scholarly journals Development of Business Model Digital Fraction Property Investment

2020 ◽  
Vol 9 (2) ◽  
pp. 67-78
Author(s):  
I Gede Putu Rahman Desyanta ◽  
Gede Sri Darma
Keyword(s):  
Real Estate ◽  
Minimum Wage ◽  
Business Model ◽  
Business Models ◽  
Industrial Revolution ◽  
Blockchain Technology ◽  
Property Prices ◽  
The World ◽  
New Business ◽  
Digital Assets

Investing a property or real estate could be a challenge for Millennials generation. The increase in property prices is not in line with the increased of minimum wage that makes Millennials only afford to rent the property. To having an investment in property need more time in legal procedure, sometime need more than months. Fraction Property investment is a concept of investing property together. Separate the property in other format of digital assets distributed it to all more than one party. To implement this concept need to has a suitable business model and technology. Rising of industrial revolution 4.0, introduce the world with Blockchain Technology. The research is aiming to give better picture of new business model of investing on a property based on blockchain technology. With right business models, millennials generation will have another methods of investment on a property, that secure, easy and digital.

scholarly journals The Fourth Industrial Revolution of Healthcare Information Technology: Key Business Components to Unlock the Value of a Blockchain-Enabled Solution

2020 ◽  
Author(s):  
Ann Ingraham ◽  
Jim St. Clair
Keyword(s):  
Business Model ◽  
Business Models ◽  
Industrial Revolution ◽  
Healthcare Information Technology ◽  
World Economic Forum ◽  
Goods And Services ◽  
Fourth Industrial Revolution ◽  
Blockchain Technology ◽  
New Business ◽  
World Economic

Editor’s note: This article is one of an ongoing series covering topics published in conjunction with the Health Information Management and Systems Society (HIMSS) describing the development of blockchain technology and its applicability to healthcare.  As described by the World Economic Forum (WEF),1 the fourth industrial revolution is here and is changing business models across every industry vertical. This revolution includes digital technology, big data, artificial intelligence, distributed ledger technology (DLT, or blockchain), and analytics, and represents new ways in which technology is being integrated into societies. This changing interaction with technology will impact business models. Traditional business models are historically based on a centralized framework for delivery of goods and services to the consumer. The new business model is based on the decentralization of the creation and delivery of goods and services. At the core of the new model, organizations must demonstrate value-creation and value-delivery, while ensuring their solutions are secure, scalable, and interoperable to remain competitive. A decentralized business model built on a blockchain framework can provide the decentralization and security needed for this industry shift. 

scholarly journals THE WORLD DEVELOPMENT OF THE DIGITAL ECONOMY: THE MAIN DEVELOPMENT STRATAGEMS

2021 ◽  
Vol 2 (1) ◽  
pp. 91-96
Author(s):  
Olena Taranukha
Keyword(s):  
Business Model ◽  
Business Models ◽  
New Technologies ◽  
Technology Development ◽  
Well Being ◽  
Digital Economy ◽  
The Other ◽  
Innovative Solutions ◽  
The World ◽  
New Business

The digital economy allows to compose the new business models, digital platforms and services, which create new types of economic activity, as well as the transformation of traditional industries. Due to the industries transformation to the digital economy there is the transformation of the world economy, or rather the economy itself is being digitized The purpose of the paper is to reveal the essence and features of the digital economy formation and to consider what significant transformations will take place in the world by the analysis of major trends in the near future. Accumulating all the concepts, we can say that the digital economy is the rather complex term, but we can assume that its development is based on the key components According to forecast estimates, the most advanced retail companies will begin implementing the service of virtual and voice search of goods by 2022. This will require from the company the better understanding of the consumers wishes, their interests and intentions. Consider the main technological development trends for 2020-2025 based on the data of the major consulting agencies and the consulting company "Cartner" Figure 2 shows the forecast curve of the new technologies development. Innovative development triggers that will actively influence the technology development include the following: the Authenticated Provenance, Low-Cost Single Board Computers at the Edge, Self-Supervised Learning, BMI (Brain Machine Interface), active development of "Packaged Business Capabilities" services, Digital Twin of the Person and Composible Enterprises. The peak of disappointments will be Social Distancing Technologies and Secure Access Service. The source of expectations will be the development of Carbon-Based transistors technology and Human digital Ontologies. The formation of a productivity platform will be based on trends in Self-Development and Self-Education. Digital IT trends grow, evolve and acquire new properties of social technologies that can influence the structure of the community, form dependencies and demand. Therefore, companies, large corporations and government need to move to more flexible composite business architectures. The modular business model is based on four basic principles: modularity, efficiency, continuous improvement and adaptive innovation. This business model allows to move from rigid traditional planning to a flexible response to rapidly changing business needs. In general, it creates opportunities for innovative approaches, reduces costs and improves partnerships. It is important to pay attention to the other technologies in the new business model such as bundled business services, data factories, private 5G networks and embedded artificial intelligence. Thus, as a result of the research it is proved that the digital world is a completely new order of life, which requires to change our thinking. The person should be always focused on the new technologies and methods in order the enterprises remain competitive and constantly developed, it will promote the economy development and the growth of well-being of the society. So, taking into account the global trends in technology development, Ukraine has to adapt to the new standards quickly and implement innovative solutions for the economic development. The digitalization of the economy, on the one hand, is the key to economic success, on the other hand, it is the driving force in the conditions of the conceptual understanding of the digital economy essence. The growth of the quality and innovation level of domestic goods and services should provide not only sustainable economic growth, but also competitive advantages with further integration into the EU. At the same time, there is the relevant need of the scientific and technological research, the formation of a certain business ("digital") culture, the implementation of smart city ideas in Ukraine based on the development of local communities and the emergence of new initiatives and proposals for innovative solutions.

scholarly journals DIGITAL GLOBALIZATION IN THE ERA OF THE FOURTH INDUSTRIAL REVOLUTION: POTENTIAL FOR TRANSFORMATION

2021 ◽  
Author(s):  
Olena Dovgal ◽  
◽  
Georgiy Dovgal ◽  
Keyword(s):  
International Trade ◽  
Business Models ◽  
Industrial Revolution ◽  
Production Costs ◽  
Fourth Industrial Revolution ◽  
Digital Infrastructure ◽  
The World ◽  
New Business ◽  
The Impact ◽  
New Business Models

The article considers the potential for transformation of the world economy under the influence of digital globalization in the era of the fourth industrial revolution. It is substantiated that within the framework of digital globalization the paradigm of organization of production, configuration and content of international trade are changing. At the same time, the process of digitalization leads to qualitative changes in all spheres of production, economic and trade activities around the world. Formation of production technological processes using the Internet of Things, modules of artificial intelligence and 3D-printing allows to reduce production costs and increase the competitiveness of products. Attention is focused on the essence of the changes taking place, the directions of the vectors of economic development in the context of the changing digital space. Particular attention is paid to the functioning of new business models (in particular, digital platforms), the transformation of the structure, configuration, forms and methods of international trade, as well as the impact of ongoing processes on international competitiveness. An important place is given to the problems of e-commerce, the content of the processes taking place in this segment of international economic relations. Some approaches to solving the problems of digitalization at the international and national levels are proposed. In the global dimension, it is important to ensure, through the adoption of binding legal documents for WTO member states on the freedom of information exchange, aimed at stimulating innovative development, promoting the removal of barriers in the e-commerce segment, encouraging investment in digital infrastructure and human capital. . The development of the country's digital potential and digital infrastructure involves the implementation of localization measures, ie requires the creation of national platforms for the accumulation and storage of information. It is concluded that the global process of digitalization creates the potential for dynamic development of new business models, stimulates productivity and increases competitiveness.

scholarly journals IOT Impacts and Digital Transformation at Listed Vietnam Banks

Webology ◽  
2021 ◽  
Vol 18 (Special Issue 04) ◽  
pp. 773-784
Author(s):  
Dr. Nguyen Thi Hang ◽  
Dinh Tran Ngoc Huy ◽  
Dinh Thi Hien ◽  
Vu Quynh Nam
Keyword(s):  
Business Model ◽  
Business Models ◽  
Business Processes ◽  
Industrial Revolution ◽  
Digital Economy ◽  
Digital Transformation ◽  
Digital Data ◽  
Customer Engagement ◽  
Digital Platforms ◽  
New Business

The Industrial Revolution 4.0 based on digital technologies has led to an unprecedented change in the socio-economic model. Therefore, countries in general and Vietnam are all aiming to develop the digital economy. The concept of digital transformation of the economy or development of the digital economy in Vietnam focuses on the following basic contents: 1) Developing digital businesses; 2) Digital transformation for traditional businesses (towards digitally integrated products; transforming business models on digital platforms; changing production processes based on digital data, automation, virtualization, etc.); 3) Development of digital finance; 4) E-commerce development. Therefore, digital transformation becomes an inevitable and objective trend, supporting banks to overcome challenges, create competitive advantages, and actively adapt to the context of digital transformation. In the context of the development of the digital economy in Vietnam is taking place strongly across industries and fields, requiring banks in Vietnam to have a transformation to a new business model. In this business model, it is necessary to integrate technology in operations and digitize business processes in the direction of automation and intelligence. Thereby, banks can perform activities of providing products and services on digital platforms, effectively exploiting data, thereby increasing experiences in business resolution and customer engagement. Besides, Internet of things has connect everything through internet, therefore risk management information system of Vietnam banks is also affected by IoTs and reliable internet data can help to enhance better RMIS in commercial banks. Generally, we want to emphasize effects of IoTs and digital transformation in banks operation and new business models.

Blockchain Technology and New Business Models for Banks in the Financial Services Industry

2021 ◽  
pp. 1-38
Author(s):  
Vincent Sabourin ◽  
Mike Cyrille Aka-Brou
Keyword(s):  
Business Model ◽  
Financial Services ◽  
Business Models ◽  
Banking Industry ◽  
Disruptive Innovation ◽  
Strategic Intent ◽  
Blockchain Technology ◽  
International Banks ◽  
New Business ◽  
New Business Models

In recent years, the financial technology of blockchain has become a disruptive innovation that is transforming the management of banks. If blockchain represents an opportunity for financial services, it also represents a severe threat of financial disintermediation. What are the business models available to banks when deploying a business model to integrate the blockchain technology? In this chapter, the authors surveyed the strategic intent of 45 international banks for blockchain technology and analyzed the different business models that might facilitate a management transformation for the banking industry. They developed a taxonomy of five different business models. They were labeled as the following: the coordinators, the integrators, the solution providers, the disrupters, and the explorers.

scholarly journals Intelligent Micro Energy Grid in 5G Era: Platforms, Business Cases, Testbeds, and Next Generation Applications

Electronics ◽  
2019 ◽  
Vol 8 (4) ◽  
pp. 468 ◽  
Author(s):  
Kim ◽  
Jung ◽  
Chang ◽  
Choi
Keyword(s):  
Business Model ◽  
Communication Systems ◽  
Business Models ◽  
Big Data Analytics ◽  
Blockchain Technology ◽  
New Business ◽  
Business Cases ◽  
Service Oriented ◽  
Energy Grid ◽  
Grid Platform

As fifth-generation mobile communication systems give rise to new smart grid technologies, such as distributed energy resources, advanced communication systems, the Internet of Things, and big data analytics, the development of novel platforms and business models that ensure reliability and profitability of microgrid operations become increasingly important. In this study, we introduce an open micro energy grid platform to operate the widely distributed microgrids in Korea. Subsequently, we present commercial microgrid business models supported by the open micro energy grid platform equipped with an artificial intelligence engine and provide test results from testbeds connected to the platform. In contrast to the existing microgrid business models in the market, we propose a universal architecture and business model of the future microgrid, comprising (i) an energy robot-management operation business model, (ii) electric vehicle-based demand response, (iii) blockchain technology for energy trading, and (iv) a service-oriented business model. Finally, we propose a new business model for an intelligent virtual power plant (VPP) operator along with the architecture of the VPP and its proof of concept (PoC). We expect the proposed business model to provide energy solution providers with guidelines to develop various VPP services.

Crowdfunding y el financiamiento de pyme en Colombia

2017 ◽  
Vol 7 (12) ◽  
pp. 47
Author(s):  
Humbolth Antonio Pesca Gómez
Keyword(s):  
Business Model ◽  
Web Sites ◽  
Financial Services ◽  
Business Models ◽  
Banking Services ◽  
Services Sector ◽  
Financial Services Sector ◽  
The World ◽  
New Business ◽  
Technological Platforms

La financiación colectiva, alternativa o crowdfunding se ha catalogado como un fenómeno tecnológico, social y de emprendimiento, de muy rápido crecimiento en el sector de los servicios financieros y se proyecta como una alternativa a los servicios bancarios ofrecidos por la banca tradicional. Uno de los aspectos más destacables de este modelo financiero alternativo crowdfunding, es que es innovador, tanto en términos de modelos de negocio y de plataformas tecnológicas. Estos modelos operan exclusivamente en línea, en sitios web y se han diseñado de acuerdo a las necesidades del cliente y del inversor. Es una forma de respuesta a la coyuntura económica que sevive en el mundo, representada en el recorte de las fuentes de financiamiento a las Pyme, presentándose como una excelente alternativa en la obtención de recursos para el financiamiento de sus proyectos. Con este trabajo se busca entender el potencial de los modelos crowdfunding, como vehículo de financiación necesario para las Pyme.ABSTRACTThe collective, alternative financing or crowdfunding has been catalogued as atechnological, social and entrepreneurial phenomenon of very rapid growth in the financial services sector and is projected as an alternative to the banking services offered by traditional banks. One of the most outstanding aspects of this alternative business crowdfunding model is that it is innovative, both in terms of technological platforms and business models. These models operate exclusively online, on web sites and have been designed according to the needs of customer and investor. This new business model is a form of response to the economic situation that exists in the world, represented in cutting sources of financing to SMEs, presenting itself as an excellent alternative in obtaining resources to finance their projects. This work seeks tounderstand the potential of models crowdfunding, as a vehicle for financing necessary for SMEs. Fecha de recepción: 12 de septiembre de 2016Fecha de aprobación: 16 de noviembre de 2016Fecha de publicación: 6 de enero de 2017 

scholarly journals Decentralized Business Models: Impact of blockchain technology on business model generation

2019 ◽  
Vol 53 (4) ◽  
pp. 79-97
Author(s):  
Katarzyna Ciupa
Keyword(s):  
Business Model ◽  
International Organizations ◽  
Business Models ◽  
The Internet ◽  
Model Generation ◽  
Blockchain Technology ◽  
New Business ◽  
Private And Public ◽  
Complex Ecosystem ◽  
New Business Models

Even though blockchain technology, since its first presentation in the Bitcoin whitepaper, has received lots of attention from both individuals, or private and public international organizations, its development has not always been enthusiastically welcomed and often created more confusion than expected. Albeit currently almost everyone agrees that blockchain is (technology-wise) the great successor of the Internet, its tremendous potential is also highly challenging. Growing number of various constructs utilizing blockchain technology in a very innovative manner have emerged. However, they have also created a complex ecosystem with many initiatives being far away from the original blockchain proposition. As a result, it has become crucial to understand what blockchain technology has to offer, what kind of impact it could have on existing businesses, and whether blockchain allows new business models to be created. The aim of this paper is to discuss and evaluate both the blockchain’s potential, as well as its limitations and its implications for development and generation of business models.

scholarly journals Circular Economy Business Models with a Focus on Servitization

2020 ◽  
Vol 12 (21) ◽  
pp. 8799 ◽  
Author(s):  
Junghee Han ◽  
Almas Heshmati ◽  
Masoomeh Rashidghalam
Keyword(s):  
Business Model ◽  
Circular Economy ◽  
Business Models ◽  
Industrial Revolution ◽  
Service Model ◽  
Case Study Methodology ◽  
Business Modelling ◽  
New Business ◽  
Generation Network ◽  
The Right

During the fourth industrial revolution, based on information and communication technology (ICT), service-led growth has been an increasingly important development area. This paper focuses on service-led growth as an innovative business model in the circular economy and offers the ‘product as service model’. A business model needs to be flexibly adjustable for changes in the market in response to changes in technology, the economy, and the environment. For firms facing increasing scarcity of resources, the right business model for using resources is becoming crucial for their growth. In a circular economy, a new method of business modelling is essential. This paper introduces the ‘product as a service model’ using a conceptualized and case study methodology. We illustrate this innovative circular business model through product servitization at the Hyundai Automotive Enterprise in Korea. This business model can be effective because of emerging new ‘smart connected products’ such as the ‘internet of things’ and ‘fifth generation’ network technologies. Cost, convenience, and the circular economy for firms, consumers, and the environment are critical factors in this new business model.

scholarly journals Research on the Connotation and Business Model of Internet of Things under the Background of Globalization

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Yurong Chen
Keyword(s):  
Internet Of Things ◽  
Business Model ◽  
Socioeconomic Development ◽  
Business Models ◽  
Industrial Revolution ◽  
The Internet ◽  
Information Technology Industry ◽  
Technology Industry ◽  
New Business ◽  
The Internet Of Things

 With the advent of the fourth industrial revolution, the new generation of information technology industry represented by the Internet of Things has continually nurtured new business models and economic growth points, and created one after another IoT mythology, which greatly promoted the global socioeconomic development and transformation. IoT has increasingly become the new engine of the current global economic development. To this end, this paper starts with the concept and connotation of the Internet of Things, discusses the development and application of the global Internet of Things and the types and characteristics of the Internet of Things business model, and proposes the measures and countermeasures of the business model of the Internet of Things in the context of globalization.

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