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1
Naik, Shruti, Rucha Bhujbal, Tejas Chavan, Shubham Nishad, and Aayush Mishra. "Decentralized Asset Marketplace." International Journal for Research in Applied Science and Engineering Technology 11, no. 5 (May 31, 2023): 1289–97. http://dx.doi.org/10.22214/ijraset.2023.51735.
Анотація:
Abstract: The decentralized asset marketplace is a cutting-edge platform that simplifies the buying and selling of non-fungible tokens (NFTs) by providing a secure and transparent peer-to-peer trading platform. The marketplace is built on the Ethereum blockchain, ensuring that transactions are immutable, secure, and transparent. It allows users to buy, sell and trade NFTs using cryptocurrencies such as Ethereum and Bitcoin. The smart contract that powers the platform defines a MarketItem struct that represents an NFT on sale and has several functions to support trading. The platform is designed to provide a seamless user experience with fast and efficient transactions, and performance enhancements such as using IPFS to store NFT metadata. The platform's benefits include increased security, transparency, and cost-effectiveness, making it a significant breakthrough in the world of NFT trading. Overall, the decentralized asset marketplace provides a safe, secure, and efficient way for users to trade NFTs without intermediaries or complex transaction processes.
2
Hugonnier, Julien, Benjamin Lester, and Pierre-Olivier Weill. "Heterogeneity in decentralized asset markets." Theoretical Economics 17, no. 3 (2022): 1313–56. http://dx.doi.org/10.3982/te4796.
Анотація:
We study a canonical model of decentralized exchange for a durable good or asset, where agents are assumed to have time‐varying, heterogeneous utility types. Whereas the existing literature has focused on the special case of two types, we allow agents' utility to be drawn from an arbitrary distribution. Our main contribution is methodological: we provide a solution technique that delivers a complete characterization of the equilibrium, in closed form, both in and out of the steady state. This characterization offers a richer framework for confronting data from real‐world markets and reveals a number of new economic insights. In particular, we show that heterogeneity magnifies the impact of frictions on equilibrium outcomes and that this impact is more pronounced on price levels than on price dispersion and welfare.
3
Rajashekarappa, Dr, Gautam Hegde, Gowtam Anant Hegde, Tanishq Hegde K. S, and Vishal Kattimani. "Decentralized E-Commerce for Digital Assets." International Journal for Research in Applied Science and Engineering Technology 12, no. 3 (March 31, 2024): 2098–102. http://dx.doi.org/10.22214/ijraset.2024.59283.
Анотація:
Abstract: In the digital age, the creation and exchange of digital assets have become integral to various domains, including art, music, education, and more. However, the existing centralized marketplaces for these digital assets pose significant challenges, such as high fees, cross-border transaction delays, and limited control for creators and artists. This project introduces a gamechanging solution – a Decentralized E-Commerce platform powered by ERC1155 tokens. The project scope encompasses a comprehensive range of functionalities, including digital asset listing, buying, selling, and secure transaction processing. It aims to create a user-friendly interface that reduces the complexities and costs associated with traditional centralized marketplaces. Moreover, the platform extends its impact across various domains, from music distribution and licensing to educational material sales and NFT marketplaces. It simplifies cross-border e-commerce for digital goods, ensuring secure transactions without the need for currency conversion. The platform's adaptability opens new horizons for creators and entrepreneurs in the digital asset space.
4
Bustomi, Yazid, and Yudho Taruno Muryanto. "THE IDEAL LEGAL REGULATION FOR DECENTRALIZED FINANCE AS THE DEVELOPMENT OF INDONESIA CRYPTO ASSET TRADING." Jurnal Pembaharuan Hukum 9, no. 3 (February 2, 2023): 461. http://dx.doi.org/10.26532/jph.v9i3.21245.
Анотація:
Decentralized Finance (DeFI) has positively impacted the development of crypto asset trading and has been adopted by various countries except for Indonesia. This study aims to identify the urgency of regulating DeFi as the development of crypto asset trading in Indonesia and construct the ideal regulation. This research is normative legal research with a statutory and conceptual approach. The research results stated the urgency of regulating DeFi as the development of crypto asset trading is: a) other countries have used DeFi because it can develop crypto asset trading for the better by creating value stability in crypto assets, having a function for lending and borrowing crypto assets, having transparency in transactions and lower crypto asset trading fees; b) DeFi technology adopted in the development of the Digital Rupiah project by BI and adopted by physical traders of crypto assets in Indonesia; c) as a form of legal protection from risks arising from technical or non-technical negligence or intention to protection from crime. Ideal legal regulation for decentralized finance as the development of Indonesia crypto asset trading is the formation of a regulation by CoFTRA in the form of technical guidelines and implementation mechanisms, in the form of a new written CoFTRA Regulation, in the form of a decree from the Head of CoFTRA whose focus is to regulate DeFi as development Crypto asset trading.
5
Andryushin, S. A. "Tokenization of real assets: classification, platforms, applications, opportunities and challenges of development." Russian Journal of Economics and Law 18, no. 1 (March 18, 2024): 88–104. http://dx.doi.org/10.21202/2782-2923.2024.1.88-104.
Анотація:
Objective: literature review and basic characteristics of the asset tokenization; clarification of the types of token classification; identification of the stages of modeling the asset tokenization; analysis of applications of decentralized finance ecosystem protocols; study of the opportunities and systemic advantages of asset tokenization; presentation of the problems arising in the asset tokenization; analysis of the factors of asset tokenization efficiency growth.Methods: the article uses empirical, historical, logical, country-specific, corporate, comparative and statistical methods of economic analysis to study the peculiarities of the asset tokenization development in the digital transformation of modern economy.Results: the basic characteristics of the asset tokenization are disclosed; the types of standardized tokens involved in the asset tokenization are defined; the stages of the asset tokenization development are considered; the options of using decentralized finance applications under asset tokenization are shown; the opportunities of tokenization through the new forms of investment, increased financial accessibility, transparency and componentization of tokenized assets are studied; the problems of tokenization are analyzed; the factors of asset tokenization efficiency growth under the cross-chain compatibility of different types of blockchains are analyzed. Scientific novelty: the article shows that asset tokenization is a process of accounting and asset management transformation, in which each asset is represented in the form of a programmable digital token; tokenization is a new form of creating additional liquidity by expanding the circulation of idle illiquid assets. Tokenization guarantees greater transparency regarding the rights to real assets and the history of ownership of these rights; it contributes to transaction efficiency by reducing transaction costs, including costs associated with management, token issuance and possible forms of intermediation. By accessing the applications of the DeFi ecosystem, it allows the expansion of financial market potential through the fragmentation and compartmentalization of tokenized assets. All the challenges in the asset tokenization are related to the blockchain trilemma, where decentralization, security and scalability cannot be implemented together. The blockchain trilemma is now becoming a set of possible trade-offs that can preserve all three properties of the blockchain, but at different levels of compatibility. To form a set of possible trade-offs, it is necessary to develop a theory of interoperability, which should be built on the compatibility of factors such as anonymity and privacy, security and preservation of rights to tokenized assets.Practical significance: the main provisions and conclusions of the article can be used: to develop scenarios for the asset tokenization development under the digital transformation of modern economy; to analyze the applications of the decentralized finance ecosystem protocols; to increase the efficiency of asset tokenization under the cross-chain compatibility of different types of blockchains; to study additional opportunities and systemic advantages as a result of fragmentation and compatability of tokenized assets; to study the problems arising in the asset tokenization; and to search for additional growth factors for the asset tokenization efficiency.
6
Jain, Apurva, Prachi Goel, Yugansh Arora, Shivam Gupta, Sumit Mehta, and Vaibhav Singh. "A Deep Dive into The World of NFT Market Place: Exploring Horizons." International Journal for Research in Applied Science and Engineering Technology 11, no. 12 (December 31, 2023): 2051–58. http://dx.doi.org/10.22214/ijraset.2023.57769.
Анотація:
Abstract: In an era increasingly dominated by digital interactions, the secure management and exchange of digital assets have emerged as critical challenges. This research project aims to tackle these challenges through the development of a decentralized application (dApp) that harnesses the capabilities of blockchain technology, specifically focusing on the realm of Non-Fungible Tokens (NFTs). The dApp encompasses essential features, including secure wallet connections, NFT image generation, minting, marketplace functionality, and profile management. The back-end infrastructure of the dApp is implemented on the Goerli testnet, utilizing Solidity-based smart contracts. Decentralized storage is facilitated through IPFS, while front-end development is executed using nextJs/ReactJS/EtherJS.This project seeks to contribute to the broader discourse on secure digital asset management by presenting a comprehensive exploration of the methodologies, technologies, and outcomes involved in the creation of this decentralized application. The research delves into the theoretical foundations, design intricacies, and practical implications of the dApp, offering insights into its performance, security, and potential impact on the evolving landscape of digital asset management. Through the integration of decentralized technologies and innovative features, our dApp endeavors to provide a secure and efficient solution for the contemporary challenges associated with the trade and management of digital assets.
7
Badgujar, Hrushikesh, Akash Patil, Niraj Rane, Yash Apte, and Prof Mohini Avatade. "A Decentralized Asset Tokenization System using Ethereum." International Journal for Research in Applied Science and Engineering Technology 10, no. 5 (May 31, 2022): 2607–9. http://dx.doi.org/10.22214/ijraset.2022.42544.
Анотація:
Abstract: Real estate is one of the most trusted investments that people have preferred. It provides a steady source of income which can be in the form of rent as well as lease. There are a number of advantages, but one of the key disadvantages of real estate investments is illiquidity. Although the global real estate investments are twice the size of investments in the equity markets, the number of investors in the real estate market is remarkably lower. Blockchain technology has real potential to solve the issues of illiquidity and transparency, and most importantly, it opens this very market to the retail investors as well. By creating Security Tokens, which are backed by real-world assets, real estate can be made more liquid with the help of Special Purpose Vehicles. These security tokens, which represent fractional ownership of the real estate can be traded by a trader / investor and these tokens can be listed on legitimate secondary exchanges. The robustness of Smart Contracts can be very efficient in transferring of tokens and also provide a seamless distribution of earnings amongst the investors / traders. This work describes Ethereum blockchain based solutions has the potential to make the existing Real Estate investment system much more efficient and reliable. Keywords: Tokenization , Blockchain , Fungible Assets, Tokens, Special Purpose Vehicle, Smart Contracts, Liquidity, Security Tokens,
8
Ebrahimy, Ehsan. "Inefficient Fire-Sales in Decentralized Asset Markets." IMF Working Papers 19, no. 92 (2019): 1. http://dx.doi.org/10.5089/9781498303804.001.
9
Üslü, Semih. "Pricing and Liquidity in Decentralized Asset Markets." Econometrica 87, no. 6 (2019): 2079–140. http://dx.doi.org/10.3982/ecta14713.
Анотація:
I develop a search‐and‐bargaining model of endogenous intermediation in over‐the‐counter markets. Unlike the existing work, my model allows for rich investor heterogeneity in three simultaneous dimensions: preferences, inventories, and meeting rates. By comparing trading‐volume patterns that arise in my model and are observed in practice, I argue that the heterogeneity in meeting rates is the main driver of intermediation patterns. I find that investors with higher meeting rates (i.e., fast investors) are less averse to holding inventories and more attracted to cash earnings, which makes the model corroborate a number of stylized facts that do not emerge from existing models: (i) fast investors provide intermediation by charging a speed premium, and (ii) fast investors hold more extreme inventories. Then, I use the model to study the effect of trading frictions on the supply and price of liquidity. On social welfare, I show that the interaction of meeting rate heterogeneity with optimal inventory management makes the equilibrium inefficient. I provide a financial transaction tax/subsidy scheme that corrects this inefficiency, in which fast investors cross‐subsidize slow investors.
10
Lee, Minho, Roy H. Kwon, Chi-Guhn Lee, and Hassan Anis. "Decentralized strategic asset allocation with global constraints." Journal of Asset Management 19, no. 1 (July 31, 2017): 13–26. http://dx.doi.org/10.1057/s41260-017-0057-4.
11
Phatangare, Sheetal Atul, Sangita Maheshwar Jaybhaye, Vaishali Savale, Aryan Vimal, Avish Agrawal, and Raghav Bajaj. "DStore: Blockchain-Powered Decentralized Cloud Mesh." International Journal on Recent and Innovation Trends in Computing and Communication 11, no. 11s (October 7, 2023): 291–301. http://dx.doi.org/10.17762/ijritcc.v11i11s.8101.
Анотація:
Data is a critical asset for any company, as well as for any individual as well, but it is also vulnerable to attack. In the last few years, we have seen an alarming increase in data breaches that have compromised millions of accounts and resulted in billions of dollars lost. But how do you protect something so sensitive? In response to this, we propose our Project. This project focuses on developing a Decentralized Cloud Storage to store and secure data. You don't access data simply specifying 'where it is' in Decentralised Cloud Storage. Instead, you define 'what it is'. Because data is distributed throughout a global network rather than being stored in a specific location, the concept of location is rendered obsolete in decentralised cloud storage.
12
Shojaei, Alireza, Jun Wang, and Andriel Fenner. "Exploring the feasibility of blockchain technology as an infrastructure for improving built asset sustainability." Built Environment Project and Asset Management 10, no. 2 (November 12, 2019): 184–99. http://dx.doi.org/10.1108/bepam-11-2018-0142.
Анотація:
Purpose The purpose of this paper is to show the feasibility of blockchain technology to perform as an infrastructure for improving built asset sustainability by providing all the necessary information for better decision making at all the stages of its life cycle. Design/methodology/approach Blockchain technology can be used as a tool to build a reliable and secure decentralized information system to capture and disseminate all the data required for different sustainability assessment models. A model is designed and tested through a synthetic scenario to substantiate the research objective with empirical work. Findings It is shown that blockchain can revolutionize the current state of knowledge for long-term sustainability thinking and provide necessary information in different stages of the life cycle of a built asset. With the proposed decentralized, transparent and comprehensive database using blockchain, the life cycle assessment methods can become much more inclusive and reliable. The new holistic analysis of the built asset sustainability enables better decision making in design, build, operation and demolition of each asset. Originality/value This paper proposes and tests a model for using blockchain as an infrastructure to support built asset sustainability. Practitioners from different backgrounds at different stages of a built asset life cycle can use such a network to make better decisions and better assess the sustainability of their built assets.
13
Tarhini, Mahmoud. "Application of asset tokenization, smart contracts and decentralized finance in agriculture." Journal of Financial Studies 6, no. 10 (May 15, 2021): 152–63. http://dx.doi.org/10.55654/jfs.2021.6.10.11.
Анотація:
"This is a study for applying Decentralized Finance (DeFi) operations in a real life Agricultural finance application focusing on how assets tokenization in general and crop insurance in particular may take advantage of fundraising, global capital markets, atomic swap operations over blockchain and finally peer-to-peer trading without intermediaries under standardized regulations and revolutionary custodial services. Descriptive statistical data presentations such as graphs and tables are used to do the analysis and evaluate the development of the sector. The paper is exploring the boundaries and the depth of Decentralized Finance while focusing on Asset Tokenization Application that are being deployed mainly in different agri-businesses starting with crop insurance and ending up with tokenizing the products over blockchain. In conclusion, asset tokenization as a representational digital asset for a traditional financial instrument is becoming an increasingly important part of modern finance and “blockchainization” of the real world. This paper addresses how agriculture sector as production sector can use asset tokenization in securing the crops by smart contracts and issuing digital tokens to fundraising for micro-insurance. Also, using blockchain to tokenize the crops for future contracts while in the same time boosting the efficiency of the agribusiness finance, crop insurance, trading in primary and secondary markets as well as exploring new markets without intermediaries, are aspects that are found in the present research."
14
AWASTHI, VIMAL. "Blockchain Revolution in Asset Management: A Comprehensive Analysis and Implementation Framework." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 05 (June 2, 2024): 1–5. http://dx.doi.org/10.55041/ijsrem35343.
Анотація:
A project that presents the harnesses blockchain technology to develop a Token Asset Management System (TAMS) aimed at revolutionizing conventional asset management practices. TAMS leverages the decentralized and transparent nature of blockchain to create digital tokens representing ownership or rights to various assets. These tokens enable fractional ownership, streamlined trading, and automated execution of smart contracts for dividends and voting. The project's primary objectives are to enhance efficiency, security, and transparency in asset management. By digitizing assets and recording transactions on an immutable ledger, TAMS reduces the need for intermediaries, minimizes administrative costs, and ensures auditability. Smart contracts automate key processes, improving accuracy and trust among participants. The project's implementation involves selecting an appropriate blockchain platform, designing token standards, creating an intuitive user interface, and adhering to regulatory requirements. The potential challenges of scalability and legal compliance are also considered. In summary, the Token Asset Management project exemplifies blockchain's potential to transform asset management. Through tokenization and blockchain's features, TAMS aims to establish a modernized ecosystem that offers efficient, secure, and transparent asset management solutions.
15
ODINTSOV, S. V., and O. I. ZYRYANOVA. "TOKENS AND DECENTRALIZED FINANCE: LEGAL REGULATION SPECIFICITY IN THE SWISS CONFEDERATION." Economic Problems and Legal Practice 19, no. 3 (June 28, 2023): 59–67. http://dx.doi.org/10.33693/2541-8025-2023-19-3-59-67.
Анотація:
Digital technologies have long been an integral part of economic and social relations. For example, it’s difficult to imagine modern society without various alternative means of payment. The widespread distribution of tokens and the development of cryptocurrency markets have significantly influenced the further development of the economy and law. Many loyal jurisdictions for the development of crypto business, such as the Swiss Confederation, in an effort to gain influence on the crypto asset market, adapt legislation regarding the regulatory regulation of digital (virtual) assets. The purpose of the study is to consider the current trends in the legal regulation of tokens in Switzerland under the influence of global trends in the crypto market, taking into account classification approaches. As a result of the conducted research, it became obvious that Switzerland, as the so-called «European crypto valley», seeks to provide a solid legal basis for the effective use of distributed registry technology and the widespread use of crypto assets. However, despite the constant development of legislation in terms of regulating the circulation of crypto assets and ensuring law enforcement practice in this area, the Swiss Confederation is currently still in the process of forming a holistic legal regulation of asset tokenization, since the adopted regulations regulate only certain aspects of the circulation of crypto assets and ICO.
16
Iacopetta, Maurizio, and Raoul Minetti. "ASSET DYNAMICS, LIQUIDITY, AND INEQUALITY IN DECENTRALIZED MARKETS." Economic Inquiry 57, no. 1 (September 21, 2018): 537–51. http://dx.doi.org/10.1111/ecin.12721.
17
Lee, Minho, Roy H. Kwon, and Chi-Guhn Lee. "Bounds for portfolio weights in decentralized asset allocation." INFOR: Information Systems and Operational Research 54, no. 4 (October 2016): 344–54. http://dx.doi.org/10.1080/03155986.2016.1231493.
18
Kumar, Mr P. Veeresh. "DIGITAL ASSETS MARKET HUB." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 03 (March 30, 2024): 1–5. http://dx.doi.org/10.55041/ijsrem29856.
Анотація:
Block chain technology, non-fungible tokens (NFTs), and cryptocurrency have all contributed to the explosive rise of the digital assets sector. The dynamic and cutting-edge digital asset marketplace shown in this abstract is intended to satisfy the various demands of traders, investors, and enthusiasts in the digital asset market. The marketplace offers a user-friendly and safe platform for purchasing, selling, and managing different digital assets, and it is distinguished by its user-centric approach. It offers real-time market data, order book information, and robust analytical capabilities for well-informed decision-making, all with an intuitive interface that streamlines asset transactions. The ability to move assets seamlessly between blockchain networks, multi factor authentication, cold storage, and complex trading algorithms that optimise trading tactics are some of the key characteristics. ----------------------------------------------------------------------------------------------------------------------------------- Keywords Blockchain, Smart Contract, Ethereum, Transparency, Data sharing, Privacy, Byzantine fault tolerance, decentralized systems.
19
Rostek, Marzena, and Ji Hee Yoon. "Innovation in Decentralized Markets: Technology versus Synthetic Products." American Economic Journal: Microeconomics 16, no. 1 (February 1, 2024): 63–109. http://dx.doi.org/10.1257/mic.20220138.
Анотація:
Advances in market-clearing technology for multiple assets and synthetic products present alternative ways to leverage complementarities and substitutabilites in asset payoffs. This paper compares their equilibrium and welfare effects. In competitive markets, either instrument can mimic the efficient design. When traders have price impact, however, synthetic products and market-clearing technology provide separate instruments for impacting markets’ performance and can generate synergies or trade-offs. Neither instrument can generally reproduce the other’s payoffs state by state. Moreover, innovation in market clearing renders additional synthetic products nonredundant. Our analysis points to the advantages of each type of innovation while also exposing potential risks. (JEL D44, D47, G11, G12, G13, O31)
20
Karakostas, Ioannis, and Konstantinos Pantelidis. "DAO Dynamics: Treasury and Market Cap Interaction." Journal of Risk and Financial Management 17, no. 5 (April 25, 2024): 179. http://dx.doi.org/10.3390/jrfm17050179.
Анотація:
This study examines the dynamics between treasury and market capitalization in two Decentralized Autonomous Organization (DAO) projects: OlympusDAO and KlimaDAO. This research examines the relationship between market capitalization and treasuries in these projects using vector autoregression (VAR), Granger causality, and Vector Error Correction models (VECM), incorporating an exogenous variable to account for the comovement of decentralized finance assets. Additionally, a Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model is employed to assess the impact of carbon offset tokens on KlimaDAO’s market capitalization returns’ conditional variance. The findings suggest a connection between market capitalization and treasuries in the analyzed projects, underscoring the importance of the treasury and carbon offset tokens in impacting a DAO’s market capitalization and variance. Additionally, the results suggest significant implications for predictive modeling, highlighting the distinct behaviors observed in OlympusDAO and KlimaDAO. Investors and policymakers can leverage these results to refine investment strategies and adjust treasury allocation strategies to align with market trends. Furthermore, this study addresses the importance of responsible investing, advocating for including sustainable investment assets alongside a foundational framework for informed investment decisions and future studies in the field, offering novel insights into decentralized finance dynamics and tokenized assets’ role within the crypto-asset ecosystem.
21
Gavazza, Alessandro. "An Empirical Equilibrium Model of a Decentralized Asset Market." Econometrica 84, no. 5 (2016): 1755–98. http://dx.doi.org/10.3982/ecta10847.
22
Maurya, Tushar, Saurav Kumar Singh, Vikram Thakur, and Sachin Chawla. "Blockchain-Based Decentralized NFT Marketplace For New Fine Art." International Journal of Innovative Research in Engineering and Management 11, no. 3 (June 2024): 5–10. http://dx.doi.org/10.55524/ijirem.2024.11.3.2.
Анотація:
Nonfungible tokens (NFTs) are distinct digital assets that provide digital content ownership and legitimacy. An NFTs Market is a blockchain-based platform that makes it easier to create, trade, and collect NFTs. This article delves into the NFT Marketplace and its blockchain technology, highlighting its tokenization capabilities for any type of property, its ability to create smart contracts with flexibility, and its promotion of NFTs with quick and inexpensive exchanges. The pros and cons of the platform are also covered, including issues with scalability, user-friendliness, and fraud susceptibility. The appearance of non-fungible tokens (NFTs) for artists and content providers has ushered in a new era of unexpected opportunities for financial freedom and reimbursement in the digital art business!! This article describes the developmental importance of the NFT markets, which allow artists to sell their products directly to customers, bypassing traditional intermediaries like galleries and auction houses. The first abstract describes the NFT market's exponential growth and demonstrates how it may become a valuable source of income for talented individuals. It is written from two distinct points of view. Meanwhile, the second abstract highlights NFTs in particular and introduces OpenNFT, A decentralized web app that offers safe and effective digital asset management by fusing deep learning models with blockchain technology!! This web application integrates features including minting, markets, safe wallet connections, NFTs image creation, and profile management to show how deep learning and blockchain technology can transform digital asset administration.
23
Sharma, Nishi, Shailika Rawat, and Arshdeep Kaur. "Investment in Virtual Digital Assets Vis-A-Vis Equity Stock and Commodity: A Post-Covid Volatility Analysis." Virtual Economics 5, no. 2 (September 28, 2022): 95–113. http://dx.doi.org/10.34021/ve.2022.05.02(5).
Анотація:
Virtual digital assets including cryptocurrencies, non-fungible tokens and decentralized financial asset have been initially used as an alternative currency but are currently being purchased as an asset and hedging instruments. Exponentially growing trading volume witnesses the growing inclination of investors towards these assets, and this calls for volatility analysis of these assets. In this reference, the present study assessed and compared the volatility of returns from investment in virtual digital assets, equity and commodity market. Daily closing prices of selected cryptocurrencies, non-fungible tokens and decentralized financial assets, stock indices and commodities have been analysed for the post-covid period. Since returns were observed to be heteroscedastic, autoregressive conditional heteroscedastic models have been used to assess the volatility. The results indicate a low correlation of commodity investment with all other investment opportunities. Also, Tether and Dai have been observed to be negatively correlated with stock market. This indicates the possibility of minimizing risk through portfolio diversification. In terms of average returns, virtual digital assets are discerned to be better options than equity stock or commodity yet the variance scenario of these investment avenues is not very rosy. The volatility parameters reveal that unlike commodity market, virtual digital assets have got a significant impact of external shocks in the short-run. Further, the long run persistency of shocks is observed to be higher for the UK stock market, followed by Ethereum, Tether and Dai. The present analysis is crucial as the decision about its acceptance as legal tender money is still sub-judice in some countries. The results are expected to provide insight to regulatory bodies about these assets.
24
Singla, Arun. "The Role of Premium Domains, COREDAO VIP Token, and 9NFTMania in the CORE Blockchain Ecosystem." Scientific Journal of Metaverse and Blockchain Technologies 2, no. 2 (July 1, 2024): 13–20. http://dx.doi.org/10.36676/sjmbt.v2.i2.27.
Анотація:
The CORE blockchain ecosystem has witnessed significant advancements with the integration of premium domains, the COREDAO VIP token, and the rise of 9NFTMania. This paper explores their individual and collective impacts on decentralized finance (DeFi), governance, and digital asset ownership within the CORE blockchain. Analyzing their functionalities, economic implications, and future prospects sheds light on their transformative roles in shaping the decentralized landscape.
25
Funmilola Olatundun Olatoye, Oluwafunmi Adijat Elufioye, Chinwe Chinazo Okoye, Ekene Ezinwa Nwankwo, and James Olakunle Oladapo. "Blockchain in asset management: An extensive review of opportunities and challenges." International Journal of Science and Research Archive 11, no. 1 (February 28, 2024): 2111–19. http://dx.doi.org/10.30574/ijsra.2024.11.1.0280.
Анотація:
Blockchain technology has emerged as a transformative force within the financial sector, particularly in asset management. This paper provides a comprehensive review of the opportunities and challenges associated with integrating blockchain in asset management practices. The opportunities presented by blockchain in asset management are multifaceted. The decentralized and immutable nature of blockchain enables increased transparency and security in the tracking and transfer of assets. Smart contracts, a key feature of blockchain, automate and streamline various processes, reducing operational costs and minimizing the risk of errors. This technology also facilitates real-time settlement and enhances liquidity, contributing to increased efficiency in asset management workflows. However, along with these opportunities come substantial challenges. Regulatory uncertainties, interoperability issues, and the need for industry-wide standards are significant hurdles that the asset management sector must overcome to fully harness the potential of blockchain. Security concerns related to the custody and protection of digital assets, as well as the scalability of blockchain networks, also demand careful consideration. Moreover, the integration of blockchain in asset management necessitates a paradigm shift in organizational structures and industry practices. Stakeholders must adapt to new ways of managing and transferring assets, embracing the cultural and technological changes inherent in blockchain adoption. Education and collaboration among industry participants are crucial for navigating the complexities of this transformative technology. In conclusion, this extensive review highlights the immense potential of blockchain in revolutionizing asset management while shedding light on the formidable challenges that need to be addressed for successful implementation. As the industry continues to explore and adopt blockchain solutions, collaboration and proactive measures will be essential in maximizing the benefits and mitigating the risks associated with this groundbreaking technology.
26
Lukianchuk, Denys Yu. "Decentralized Finance: Principles of Functioning, Infrastructure, Risks." Business Inform 3, no. 554 (2024): 289–304. http://dx.doi.org/10.32983/2222-4459-2024-3-289-304.
Анотація:
The article analyzes the differences between centralized and decentralized exchanges in the cryptocurrency market. The author notes the impact of bankruptcies of centralized representatives who provided services in the cryptocurrency market on the interaction of users with decentralized finance instruments. The publication considers the key representatives of decentralized finance, their capitalization, available capital, and technological developments. It substantiates the advantages and risks of using decentralized finance instruments and studies the differences between centralized, decentralized, and algorithmic stablecoins. To assess the capitalization of decentralized finance instruments, the asset value indicator TVL (Total Value Locked) is used. TVL represents the amount of assets currently placed in a particular decentralized finance instrument or protocol. The RWA narrative is significant in the crypto space as it demonstrates increased interconnectedness. DeFi, previously isolated from TradFi, has now become an integral part of a more holistic financial ecosystem. Blockchain technology has demonstrated its potential for transformation through real-world use cases. Real-world assets (RWAs) are an attractive option due to the large traditional finance market. While they offer benefits such as portfolio diversification and enhanced returns, it is crucial to mitigate default risk. Platforms like Goldfinch have a proven track record. Tokenizing RWAs can increase market participation and financial inclusivity. The study's results indicate significant development of decentralized finance instruments over the past three years. This is evidenced by the amount of capital invested in these instruments and the number of users, despite the technological and regulatory risks associated with them. The study's conclusions indicate that despite the technological novelty, users are increasingly interested in interacting with decentralized finance instruments. However, users face difficulties in understanding how these instruments work and in gaining experience with these products. The comparative analysis by Saif Ahmed Abdulhakeem and Qiuling Hu titled "CeFi vs. DeFi — Comparing Centralized to Decentralized Finance" systematically contrasts Centralized Finance (CeFi) with Decentralized Finance (DeFi) across legal, economic, security, privacy, and market manipulation dimensions. It aims to provide a structured approach for distinguishing between CeFi and DeFi services, emphasizing DeFi's transparency and user control advantages. However, unresolved issues in decentralized finance, such as regulatory frameworks and risk assessment, necessitate further research. The study also underscores the importance of improving user experience design and overcoming adoption challenges for DeFi. In their academic discourse titled "Powered by Blockchain Technology, DeFi (Decentralized Finance) Strives to Increase Financial Inclusion of the Unbanked by Reshaping the World Financial System," Abdulhakeem and Hu analyze DeFi's potential to enhance financial inclusion for the unbanked. They highlight the pivotal role of blockchain, particularly Ethereum, in enabling DeFi. While acknowledging DeFi's decentralization benefits, the article suggests it as a complement rather than a replacement for traditional finance. It advocates for future research on integrating DeFi with global banking systems and improving user interface and security. Overall, while recognizing DeFi's transformative potential, the article underscores the need for ongoing research to address challenges and integrate DeFi into mainstream finance seamlessly.
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Kud, Aleksandr. "Global problem of growing economic inequality and tokenization of assets as a prospect of its solution." Economic Analysis, no. 33(2) (2023): 7–24. http://dx.doi.org/10.35774/econa2023.02.007.
Анотація:
The paper is dedicated to the discussion of tokenization of backed assets as a promising and potentially new solution to the long-standing and unresolved issue of growing economic inequality in modern society. Asset tokenization is considered as a simple and technologically realistic way to facilitate the financial availability of valuable investment assets (real estate, securities, gold, etc.), which is a modern and unexpected manifestation of blockchain technology, provided that tokens of real assets are recorded in decentralized information platforms. The paper successively solves three working tasks: the problem of global wealth inequality has been described, and its solution through increasing digital financial accessibility has been presented; the essence of tokenization of assets as a new phenomenon and trend in the modern digital economy has been presented; the idea of asset tokenization due to its ability to radically increase the level of accessibility of investment assets for any strata of the population owing to a unique property of divisibility of the distributed ledger token has been explained. The author uses considerable aggregated data and a review of modern foreign literature. The author concludes that asset tokenization can indeed be a new means of significantly reducing the barrier to investment for billions of people worldwide by lowering the threshold of minimum investment costs and increasing the liquidity of existing physical assets. To make this possible, regulatory compliance, regulation and storage must be addressed. Many countries and organizations have taken steps to better understand the asset tokenization and proper value. It also causes the reconfiguration of institutions and rules of operation of the market infrastructure.
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Stepnov, I. M., and М. A. Fedotova. "Digital asset management in a Digital environment: algorithms and services." Management Sciences 11, no. 4 (January 20, 2022): 6–24. http://dx.doi.org/10.26794/2404-022x-2021-11-4-6-24.
Анотація:
The paper describes the issues of value-based management of digital assets (DA). The relevance of the study is determined by the growth in the volume of digital assets under management and the need to develop new approaches to measuring their value. The subject of the research was the transformation of approaches to assessment and management in the digital economy. First of all, this concerns new types of assets. The goal is to form an integrated approach to the value management of assets in the digital environment. The paper uses methods of description, scientifc analysis and synthesis based on the specifc principles of valuation for management purposes defned in the article. The results are based on the digital assets identifcation for valuation and management purposes. The newly identifed types of DA require the use as traditional methods of discounting cash flows, as well as more brand new complex models for measuring value added, including the theory of real options. For this purpose, authors compared the classical approach to value-based management (based on value levers) with the recommendation algorithms which is growing trend for active use. Digital asset management involves the management model adaptation based on key value factors, characteristics, as well as features of the legal turnover. Decentralized systems are of the greatest interest and scientifc novelty in this area. They can provide the required level of trust and scalability. The paper shows the implementation of effective valuebased management requires a justifcation and selection of a digital environment, which is proposed as a decentralized fnancial services. As a result, the represented comprehensive algorithm is able to combine classical approaches to determining value for management purposes with the modern digital solutions (in particular, with machine learning methods). There is made an advisable conclusion to use this approach for valuation based on smart options for managing new types assets.
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Gajrani, Anmol. "Decentralized Dreams - Crafting a Secure and Fair Blockchain Gaming Environment." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 04 (April 22, 2024): 1–5. http://dx.doi.org/10.55041/ijsrem31189.
Анотація:
This ambitions to discover the potential of blockchain generation in revolutionizing the gaming enterprise through developing a secure and honest gaming environment. This studies assignment delves into the concepts of decentralization, security, and fairness inside blockchain-based gaming systems, focusing on the improvement and essential evaluation of a prototype platform. Keywords: blockchain era, gaming industry, decentralization, safety, equity, prototype platform. Through an intensive literature overview, methodological technique, implementation, and vital analysis, this task investigates the challenges and opportunities in crafting a blockchain-based gaming environment that prioritizes consumer safety, asset possession, and honest gameplay. The results and findings from the implementation phase are analyzed to assess the platform's performance, scalability, and person revel in, supplying valuable insights for future improvements and advancements in blockchain gaming structures. Keywords—Blockchain Technology, Decentralized Gaming, Ownership, In-Game Assets, Smart Contracts, Security Measures, Fairness Mechanisms, User Experience, Scalability, Interoperability, Market Research, Regulatory Compliance, Innovation, Player Engagement, Future Improvements.
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Liu, Weiwei, Huaming Wu, Tianhui Meng, Rui Wang, Yang Wang, and Cheng-Zhong Xu. "AucSwap: A Vickrey auction modeled decentralized cross-blockchain asset transfer protocol." Journal of Systems Architecture 117 (August 2021): 102102. http://dx.doi.org/10.1016/j.sysarc.2021.102102.
31
Tsukan, S. V. "Concept, legal nature and classification of virtual assets." Uzhhorod National University Herald. Series: Law 1, no. 80 (January 22, 2024): 613–18. http://dx.doi.org/10.24144/2307-3322.2023.80.1.94.
Анотація:
The entry of digital assets into the economic space at the national and supranational levels is an innovation in the financial system. The rapid penetration of virtual assets into the economic sphere is perceived ambiguously, because their uniqueness, which is expressed in anonymity, independence from central banks, combined with the use of information technology, has won both many supporters and attracted the attention of critics, including at the state level of the world’s leading countries.
The article analyzes the experience of legislative consolidation of the definition of the concept of «virtual asset» at the national and international levels. Approaches to understanding this term by individual scholars are considered. The author distinguishes the correlation between the concepts of «virtual assets» and «digital assets», «cryptoassets» and «cryptocurrencies», «virtual assets» and «cryptoassets», and in particular, determines that the concepts of «virtual assets» and «digital assets» are synonymous, the term «cryptoassets» is broader than the term «cryptocurrencies» and includes the latter; at the same time, the concept of «virtual assets» is broader than the concept of «cryptoassets», since a virtual asset can use not only blockchain technology to have an electronic form.
The definition of the concept of «virtual assets» was formed, which is considered as any asset expressed by a collection of data in electronic form, created using cryptographic means, having a cost, economic value and direct interaction of two parties without the participation of intermediaries in a decentralized network.
The evolution of attempts to determine the legal form and legal nature of virtual assets at the regulatory and legal level in Ukraine has been analyzed and their classifications have been identified. Some aspects of the Law of Ukraine «On Virtual Assets» were studied, with the adoption of which the final transformation of cryptoassets and cryptocurrencies into a new legal form took place - a virtual asset.
The conclusion was formulated that the Law of Ukraine «On Virtual Assets» needs to be revised in terms of the concept and classification of virtual assets.
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Venner, Marie. "Maintenance Quality Management and Environmental Stewardship." Transportation Research Record: Journal of the Transportation Research Board 1911, no. 1 (January 2005): 3–12. http://dx.doi.org/10.1177/0361198105191100101.
Анотація:
Some of the most extensive information management and decision support systems at state departments of transportation (DOTs) are used in maintenance for condition tracking, work planning, budget estimation, and quality assurance. DOTs are confronted with the challenge of managing these and emerging environmental information and decision support needs in integrated systems that incorporate transportation and environmental assets and quality and the activities, materials, labor, budget, and tools needed to assess and manage them. Systems integration remains an elusive goal. Although a few states are pursuing integrated asset management systems, recent leaps forward have been frequently limited to integration of management systems within a single functional area, e.g., integration of Pontis for bridge management with Virtis to bridge load rating. In that decentralized context, this paper presents several leading examples or best practices in asset and maintenance quality management in various areas of maintenance where environmental aspects that are difficult to quantify have begun to be incorporated.
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BATEMAN, HAZEL, and SUSAN THORP. "Decentralized investment management: an analysis of non-profit pension funds." Journal of Pension Economics and Finance 6, no. 1 (February 14, 2007): 21–44. http://dx.doi.org/10.1017/s1474747206002484.
Анотація:
We investigate delegated investment management in private pension accounts using data from Australian accumulation (superannuation) funds. In Australian non-profit pension funds, trustees choose investment managers on behalf of members. We find that funds with many delegated managers have higher risk-adjusted returns than those with few. However funds with 13 or less specialized managers show no improvement over funds with a single diversified manager. All do worse than a benchmark portfolio of asset-class indices. Further, by using random selection to mimic the choices of an uninformed individual choosing from the same menu of delegate managers as used by trustees, we show that returns from pension funds with large numbers of trustee-selected managers compare favorably with returns from randomly selected, equally weighted portfolios. However this improvement falls off quickly for funds with fewer trustee-selected managers, or when randomly selected portfolios are also diversified across asset classes. Results indicate that an uninformed individual following a naive diversification strategy would have done as well as most trustee boards in this sample.
34
Donovan, M. "Ripple effect: the SEC’s major questions doctrine problem." Russian Journal of Economics and Law 17, no. 4 (December 14, 2023): 837–72. http://dx.doi.org/10.21202/2782-2923.2023.3.837-872.
Анотація:
Objective: to elaborate a new standard for assessing the level of decentralization of cryptoassets in the USA.Methods: dialectical approach to cognition of social phenomena, allowing to analyze them in historical development and functioning in the context of the totality of objective and subjective factors, which predetermined the following research methods: formal-logical and sociological.Results: Crypto assets and blockchain technology have the potential to create unprecedented equitable access to financial institutions. Despite this potential, there is a robust debate regarding federal agencies' jurisdiction over the novel asset class. Without clear statutory guidelines, federal agencies have been forced to resolve this debate through the rulemaking process. However, agency rules regarding jurisdiction over crypto assets could be scrutinized by a reviewing court under the major questions doctrine. Once highly deferential to agency rules, the U.S. Supreme Court in recent terms has repeatedly struck down agency rules when an agency claims an unheralded power to regulate an issue of deep economic and political significance. The U.S. Securities and Exchange Commission (SEC) arguably claims such a power by interpreting most crypto assets to be "investment contracts" and thus under SEC jurisdiction. But although a decision on major questions doctrine grounds in the high-profile case SEC v. Ripple Labs, Inc. could help clarify how we classify crypto assets, it leaves many jurisdictional questions unanswered and could complicate the application of the SEC's disclosure regime to risky crypto asset offerings.Scientific novelty: This Note argues that Congress should pass the Lummis-Gillibrand Responsible Financial Innovation Act to create joint jurisdiction between the SEC and the Commodities Futures Trading Commission over most crypto asset offerings. This may help to balance consumer protection and innovation at the frontier of financial innovation. The author also endorses a new standard to evaluate whether a crypto asset is sufficiently decentralized to further clarify the SEC's role in regulating crypto asset offerings.Practical significance: the main provisions and conclusions of the article can be used in scientific, pedagogical and law enforcement activities when considering the issues related to the activity of the U.S. Securities and Exchange Commission.
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Bennett, Donyetta, Erik Mekelburg, and T. H. Williams. "BeFi meets DeFi: A behavioral finance approach to decentralized finance asset pricing." Research in International Business and Finance 65 (April 2023): 101939. http://dx.doi.org/10.1016/j.ribaf.2023.101939.
36
Lee, Hyung-Seok, and Ji-Sun Chung. "Researching income taxation of cryptocurrency." KOREAN SOCIETY OF TAX LAW 8, no. 2 (June 30, 2023): 157–98. http://dx.doi.org/10.37733/tkjt.2023.8.2.157.
Анотація:
Looking at the legal status of virtual assets in Korea, the Tax Act defines “virtual asset” as an electronic certificate that has economic value and can be transacted or transferred electronically. The Tax Act defines “virtual asset” as an electronic certificate (including any rights related to it) that has economic value and can be transacted or transferred electronically. ) that can be transacted or transferred electronically as a thing with economic value, and whether it falls under the civil law is divided into positive and negative theories. The Supreme Court The Supreme Court considers it to be property under the Criminal Code, but not currency under the Bank of Korea Act. Gold under the Capital Market Act does not fall under the definition of a financial investment product, but it is necessary to expand the concept to provide legal safeguards for investor protection. to protect investors.
E-finance transactions through blockchain are decentralized, meaning that transaction details are shared and stored among all network participants, and all transactions are notarized and managed by participants through transaction confirmation, so there is no centralized administrator. Under the current income tax law, the taxation structure for virtual asset income is based on direct transactions (P2P) that do not go through virtual asset operators, and since it is difficult to identify international transactions, various types of distribution taxes are imposed for domestic transactions, but we propose to approach international transactions by setting international standards and establishing an information exchange system between countries.
To identify domestic transactions of virtual assets, virtual assets are generally classified as securities or not, and securities-type virtual assets are considered as 'securities' because they meet the 'Howey test', so it is possible to secure transaction details and manage tax revenue through securities transaction taxation. Except for 'securities-type virtual assets', virtual assets are subject to VAT because they are subject to asset exchange transactions, and if they are distributed from Korea to foreign countries, they can be applied at a zero-rated rate as domestic goods. Since the “electronic wallet” of virtual assets refers to the virtual assets themselves, we would like to propose a method of imposing stamp tax on example savings transaction contracts and certificates based on virtual assets, and a method of imposing registration license tax through the virtual asset electronic register by establishing a study managed by the central government. Sanctions for unregistered transactions of virtual assets and a trial period before the introduction of the system will be implemented to encourage positive transactions.
To identify international transactions of virtual assets, it is necessary to establish a virtual asset transaction information exchange system between countries and agree on standards for international taxation targets and methods to exercise taxation rights in an information cooperation council.
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Zhao, Danyu, Li Song, and Liangliang Han. "Research on differential game strategy of debt restructuring supported by government." PLOS ONE 18, no. 4 (April 6, 2023): e0284044. http://dx.doi.org/10.1371/journal.pone.0284044.
Анотація:
This paper studies the debt restructuring equilibrium decision problem composed of creditors and debt enterprises with the participation of the government and asset management companies. With the differential game, the dynamic optimization models of debt restructuring under three situations: centralized decision-making, decentralized decision-making, and Stackelberg game after introducing cost-sharing contract are constructed, respectively. The optimal equilibrium strategy of debt restructuring, the optimal trajectory of debt restructuring synergy, and the optimal profit under three decision-making situations are investigated and compared. It is found that the synergy effect and total profit of debt restructuring are the highest under centralized decision-making, and the Stackelberg game is superior to decentralized decision-making, which shows that the cost-sharing contract can achieve the coordination of overall interests, improve the debt restructuring environment, and promote the debt restructuring process. Finally, the sensitivity analysis of relevant parameters is carried out through an example, which verifies the effectiveness of the conclusion and provides the scientific basis for the government and asset management companies to participate in debt restructuring successfully.
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Watsky, Cy, Jeffrey Allen, Hamzah Daud, Jochen Demuth, Daniel Little, Megan Rodden, and Amber Seira. "Primary and Secondary Markets for Stablecoins." FEDS Notes, no. 2024-02-23-3 (February 2024): None. http://dx.doi.org/10.17016/2380-7172.3447.
Анотація:
Stablecoins are increasingly important in decentralized finance (DeFi) and crypto asset markets, and their prominence has led to greater scrutiny of their unique role as expressions of the U.S. dollar running on blockchain networks. Stablecoins attempt to perform a mechanically complex function – to remain pegged to the dollar, even during periods of market volatility.
39
Mrissa, Michael, Aleksandar Tošić, Niki Hrovatin, Sidra Aslam, Balázs Dávid, László Hajdu, Miklós Krész, Andrej Brodnik, and Branko Kavšek. "Privacy-Aware and Secure Decentralized Air Quality Monitoring." Applied Sciences 12, no. 4 (February 18, 2022): 2147. http://dx.doi.org/10.3390/app12042147.
Анотація:
Indoor Air Quality monitoring is a major asset to improving quality of life and building management. Today, the evolution of embedded technologies allows the implementation of such monitoring on the edge of the network. However, several concerns need to be addressed related to data security and privacy, routing and sink placement optimization, protection from external monitoring, and distributed data mining. In this paper, we describe an integrated framework that features distributed storage, blockchain-based Role-based Access Control, onion routing, routing and sink placement optimization, and distributed data mining to answer these concerns. We describe the organization of our contribution and show its relevance with simulations and experiments over a set of use cases.
40
Ganapathy, Venkatasubramanian. "Decentralized Identity Verification in Metaverse Auditing Using Blockchain Technology." Shodh Sari-An International Multidisciplinary Journal 03, no. 03 (July 1, 2024): 66–88. http://dx.doi.org/10.59231/sari7719.
Анотація:
This research paper presents a comprehensive review of decentralized identity verification in the context of metaverse auditing, leveraging blockchain technology. With the rapid evolution of virtual environments and the emergence of the metaverse, ensuring trust, transparency, and security becomes paramount. Traditional centralized identity verification systems face challenges in such decentralized and dynamic environments. Blockchain technology offers promising solutions by providing a transparent, immutable, and decentralized ledger for identity management and verification. Conceptual Analysis research methodology used in this research paper because theoretical and conceptual clarity are crucial for understanding complex phenomena. The paper begins by exploring the concept of decentralized identity management systems and their significance in virtual environments. It discusses various challenges associated with traditional identity verification methods and highlights the potential of blockchain-based solutions in addressing these challenges. Through a systematic literature review, the paper examines existing research and developments in decentralized identity verification, metaverse auditing, and blockchain technology. Key topics covered include the architecture of decentralized identity systems, consensus mechanisms for identity verification on blockchain networks, privacy-preserving techniques, and interoperability standards for cross-platform identity management. Furthermore, the paper investigates the role of smart contracts and decentralized applications (DApps) in facilitating identity verification processes within the metaverse. The review also discusses the potential implications of decentralized identity verification in enhancing trust and security in virtual economies, enabling seamless user experiences, and fostering innovation in digital asset management. Moreover, it identifies current gaps and challenges in the field and proposes future research directions to address these issues. Overall, this research paper contributes to the understanding of decentralized identity verification in metaverse auditing using blockchain technology. It serves as a valuable resource for researchers, practitioners, and policymakers interested in exploring the intersection of decentralized identity, virtual environments, and blockchain technology. The insights provided aim to stimulate further research and innovation in this rapidly evolving domain.
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Mahesa Dharma Adji and Hervina Puspitosari. "Liability for Crypto Asset Transactions Ethereum in Indonesia." Widya Pranata Hukum : Jurnal Kajian dan Penelitian Hukum 5, no. 2 (September 30, 2023): 111–26. http://dx.doi.org/10.37631/widyapranata.v5i2.787.
Анотація:
Ethereum is a decentralized digital currency andplatform blockchain which has gained popularity in Indonesia. Crypto assets have inherent risks, such as price volatility and the potential for fraud or hacking which is of course very detrimental to their users. Based on this, it is necessary to explore the accountability of parties using crypto assetsEthereum as an object of trade. The type of research used is normative juridical with an approach taken to statutory regulations. The results of the research show that liability can occur for default, unlawful acts, and unlawful acts. The form of liability that can be taken is in the form of cancellation of the agreement to claims for compensation by the aggrieved party. The government, in this case, needs to buy educational outreach to the public on the wise use of crypto assets.
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Rowland, Zuzana, Petr Suler, and Bohdana Cajkovicova. "Bitcoin: an alternative currency to pay for goods and services or a useful investment tool?" SHS Web of Conferences 129 (2021): 03026. http://dx.doi.org/10.1051/shsconf/202112903026.
Анотація:
Research background: Bitcoin is defined as digital money in a peer-to-peer decentralized payment network, an amalgam hybrid between fiat and commodity currency without a real value. This digital currency is also independent of any government or currency administration. Purpose of the article: This article explores whether bitcoin works as a medium of exchange or relates to assets, focusing on its current use and future utility regarding its characteristics. Methods: Analysing bitcoin statistical features, we found no connection with traditional asset categories such as stock, bonds and commodities either in intermediate time, or periods of financial crises. Findings & Value added: The study suggests that investors’ abiding interest in bitcoins can have a positive impact on their liquidity in the real time.
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Mohamadi Begum Y., Ravi Prakash B. ,. "An Efficient and Scalable Framework for Decentralized Finance Application Using Blockchain Interoperability." Journal of Electrical Systems 20, no. 2s (April 4, 2024): 210–26. http://dx.doi.org/10.52783/jes.1129.
Анотація:
In recent years, blockchain technology has drawn a lot of attention, especially in the field of decentralised finance (De-Fi). However, scalability problems have come to light as a significant obstacle to the broad use of blockchain-based applications. To solve the issue of scalability, this paper has created a decentralised finance application with three main components: the addition of more liquidity to the swapping application, the implementation of a Polygon Proof of Stake bridge to enable efficient asset transfers, and the ability to transfer tokens between accounts seamlessly regardless of network agnosticism. The first feature, network agnostic capabilities for interoperability, facilitates token transfers between blockchain networks, allowing users to access and transact across them with ease The second component, the Polygon Proof-of-Stake bridge, makes asset transfers more efficient by taking advantage of the Polygon network's scalability advantages, which drastically lower transaction costs and processing times. Finally, adding more liquidity to the swapping programme makes it more scalable by guaranteeing that there is enough money for transactions, which prevents delays and bottlenecks. The scalability issue with blockchain technology is efficiently resolved by adding these three characteristics to the decentralised finance application, creating new opportunities for the mass acceptance and utilisation of blockchain-based financial services.
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Mohamadi Begum Y., Ravi Prakash B. ,. "An Efficient and Scalable Framework for Decentralized Finance Application Using Blockchain Interoperability." Journal of Electrical Systems 20, no. 1s (March 28, 2024): 712–27. http://dx.doi.org/10.52783/jes.814.
Анотація:
In recent years, blockchain technology has drawn a lot of attention, especially in the field of decentralised finance (De-Fi). However, scalability problems have come to light as a significant obstacle to the broad use of blockchain-based applications. To solve the issue of scalability, this paper has created a decentralised finance application with three main components: the addition of more liquidity to the swapping application, the implementation of a Polygon Proof of Stake bridge to enable efficient asset transfers, and the ability to transfer tokens between accounts seamlessly regardless of network agnosticism. The first feature, network agnostic capabilities for interoperability, facilitates token transfers between blockchain networks, allowing users to access and transact across them with ease The second component, the Polygon Proof-of-Stake bridge, makes asset transfers more efficient by taking advantage of the Polygon network's scalability advantages, which drastically lower transaction costs and processing times. Finally, adding more liquidity to the swapping programme makes it more scalable by guaranteeing that there is enough money for transactions, which prevents delays and bottlenecks. The scalability issue with blockchain technology is efficiently resolved by adding these three characteristics to the decentralised finance application, creating new opportunities for the mass acceptance and utilisation of blockchain-based financial services.
45
Kuhle, Paul, David Arroyo, and Eric Schuster. "Building A blockchain-based decentralized digital asset management system for commercial aircraft leasing." Computers in Industry 126 (April 2021): 103393. http://dx.doi.org/10.1016/j.compind.2020.103393.
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Derviz, Alexis. "Asset return dynamics and the FX risk premium in a decentralized dealer market." European Economic Review 48, no. 4 (August 2004): 747–84. http://dx.doi.org/10.1016/j.euroecorev.2003.09.004.
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Cheng, Qishuo, Yulu Gong, Yang Qin, Xiang Ao, and Zhenglin Li. "Secure Digital Asset Transactions: Integrating Distributed Ledger Technology with Safe AI Mechanisms." Academic Journal of Science and Technology 9, no. 3 (March 12, 2024): 156–61. http://dx.doi.org/10.54097/2qhab557.
Анотація:
This paper explores the integration of distributed ledger technology (DLT) and artificial intelligence (AI) in digital asset transactions, focusing on the challenges of security, privacy protection, and smart contract reliability. Through a comprehensive analysis, it was found that DLT ensures transaction security and transparency through decentralized recording and consensus mechanisms, while AI enhances security through anomaly detection and threat analysis. In addition, the convergence of DLT and AI has significantly enhanced privacy protection by encrypting data transfers and using data desensitization techniques. In addition, AI-driven automated testing and vulnerability prediction improve the reliability and execution efficiency of smart contracts, ensuring the integrity of transactions. Overall, the integration of DLT and AI provides a solid framework for safe, efficient and reliable digital asset trading, paving the way for the further development and maturity of the digital asset market.
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Tri, Nguyen Tran Minh, and Le Ngoc Dien. "Cryptocurrency Management in Vietnam." East African Scholars Journal of Economics, Business and Management 5, no. 8 (September 2, 2022): 206–14. http://dx.doi.org/10.36349/easjebm.2022.v05i08.002.
Анотація:
Decentralized cryptocurrency has captured the attention of both individual and institutional investors. Cryptocurrency regulation in Vietnam is attracting great public attention and is a decisive factor in the development of this new financial market. The article assesses the current status of cryptocurrency mining and its use in Vietnam, thereby drawing policy implications for the management of this particular asset class in the coming period.
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Sakız, Burcu, and E. Ayşen Hiç Gencer. "Decentralized Finance Applications via Blockchain." Journal of Eurasian Economies 1, no. 2 (July 22, 2022): 43–54. http://dx.doi.org/10.36880/j01.2.0112.
Анотація:
After the global economic crisis in 2008, factors such as the declining trust in banks and large financial institutions, and the improvements of user experience due to technological developments gave rise to participation of new players and new initiatives in the finance industry. Thus, a new era has begun for the banking and finance sector, with increased interest in alternative banking and finance products, and new financial products using blockchain technology emerged in the portfolios of technology companies.
Blockchain is an innovative technology that provides a reliable recording service via cryptography science, and that utilizes a distributed and decentralized database, which is open and transparent to all stakeholders; thereby enabling all parties to verify its integrity. This technology, by eliminating the need for a central authority and for intermediary platforms such as banks, not only reduces transaction costs, but also provides a fast, reliable and efficient new infrastructure and system. The main application of blockchain has manifested itself in financial instruments, primarily with the example of bitcoin, known as the first cryptocurrency, and then with other cryptocurrencies.
In a world rapidly advancing on the path of digital transformation, the blockchain technology strives to become the junction point of data and economic asset transfer and the infrastructure of storage center. As a result of the widespread use of blockchain and the development of new applications such as "decentralized finance (DeFi)", whether or not these can replace traditional financial and banking systems, and the total locked value (TVL) held on these platforms, which is among the indicators of the hype in DeFi. forecasting TVL with the help of future artificial neural networks algorithms, is the subject of the evaluation of this study.
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Mogyl, L. S. "Accounting procedure for operations with cryptocurrency as a variety of virtual assets." Analytical and Comparative Jurisprudence, no. 2 (June 23, 2023): 168–74. http://dx.doi.org/10.24144/2788-6018.2023.02.28.
Анотація:
The article examines the procedure for accounting transactions with cryptocurrency as a special type of asset. Circulation of cryptocurrency in Ukraine currently does not have proper legislative regulation, and the Law of Ukraine "On Virtual Assets" adopted in 2022 has not yet entered into force. There is no proper legal provision for accounting and taxation of transactions with cryptocurrency carried out by business entities taking into account the advantages of using a decentralized means of circulation. Solving the issue of proper accounting of cryptocurrency and operations with it will contribute to the unshadowing the economy and the receipt of taxes to the state budget.
It has been established that cryptocurrency can exhibit characteristics of goods, cash and their equivalents, financial instruments, investment real estate, intangible assets, shares, etc. With this in mind, the article analyzes permissible options for classifying cryptocurrency and operations with it to specific classes of accounting accounts based on international and national accounting regulations (standards).
The European practice of accounting for operations with cryptoassets is analyzed, which is based on two options for accounting for cryptocurrencies: as an intangible asset or as stocks. It was concluded that in the absence of a single methodical approach to the issues of proper accounting of cryptocurrency and operations with it, it is necessary to use international accounting standards and recommendations for accounting of cryptocurrency developed on their basis as an intangible assets (if it is held for sale in the everyday economic activity) or stocks (if held for the purpose of obtaining an investment profit from resale). The purpose of its use by the business entity should be the basis for selecting the recommended accounting options for cryptocurrency as a virtual asset.