽  
Ethical Implications ◽  
The Future ◽  
Technological Intervention ◽  
The Subject ◽  
Near Future

The subject of technological intervention has been largely debated among the world’s greatest minds. Political, theological, psychological, biological and ethical implications have all been argued for and against the ‘technological other’. Does the fact we now CAN perform certain operations and changes to the human body and society at large actually mean we SHOULD? What impact can we foresee with unlimited human intervention in nature ‘as it was intended’? How can we benefit from an era of information flow, where crossing and hybridizing-disciplines, or as I term it “crossbreeding”, become the new breeding ground for innovation? How would Architecture be affected by a future that belongs to organic, non-organic humans and anything in between? This paper will discuss these issues and take a peep into where we might be headed in the near future, so to better understand the challenges that are ahead of us.

The Digital Economy оf Russia: Current State аnd Prospects оf Development

2017 ◽  
Vol 33 (4) ◽  
pp. 32-38 ◽  
Author(s):  
M. A. Izmailova
Keyword(s):  
Economic Growth ◽  
Digital Technologies ◽  
Digital Economy ◽  
Current Status ◽  
Economic Activities ◽  
Digital Revolution ◽  
Russian Economy ◽  
Current State ◽  
The World

The article analyzes the current status of the digital economy of Russia in comparison with the world leaders in digital revolution. Describes the main sources of economic growth of the Russian economy on the basis of digitalization. The role and prospects of use of digital technologies in various spheres of socio-economic activities.

On the Use of Digital Platforms to Support SME Internationalization in the Context of Industrial Business Associations

2019 ◽  
pp. 66-94 ◽  
Author(s):  
Eric Costa ◽  
António Lucas Soares ◽  
Jorge Pinho de Sousa
Keyword(s):  
International Trade ◽  
Small And Medium Enterprises ◽  
Field Research ◽  
Digital Economy ◽  
Business Associations ◽  
Digital Platforms ◽  
Different Types ◽  
The Uk ◽  
Medium Enterprises ◽  
Near Future

The digital economy is creating disruptions in traditional industries and markets. Industrial business associations (IBAs) may face serious challenges in a near future to meet the needs and requirements of their members, particularly in supporting their growing international trade activities and internationalization processes. Digital platforms are already transforming different types of businesses across all markets. An IBA may use a digital platform, not only to keep up with the current technological trends of markets, but also to improve the internationalization support provided to their associate small and medium enterprises (SMEs). Therefore, the aim of this chapter is to present the view of these potential digital platforms' managers, by presenting the results of an exploratory field research based on 24 interviews with IBAs from Portugal, France, and the UK. Another goal is to identify current digital platforms that are being used by IBAs and to critically evaluate their potential for supporting internationalization processes of SMEs. By using these findings, a set of requirements and features for digital platforms supporting SME internationalization in the context of IBAs are derived in this chapter. These results can be used by platform designers and by IBAs for designing and developing more effective digital platforms that can meet the specific internationalization needs of their users and managers.

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