Blockchain technology is a disruptive innovation with the potential to replace existing business models that rely on centralized systems and third parties for trust. Even if there are a lot of application areas, blockchain used primarily for cryptocurrencies. Satoshi Nakamoto implemented the first blockchain application and invented the world’s first digital currency which is named as Bitcoin in 2008. Fundementally Bitcoin relies on cryptographic “proof of work” mechanism, digital signatures, and peer to peer distributed networking layer in order to provide a distributed ledger holding transactions. In 2014, a second generation of blockchains allow to program and execute them over distributed networks such as Ethereum project. The code to program any asset stored in blockchain’s peer-to-peer network is called as "smart contract" and smart contracts gives a powerful tool to developers for decentralized applications. There are various types of tokens that anyone can built on top of Ethereum and by combining smart contracts and new tokens, this paved the way of possibility to build a wide range of decentralized projects. One of the disruptive blockchain based innovation impacting intellectual property is called non-fungible-tokens or NFTs firstly introcuced in late 2017 on Ethereum network. This research contends that blockchain and non-fungible tokens (NFTs) which are cryptographically unique, scarce, non-replicable digital assets created through smart contracts and provably digital collectible assets. Our objective is to give NFT taxonomy, review NFT platforms and discuss technical challenges as well as recent advances in tackling the challenges. Moreover, this paper also aims to point out the future directions for NFT technology.
The world’s most valuable resource is no longer oil, but data. Smartphones and the internet have made data abundant, ubiquitous and far more valuable. Modern algorithms can predict when a customer tends to buy, a car needs servicing or a person is at risk of a disease. Meanwhile, artificial intelligence techniques extract more value from data. As individuals accumulate information which transforms into knowledge, entrepreneurs will want to use and/or share that knowledge. It is the sharing of knowledge that needs a decentralized, autonomous mechanism so that knowledge can be shared fairly amongst all peoples of the world, not just within corporations. Blockchain technology gives us that mechanism. Blockchain is one of a kind decentralized technology and it is distributed as well as decentralized ledger. Blockchain is the answer to a lot of obstacles the world has to go through today. Before today, nobody could think of transferring money from one account to another safely without any financial institution in the middle, like a bank. Blockchain technology presents a radical and disruptive new way of conducting all manner of transactions over the Internet. The advent of Bitcoin and the blockchain has brought a lot of change to the world of finance even the world economy was formerly run using fiat currencies. Introducing the blockchain environment will actually enhance the economics because in blockchain, all transactions are recorded right from the manufacturer to the buyer. This paper explores the emerging landscape for blockchain technology focusing on the economics.
Bitcoin is the first decentralized innovative alternative digital currency, which was introduced in 2009 and is now one of the most widely used crypto-currencies. As digital assets, crypto-currencies utilize encryption technology and electronic payment system based on cryptographic proof instead of trust in a central authority, such as a government or a central bank. The Blockchain system, which is the underlying infrastructure for transferring any crypto-currency, is a shared form of recording that facilitates the recording of assets and transactions in an open network. Blockchain enables bitcoin transfer transactions from peer to peer without any intermediary, such as a bank or a transfer agency. In this study, artificial intelligence algorithms are developed in order to forecast the bitcoin price by taking into account monthly average prices of the previous three years.
Knowledge-based economy is re-defining enterprises, re-formatting working styles, empowering individuals and re-shaping the links between education and business tasks in today's globalized world. Emerged communication and information technologies especially invented in six decades ago is still changing the nature of business and the economy dramatically. It is obvious that transition to knowledge-intensive business models become popular since late 1950s. Also it is clear that advent of the knowledge economy shapes and changes the rules for enterprises that organize their activities in the global market places. Additionally intellectual capabilities become more important than physical inputs which was very important for the first machine age. The application of knowledge is one of the main sources of growth in the global economy and it becomes the strategic factor for the success. Having sufficient national production, sustainable growth, strong economy and modern technologies to create a welfare society is crucial for any modern nation. This study presents the concept of the knowledge economy and it's framework in this respect. Developed by World Bank "Knowledge Assessment Methodology" is one of the important methodologies in order to measure the progress of countries towards having a knowledge based economy. It has 4 pillars including 83 structural and qualitative variables and 12 knowledge indicators. World Bank's four Knowledge Economy pillars are economic and institutional regime, education, innovation, and Information and Communication Technologies (ICTs) developed for countries to do fundamental assessment of countries' readiness for the knowledge economy and help them the transition to a Knowledge-based Economy. Also in this paper the analysis of knowledge economy for Turkey especially the role of innovation, ICTs and education pillars are examined.
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