scholarly journals Blockchain as a determinant of bitcoin value

2021 ◽  
Vol 1 (1) ◽  
Author(s):  
Robert W. Włodarczyk
Keyword(s):  
Financial Markets ◽  
Value Creation ◽  
Critical Analysis ◽  
Financial Innovation ◽  
Economic Effects ◽  
Distributed Data ◽  
Blockchain Technology ◽  
Public Data ◽  
The Subject ◽  
Currency Competition

The article discusses the determinants of the bitcoin (BTC) price value, with particular emphasis on blockchain technology. The method of critical analysis of the literature on the subject was applied, and the state of knowledge in this field was established by juxtaposing different views of researchers on the BTC price value. It has been proven that BTC, being unquestionably a financial innovation, has been subjected to a free valuation of its price in the markets. While observing the development of BTC quotations, potential causes of numerous fluctuations in its market valuation were searched for.               The article shows that the expectations related to the use of BTC are relatively highly valued by investors in modern financial markets. A more efficient currency, competition between currencies or the provision of new technological solutions may bring benefits to markets and economies, which, discounted at the present time, generate a certain value. Therefore, the paper shows that the BTC value creation mechanism is therefore different from that of fiat currencies. It has also been confirmed that the promotion of one of the most popular distributed data registers, which is blockchain, is of great value for BTC. BTC has led to the development of blockchain technology that is used in various segments of the economy.               Basing BTC's operation on a public data register is the strength of the entire BTC network, but it also brings many risks and uncertainties. Further, research should focus on searching for the economic effects that result from the development of blockchain technology in modern economies.

scholarly journals An Investigation of Fiat Characterization and Evolutionary Dynamics of the Cryptocurrency Market

SAGE Open ◽  
2021 ◽  
Vol 11 (1) ◽  
pp. 215824402199480
Author(s):  
Cem Cagri Donmez ◽  
Doruk Sen ◽  
Ahmet Fatih Dereli ◽  
M. Bilal Horasan ◽  
Cagri Yildiz ◽  
...  
Keyword(s):  
Financial Markets ◽  
Evolutionary Dynamics ◽  
Minimum Spanning Tree ◽  
Hierarchical Tree ◽  
Finance Industry ◽  
Blockchain Technology ◽  
Different Types ◽  
Recent Developments ◽  
Tree Methods ◽  
The Subject

Recent developments in global financial markets revealed that cryptocurrencies experienced rapid growth due to the popularity of blockchain technology and its evolving position in the digital finance industry. The rise of cryptocurrencies led economists to question generally accepted financial practices. Particularly the interaction between two different types of financial markets arose as a hot research topic to discover specific relationships and differences between major cryptocurrencies and fiat currencies. Therefore, this article aims to examine analyze by attaching importance to the Bitcoin to investigate significant linkages and analyze critical direct and indirect connections. In this research, Bitcoin—which is known as the most prominent cryptocurrency on the market—and 50 different conventional currencies are taken into consideration by applying cross-correlation, HT (hierarchical tree), and MST (minimum spanning tree) methods. The results of this work can be utilized by academicians and economists for further research related to the subject.

Part V New Financial Technology in Financial Markets and Infrastructure, 14 Fintech and Financial Markets Infrastructure—A Legal and Regulatory Perspective

2021 ◽  
Author(s):  
Perkins Joanna
Keyword(s):  
Technological Change ◽  
Financial Markets ◽  
Data Storage ◽  
Peer To Peer ◽  
Distributed Data ◽  
Distributed Data Storage ◽  
Applicable Law ◽  
Blockchain Technology ◽  
Regulatory Perspective ◽  
Securities Trading

This chapter explores the potential and challenges faced by blockchain technology in the context of six key activities: payment services, securities trading, securities clearing, securities settlement, custody, and the trading of derivatives. It describes each of the six key activities and the law as it currently stands, the potential for technological change, and the ways in which the applicable law and regulation might need to be amended or supplemented. It also explains blockchain as a specific application of a technology known as Distributed Ledger Technology (DLT) that relies on peer—to—peer networking, distributed data storage, and cryptography. This chapter refers to both the general technology and the specific application as DLT. It also mentions hash as the immutable cryptographic signature that records transactions in the blockchain.

scholarly journals An analysis of open data as a location factor

2021 ◽  
Vol 129 ◽  
pp. 02002
Author(s):  
Sebastian Block ◽  
Neele Hiemesch-Hartmann
Keyword(s):  
Value Creation ◽  
Open Data ◽  
Value Added ◽  
Data Bank ◽  
Economic Effects ◽  
Published Data ◽  
Location Factor ◽  
Publication Strategy ◽  
Location Determination ◽  
Public Data

Research background: The publication of data in Germany introduces a paradigm shift in public administrations. The data silos of the administrations are thus being opened up piece by piece. There are many possible applications for these data. Optimized location determination for trade, production, and services is one of these many possible applications. It has been shown that the provision of open data can achieve economic effects and set value chains in motion. The value creation effects can arise directly, indirectly, or downstream. Public data can thus become a relevant location factor for regions and cities. Purpose of the article: The various implications of opening up data in context with location determination will be examined in this article. This will be done from an economic perspective, highlighting the positive externalities of open data. Methods: The published data of administrations will be analyzed based on a German data bank of 12,020 datasets concerning their relevance for determining location. For this purpose, hard and soft location criteria will be defined in advance. Findings & Value added: The result of the study will be a newly developed publication strategy for German public administrations on location criteria. With the help of this publication strategy, open data should function as a location advantage and initiate value creation effects.

scholarly journals Cryptocurrencies and blockchain – challenges and threats

2021 ◽  
Vol 1 (1) ◽  
Author(s):  
Kamil Jurczyk
Keyword(s):  
Critical Analysis ◽  
Daily Life ◽  
Legal Aspects ◽  
Economic Life ◽  
The Other ◽  
Digital Currency ◽  
Blockchain Technology ◽  
The World ◽  
The Subject ◽  
Descriptive Method

In recent years, one of the most frequently discussed aspects in the world of economics has been the use of blockchain technology in economic life and the growing popularity of cryptocurrencies. Both blockchain and cryptocurrencies have incredible potential, and it is only a matter of time before they become part of daily life. The world's largest companies regularly invest in projects related to cryptocurrencies and blockchain. On the other hand, some countries have decided to ban all private cryptocurrencies and instead develop their own concepts of a digital currency issued by a central bank. This paper aims to discuss the issues related to the potential and threats posed by the development of cryptocurrencies and blockchain technology. The analysis involves technical, social and legal aspects linked to the development of virtual money. All the considerations in the paper are based on a critical analysis of the literature on the subject and the descriptive method.  

Planification: Potential and role in XXI century market economy

2016 ◽  
pp. 63-80 ◽  
Author(s):  
A. Buzgalin ◽  
A. Kolganov
Keyword(s):  
Economic Development ◽  
20Th Century ◽  
Market Economy ◽  
Critical Analysis ◽  
New Economy ◽  
Real Socialism ◽  
The Subject ◽  
Planning Institutions

The authors, basing on a critical analysis of the experience of planning during the 20th century in a number of countries of Europe and Asia, and also on the lessons from the economics of "real socialism", set out to substantiate their conclusions on the advisability of "reloading" this institution. The aim is to create planning mechanisms, suited to the new economy, that incorporate forecasting, projections, direct and indirect selective regulation and so forth into integral programs of economic development and that set a vector of development for particular limited spheres of what remains on the whole a market economy. New planning institutions presuppose a supersession of the forms of bureaucratic centralism and a reliance on network forms of organization of the subject and process of planning.

Activity of public control entities and development of distributed computing and distributed data storage systems

2018 ◽  
pp. 14-22
Author(s):  
D. V. Gribanov
Keyword(s):  
Distributed Computing ◽  
Data Storage ◽  
Storage Systems ◽  
Legal Regulation ◽  
Distributed Data ◽  
Distributed Data Storage ◽  
Public Control ◽  
Blockchain Technology ◽  
Legal Method ◽  
Digital Assets

Introduction. This article is devoted to legal regulation of digital assets turnover, utilization possibilities of distributed computing and distributed data storage systems in activities of public authorities and entities of public control. The author notes that some national and foreign scientists who study a “blockchain” technology (distributed computing and distributed data storage systems) emphasize its usefulness in different activities. Data validation procedure of digital transactions, legal regulation of creation, issuance and turnover of digital assets need further attention.Materials and methods. The research is based on common scientific (analysis, analogy, comparing) and particular methods of cognition of legal phenomena and processes (a method of interpretation of legal rules, a technical legal method, a formal legal method and a formal logical one).Results of the study. The author conducted an analysis which resulted in finding some advantages of the use of the “blockchain” technology in the sphere of public control which are as follows: a particular validation system; data that once were entered in the system of distributed data storage cannot be erased or forged; absolute transparency of succession of actions while exercising governing powers; automatic repeat of recurring actions. The need of fivefold validation of exercising governing powers is substantiated. The author stresses that the fivefold validation shall ensure complex control over exercising of powers by the civil society, the entities of public control and the Russian Federation as a federal state holding sovereignty over its territory. The author has also conducted a brief analysis of judicial decisions concerning digital transactions.Discussion and conclusion. The use of the distributed data storage system makes it easier to exercise control due to the decrease of risks of forge, replacement or termination of data. The author suggests defining digital transaction not only as some actions with digital assets, but also as actions toward modification and addition of information about legal facts with a purpose of its establishment in the systems of distributed data storage. The author suggests using the systems of distributed data storage for independent validation of information about activities of the bodies of state authority. In the author’s opinion, application of the “blockchain” technology may result not only in the increase of efficiency of public control, but also in the creation of a new form of public control – automatic control. It is concluded there is no legislation basis for regulation of legal relations concerning distributed data storage today.

scholarly journals Impact of Demerger on Shareholders’ Wealth

2009 ◽  
Vol 1 (1) ◽  
Author(s):  
Ranjit SINGH ◽  
Amalesh BHOWAL ◽  
Varun BAWARI
Keyword(s):  
Value Creation ◽  
Stock Exchange ◽  
Specific Character ◽  
Average Price ◽  
Share Prices ◽  
The Subject ◽  
Time Specific ◽  
Almost All ◽  
Total Wealth

Purpose – The purpose of this paper is to investigate the change in the level of the wealth of the shareholders’ before the demerger and after the demerger.Design/methodology/approach – In the present study the data relating to share prices has been taken from the official website of Bombay Stock Exchange. Here the average of the six months price of the demerged company before demerger and average six months price or the average price upto 31st of July, 2007 has been collected of demerged and resultant company after demerger. Findings – It is found that after demerger there is increase in the total wealth of the shareholders in almost all the cases.Research limitations/implications – Given the nature of this study, generalizations cannot be made as the study is conducted in a bullish market. The time specific character of the subject matter is an opportunity for future longitudinal research.Practical implications – Presently de-mergers are creating enormous wealth for shareholders. It is because of the negative synergy. Due to the demerger this negative synergy is removed and the value is unlocked. However, Investors should differentiate between genuine attempts at value creation and de-mergers undertaken to create hype around the stocks. Stay away from dubious companies that want to manipulate prices. Investors should focus on the quality of management and corporate governance record of the companyOriginality/value – The study is the first of its kind and hence original in nature.Article Type: Research paperKeyword(s): Demerger, Demerged Company, Resultant Company, Negative Synergy, Shareholders Wealth.

Insanity and Divorce

1892 ◽  
Vol 38 (162) ◽  
pp. 378-382
Author(s):  
A. Wood Renton
Keyword(s):  
Critical Analysis ◽  
Historical Development ◽  
The Subject ◽  
The Law

In view of the interest which the subject is at present arousing, a critical analysis of the historical development of the law of insanity in its relation to divorce may be neither inopportune nor uninstructive.

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