scholarly journals Financial Innovation Solutions from Blockchain Technology in the Perception of Financial Market Agents

2019 ◽  
Vol 7 (12) ◽  
pp. 658-676
Author(s):  
Guilherme Santos ◽  
Sílvio Parodi Oliveira Camilo
Keyword(s):  
Financial Market ◽  
Business Models ◽  
Financial Innovation ◽  
Field Research ◽  
Research Strategy ◽  
Point Of View ◽  
Blockchain Technology ◽  
Technology Platforms ◽  
New Business ◽  
Financial Environment

The phenomenon of financial innovation (FI) found, in the fast-contemporary technological advance, the possibility of disseminating solutions that are intended to fill market gaps, promoting profound changes in the traditional financial structure. This finding can be explained by the perceptible movement of different agents interested in exploring the applications of blockchain technology in recent years. Considering this scenario of changes and expectations the present work aims to analyze perceptions of financial market agents about the possibility of blockchain technology influence in the creation of FI solutions. From the point of view of the research strategy, it constitutes a field research. We operated through interviews with the participation of twelve managers of institutions that operate in the financial environment. The results point to blockchain impacting the financial environment of organizations, whether in its technology platforms, investments, internal structures, people, governance, business conceptions. Likewise, by the existence of opportunities to solve market problems, affecting, through deeper changes in the financial system, from the disintermediation.  It reveals the emergence of new business models and the possibility of consumers and managers less dependent on a centralized financial environment.

scholarly journals Financial Innovation Solutions from Blockchain Technology in the Perception of Financial Market Agents

2019 ◽  
Vol 7 (12) ◽  
pp. 677-695
Author(s):  
Guilherme Santos ◽  
Sílvio Parodi Oliveira Camilo
Keyword(s):  
Financial Market ◽  
Business Models ◽  
Financial Innovation ◽  
Field Research ◽  
Research Strategy ◽  
Point Of View ◽  
Blockchain Technology ◽  
Technology Platforms ◽  
New Business ◽  
Financial Environment

The phenomenon of financial innovation (FI) found, in the fast-contemporary technological advance, the possibility of disseminating solutions that are intended to fill market gaps, promoting profound changes in the traditional financial structure. This finding can be explained by the perceptible movement of different agents interested in exploring the applications of blockchain technology in recent years. Considering this scenario of changes and expectations the present work aims to analyze perceptions of financial market agents about the possibility of blockchain technology influence in the creation of FI solutions. From the point of view of the research strategy, it constitutes a field research. We operated through interviews with the participation of twelve managers of institutions that operate in the financial environment. The results point to blockchain impacting the financial environment of organizations, whether in its technology platforms, investments, internal structures, people, governance, business conceptions. Likewise, by the existence of opportunities to solve market problems, affecting, through deeper changes in the financial system, from the disintermediation.  It reveals the emergence of new business models and the possibility of consumers and managers less dependent on a centralized financial environment.

Combining E-Commerce and Blockchain Technologies to Solve Problems and Improve Business Results

2021 ◽  
pp. 173-192
Author(s):  
Albérico Travassos Rosário
Keyword(s):  
Supply Chain ◽  
Business Models ◽  
Digital Transformation ◽  
The Internet ◽  
Chain Management ◽  
Blockchain Technology ◽  
Business Results ◽  
New Business ◽  
Financial Transactions ◽  
New Business Models

The internet and digital transformation have changed our relations with the market. These technologies have been developing continuously, creating opportunities for new business models, and e-commerce has grown overwhelmingly worldwide, changing the consumption process of a large part of the world's population. Companies are increasingly using blockchain technology to improve and create new global trading business models. Blockchain had its first application in cryptocurrencies, but it has quickly become a major solution in all sorts of activity sectors, providing increased security in commercial transactions. An important question is how the blockchain can leverage e-commerce in solving problems and improving business results. It was concluded that blockchain could leverage e-commerce in the four fundamental areas of (1) e-commerce financial transactions, (2) e-commerce supply chain management, (3) e-commerce forecasting and contractual relations, and (4) e-commerce transactions systems' trust and credibility.

scholarly journals Reconversion of Flat Buildings Administration: New Romanian Business Opportunities

2013 ◽  
Vol 8-9 ◽  
pp. 621-630
Author(s):  
Nagy Zsolt ◽  
Ludovic Fülöp ◽  
Talja Asko
Keyword(s):  
Business Models ◽  
Private Property ◽  
Life Quality ◽  
Point Of View ◽  
Negative Effects ◽  
Centralized Management ◽  
Tremendous Progress ◽  
Business Opportunities ◽  
New Business ◽  
Made In

In Romania, after the changes in 1989, most flats in existing buildings were sold to the occupants. This was a sort of getting back for those people who lost their private property, but another reason of this decision was the missing centralized management capacity of the administration. Looking back now and analyzing from the point of view of how property was redefined at that time, we can say with no doubts: it was made in a wrong way, and as time passes this will become a disaster. Tremendous progress was made in the last twenty years in any areas of life, but the existing stock of flat buildings still regresses from all points of view. The pushed administration model for new flat buildings also produces similar negative effects. The reason can be found on one hand in the way how private property division was done. On the other hand the so called owner administration model in most of the cases cannot work efficiently due to lack of knowledge, division, overemphasizing individual interest etc. This paper makes an up to date analysis of present Romanian situation and define new business opportunities, supplying business models for existing and new flat building administration. Applying a reconversion process, positive economical effects and improvement of the comfort and life quality of the owners of such kind of private properties could be achieved.

scholarly journals ТЕХНОЛОГІЯ БЛОКЧЕЙН ДЛЯ ВИРІШЕННЯ ПРОБЛЕМ ЦИФРОВОГО МАРКЕТИНГУ

2021 ◽  
pp. 117-123
Author(s):  
Олена Сергіївна Дем’яненко ◽  
Владислав Анатолійович Дем’яненко
Keyword(s):  
Value Chain ◽  
Business Models ◽  
Customer Relationships ◽  
Digital Marketing ◽  
Practical Significance ◽  
Security Issues ◽  
Blockchain Technology ◽  
New Business ◽  
Customer Control ◽  
New Business Models

This article examines the security issues of digital marketing. Blockchain is a revolutionary technology that will continue to evolve due to mass digitization, which in turn is due to the COVID-19 pandemic. The purpose of this study is to analyze the benefits of using blockchain technology in digital marketing. The subject of the study are acute and topical issues of digital marketing. The hypothesis of the study is the assumption that all blocks and ever performed transactions of network users are connected to each other using complex algorithms. Attempting to change anything in one of the blocks destroys the integrity of the chain and is rejected by the computers of other participants. Presentation of the main material. The article describes the key areas of use of blockchain technology in digital marketing, describes the new business models of digital enterprises. The relations of new business models of digital economy are determined. The most viable blockchain startups in the field of digital advertising are considered. The disadvantages and advantages of blockchain technology in marketing are identified. Originality and practical significance of the study. The study emphasizes that the relationship between businesses and consumers is being reviewed as trust, which is usually passed on through mediation, is strengthened and data becomes more secure under customer control. This level of visibility allows users to interact with companies and give them access to their information, ultimately changing the dynamics of customer relationships. Conclusions and prospects for further research. Note that the choice of blockchain technology will allow companies to shift the importance of marketing activities to move towards creating a digital product and forming a new value chain for the consumer.

scholarly journals Security of Digital Transformation of the Financial Market

2019 ◽  
Vol 9 (2) ◽  
pp. 3572-3577
Keyword(s):  
Financial Market ◽  
Business Models ◽  
Personal Information ◽  
Digital Transformation ◽  
Security Systems ◽  
Corporate Networks ◽  
Digital World ◽  
Catching Up ◽  
New Business ◽  
Transformation Processes

Successful digital transformation requires paying increased attention to security. Some of the world's largest companies have been victims of cyberattacks. Internet Protocol addresses, personal information and finance are constantly at risk. In the digital world content, corporate networks of the past no longer exist. Security must be built directly into all applications. However, many companies delay the strengthening of their security systems until it is too late. According to Gartner, until 2020, 99% of vulnerabilities in operating systems have been known to IT security specialists for at least a year. This means that companies must first eliminate the existing vulnerabilities that they know. According to some estimates, almost 85% of the participants in the financial market call digital transformation the main priority for the next 3–4 years, because they see in it not only cost reduction, but also the possibility of creating new business models, new communication with the client, and, in fact, new sources of income. Recently, the financial system of Russia has been catching up with the West in terms of digitalisation and now it is developing faster than Western markets. All this suggests the need for closer attention to ensuring the security of transformation processes taking place in the financial market

scholarly journals The Research Council of Norway’s publication grants for scholarly journals: present status and the road ahead

2014 ◽  
Author(s):  
Rune Rambæk Schjølberg
Keyword(s):  
Social Sciences ◽  
Business Model ◽  
Present Status ◽  
Research Council ◽  
Business Models ◽  
Point Of View ◽  
Scholarly Journals ◽  
The Road ◽  
New Business ◽  
Grant Scheme

The Research Council of Norway’s publication grant scheme has since 1993 contributed to the publication of scholarly journals in the humanities and social sciences. Presently 44 Norwegian journals receive support from the Councils Publications committee. Through the Nordic Publications Board (NOP-HS) RCN also contributes to the publication of 41 Nordic scholarly journals. This presentation will focus on the challenges facing new and existing business models for scholarly journals from the Research council’s point of view, including comments on the new business model proposed by Gunnar Sivertsen.

scholarly journals Blockchain in the Tourism Industry—A Review of the Situation in Croatia and Macedonia

Informatics ◽  
2020 ◽  
Vol 7 (1) ◽  
pp. 5 ◽  
Author(s):  
Aleksandar Erceg ◽  
Jovanka Damoska Sekuloska ◽  
Ivan Kelić
Keyword(s):  
Business Models ◽  
Tourism Industry ◽  
Travel Agency ◽  
Economic Activities ◽  
Blockchain Technology ◽  
Tourism Sector ◽  
New Business ◽  
The Republic ◽  
Industry Needs ◽  
New Business Models

As one of the most interactive economic activities, tourism has improved significantly since the Internet allowed customers (travelers) to look for and create their trips without the need to go to a travel agency. Through the development of Internet marketing, tourists are able to receive information in real-time and view them on the screens of their devices (computers, laptops, mobile phones or tablets), and consequently they can create their own content and share it with others. Due to this development, we are witnessing a new phenomenon, so-called app capitalism, in which companies like Uber and Airbnb make money on services and goods they do not own and finding new business models in the tourism sector which enable customer-to-customer models. To be able to respond to these changes, the tourism industry needs to bring together knowledge, money, and technology for the purpose of creating new business models. The development of technology in all social spheres, including tourism, has provided a strong tool for consumers in terms of both acquiring and disclosing information to others. One of the rapidly growing technologies which is also one of the cutting-edge technologies entering tourism is blockchain. Blockchain technology captured worldwide attention in 2017 and its implementation has been revolutionizing various industries (e.g., retail, healthcare, tourism). The aim of this paper is to analyze the potential of the tourism industry in terms of blockchain implementation. Blockchain technology provides significant benefits to the tourism industry since its implementation can help increase competitive advantage, improve customer satisfaction and enhance performance. In this paper, the authors present the current situation in the Republic of Croatia and the Republic of Macedonia regarding the use of blockchain technology in the tourism industry. The main findings of this paper comprise the detection of key areas regarding why blockchain technology is not implemented in the tourist industry, and what processes should be handled. By presenting a case study of the implementation of blockchain technology in tourism, the authors analyze the potential of using blockchain technology in the tourism industry and discuss topics for further research.

scholarly journals The impact of blockchain technology on business models – a taxonomy and archetypal patterns

2019 ◽  
Vol 30 (2) ◽  
pp. 285-305 ◽  
Author(s):  
Jörg Weking ◽  
Michael Mandalenakis ◽  
Andreas Hein ◽  
Sebastian Hermes ◽  
Markus Böhm ◽  
...  
Keyword(s):  
Business Models ◽  
New Technology ◽  
Technology Research ◽  
Economic Activities ◽  
Research And Practice ◽  
Blockchain Technology ◽  
New Business ◽  
Research Stream ◽  
The Impact ◽  
New Business Models

AbstractBlockchain technology enables new ways of organizing economic activities, reduces costs and time associated with intermediaries, and strengthens the trust in an ecosystem of actors. The impact of this seminal technology is reflected by an upcoming research stream and various firms that examine the potential uses of blockchain technology. While there are promising use cases of this new technology, research and practice are still in their infancy about altering existing and creating new business models. We develop a taxonomy of blockchain business models based on 99 blockchain ventures to explore the impact of blockchain technology on business models. As a result, we identify five archetypal patterns, which enhance our understanding of how blockchain technology affects existing and creates new business models. We propose to use these results to discover further patterns fueled by blockchain technology and illustrate how firms can use blockchain technology to innovate their business models.

scholarly journals Conceptual framework on health and tourism – an interregional point of view of the Silver Economy

2020 ◽  
Vol 30 (Supplement_5) ◽  
Author(s):  
A Maritati ◽  
L Leonardini
Keyword(s):  
Business Models ◽  
Stakeholder Analysis ◽  
Health Benefits ◽  
Well Being ◽  
Point Of View ◽  
Thermal Waters ◽  
Active Ageing ◽  
Health Tourism ◽  
New Business ◽  
Prevention Interventions

Abstract Background It is essential that both sectors of health and tourism, share experiences and integrate each other's excellence maintaining focus on citizens wellbeing. The demographic evolution mandates the development of a common planning that takes into account the needs and characteristics of each sector. The health care system should no longer be regarded as a cost-generating sector, but rather as a driving force of the economy. Quality health benefits and services can attract citizens who are concerned about maintaining or improving health and well-being as well as patients in search of high-quality services, thus contributing to the development of the tourism market. We aim to discuss with participants active and healthy ageing (Silver Economy), share a workable definition of health tourism, map tourist flow at national and international level, outline trajectories with a specific focus on recommendations. Methods Document and stakeholder analysis will be used to define health services 'attractiveness'. Results Health tourism can be considered an opportunity for the Silver Economy. Actions are necessary to profile customers/clients, countries/regions to seek for scalable best practices. Creating age-friendly tourism contexts while enhancing culture and tourism to support active ageing policies can be used to focus/prioritize and strengthen digital solutions. Conclusions Further actions are essential from the systems point of view like administrative simplification, emphasis in a collaborative and non-competitive approach; The creation of new business models (access and reimbursement paths, investment mergers, reinvestment of avoided costs for effective health promotion / prevention interventions); Communication campaigns (e.g. on the health benefits of thermal waters, derogation for the protection of specific labels); New training and education curricula for administrative, tourism, health and socio-health personnel are a new focus to be procured

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