Blockchain and its derived technologies shape the future generation of digital businesses: a focus on decentralized finance and the Metaverse

Far, Saeed Banaeian; Rad, Azadeh Imani; Assar, Maryam Rajabzadeh

doi:10.1016/j.dsm.2023.06.002

Cited by 29 publications

(4 citation statements)

References 103 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This law aims to systematically regulate relationships around payment services between individuals, legal entities, and financial institutions. It establishes clear directives for governance, licensing, operations, settlement finality, risk mitigation, and dispute resolution to ensure the integrity, efficiency, and resilience of payment systems [4].…”

Section: Financialmentioning

confidence: 99%

Legal analysis of the law of the republic of Uzbekistan "on payments and payment system"

AllahRakha

2024

tsul.lr

View full text Add to dashboard Cite

This paper examines Uzbekistan's legislation governing payments and payment systems, Law No. LRU-578, enacted on November 1, 2019. It provides background on the law's objectives of regulating relationships around payment services among individuals and entities. The aim is to assess key provisions concerning system operators, participant roles, licensing, risk management, settlement finality, electronic money, security protocols, and Central Bank oversight. Methodologically, the law's text is reviewed to summarize directives and elucidate concepts. Results detail defined terms, system categorization, operator functions, settlement irrevocability, licensing procedures, electronic currency parameters, risk mitigation, incident reporting, and non-compliance penalties. While underscoring integrity, efficiency, and oversight of payment systems, certain technology-based transactions are excluded. Recommendations include ensuring comprehensive coverage in line with global frameworks, emphasizing consumer protection, and addressing emerging electronic platforms. As digital payments growth accelerates globally, analysis of Uzbekistan’s updated legal basis and directions for further strengthening are pertinent.

show abstract

Section: Financialmentioning

confidence: 99%

Legal analysis of the law of the republic of Uzbekistan "on payments and payment system"

AllahRakha

2024

tsul.lr

View full text Add to dashboard Cite

show abstract

“…DeFi is a financial service and application based on blockchain technology and smart contracts. Featuring decentralization, openness, transparency, automation, and diversity, DeFi aims to change the way the traditional financial system works by providing users with more financial freedom and choice [22]. According to Huynh-The's research, the combination of AI and blockchain has had a profound impact on the DeFi space, driving the decentralization and digitalisation of financial services.…”

Section: Decentralized Finance (Defi)mentioning

confidence: 99%

The integration of blockchain technology and artificial intelligence: Innovation, challenges, and future prospects

Wang

2024

ACE

View full text Add to dashboard Cite

Blockchain provides a decentralised, tamper-proof and trustworthy distributed database technology that is widely used in finance and economics, IoT and big data. Artificial intelligence (AI) provides a technology that can mimic human intelligence, learn autonomously and automate decision-making, which plays a major role in enhancing productivity, solving complex problems and improving decision-making. The two represent two of the major driving forces in technology today, and their integration is redefining our digital world. The aim of this paper is to explore the integration of these two technologies and the innovations, challenges, and future prospects they bring. First, we trace their history and evolution, introduce the basic characteristics of blockchain and AI, and explain in detail how they work. We then delve into the integration of blockchain and AI, highlighting their importance and significance in areas such as finance, supply chain and healthcare. We analyse the applications and implications of this integration for these areas, as well as the challenges and dilemmas faced, including issues of security, privacy, data leakage, and technical feasibility. Finally, we explore future trends and related work, highlighting the importance of global community collaboration and innovation to realize the potential of blockchain and AI.

show abstract

“…Concurrently, the emergence of novel technological domains, such as Decentralized Finance (DeFi), has introduced a transformative influence on the conventional landscape of financial services. DeFi, underpinned by blockchain and cryptocurrency, orchestrates a fundamental reconfiguration of traditional financial activities, proffering alternatives characterized by decentralization, security, and automation [23].…”

Section: Financial Performance Of Firms' Digital Transformation Throu...mentioning

confidence: 99%

Digital Transformation Management of Supply Chain Firms Based on Big Data from DeFi Social Media Profiles

Sakas,

Giannakopoulos,

Terzi

et al. 2023

Electronics

View full text Add to dashboard Cite

Emerging technologies in the digital context can favor industrial sector firms in their aim to improve their performance. Digitalization is mainly expressed through the utilization of big data that originate from various sources. Blockchain technology has led to the extended adoption of capitalization of Decentralized Finance (DeFi) services, such as cryptocurrency trade platforms. Supply chain firms, in their quest to exploit any means and collaborations available to promote their services, could place advertisements on DeFi’s social media profiles to boost their financial performance. Social media analytics, as a part of the big data family, are an emerging tool for promoting a firm’s digital transformation, based on the plethora of customer behavioral data they provide. This study aims to examine whether the social media analytics of DeFi platforms are capable of affecting their website visibility, as well as the financial performance of supply chain firms. To do so, the authors collected data from the social media profiles of the most-known DeFi platforms and web analytics from the most significant supply chain firms’ websites. For this purpose, proper statistical analysis, Fuzzy Cognitive Mapping, Hybrid Modeling, and Cognitive Neuromarketing models were adopted. Throughout the present research, it has been discerned that from an increase in the social media analytics of DeFi platforms, their website visibility increases, while the organic and paid traffic costs of supply chain firms decrease. Supply chain firms’ website customers tend to increase at the same time.

show abstract

Blockchain and its derived technologies shape the future generation of digital businesses: a focus on decentralized finance and the Metaverse

Cited by 29 publications

References 103 publications

Legal analysis of the law of the republic of Uzbekistan "on payments and payment system"

Legal analysis of the law of the republic of Uzbekistan "on payments and payment system"

The integration of blockchain technology and artificial intelligence: Innovation, challenges, and future prospects

Digital Transformation Management of Supply Chain Firms Based on Big Data from DeFi Social Media Profiles

Contact Info

Product

Resources

About