Valuing Biodiversity from an Economic Perspective: AUnified Economic, Ecological and Genetic Approach

We develop a conceptual framework for valuing biodiversity from an economic perspective. We consider biodiversity important because of a number of characteristics or services that it provides or enhances. We argue for a dynamic economic welfare measure of biodiversity that complements the existing literature on benefit-cost approaches and genetic distance/phylogenic tree approaches, which to date have been more static. Using a unified model of optimal economic management of an ecosystem under ecological and genetic constraints, we identify gains realized by management policies leading to a more diverse system, using the Bellman state valuation function of the problem. We show that a more diverse system could attain a higher value even though the genetic distance of the species in the more diverse system could be almost zero. We relate this endogenous measure of the biodiversity value to ecologically/biologically oriented biodiversity metrics (species richness, Shannon or Simpson indices).

Valuing biodiversity from an economic perspective : a unified economic, ecological and genetic approach

biodiversionoptimization;ecology

Metaverse: A Vision, Architectural Elements, and Future Directions for Scalable and Realtime Virtual Worlds

With the emergence of Cloud computing, Internet of Things-enabled Human-Computer Interfaces, Generative Artificial Intelligence, and high-accurate Machine and Deep-learning recognition and predictive models, along with the Post Covid-19 proliferation of social networking, and remote communications, the Metaverse gained a lot of popularity. Metaverse has the prospective to extend the physical world using virtual and augmented reality so the users can interact seamlessly with the real and virtual worlds using avatars and holograms. It has the potential to impact people in the way they interact on social media, collaborate in their work, perform marketing and business, teach, learn, and even access personalized healthcare. Several works in the literature examine Metaverse in terms of hardware wearable devices, and virtual reality gaming applications. However, the requirements of realizing the Metaverse in realtime and at a large-scale need yet to be examined for the technology to be usable. To address this limitation, this paper presents the temporal evolution of Metaverse definitions and captures its evolving requirements. Consequently, we provide insights into Metaverse requirements. In addition to enabling technologies, we lay out architectural elements for scalable, reliable, and efficient Metaverse systems, and a classification of existing Metaverse applications along with proposing required future research directions

Blockchain Value Creation Logics and Financial Returns

With its complexities and portfolio-nature, the advent of blockchain technology presents several use cases to stakeholders for business value appropriation and financial gains. This 3-essay dissertation focuses on three exemplars and research approaches to understanding the value creation logics of blockchain technology for financial gains. The first essay is a conceptual piece that explores five main affordances of blockchain technology and how these can be actualized and assimilated for business value. Based on the analysis of literature findings, an Affordance-Experimentation-Actualization-Assimilation (AEAA) model is proposed. The model suggests five affordance-to-assimilation value chains and eight value interdependencies that firms can leverage to optimize their value creation and capture during blockchain technology implementation. The second essay empirically examines the financial returns of public firms\u27 blockchain adoption investments at the level of the three main blockchain archetypes (private-permissioned, public-permissioned and permissionless. Drawing upon Fichman\u27s model of the option value of innovative IT platform investments, the study examines business value creation through firm blockchain strategy (i.e., archetype instances, decentralization, and complementarity), learning (i.e., blockchain patents and event participation), and bandwagon effects using quarterly data of firm archetype investments from 2015 to 2020. The study\u27s propensity score matching utilization and fixed-effects modeling provide objective quantification of how blockchain adoption leads to increases in firm value (performance measured by Tobin\u27s q) at the archetype level (permissionless, public permissioned, and private permissioned). Surprisingly, a more decentralized archetype and a second different archetype implementation are associated with a lower Tobin\u27s q. In addition, IT-option proxy parameters such as blockchain patent originality, participation in blockchain events, and network externality positively impact firm performance, whereas the effect of blockchain patents is negative. As the foremost and more established use case of blockchain technology whose business value is accessed in either of the five affordances and exemplifies a permissionless archetype for financial gains, bitcoin cryptocurrency behavior is studied through the lens of opinion leaders on Twitter. The third essay this relationship understands the hourly price returns and volatility shocks that sentiments from opinion leaders generate and vice-versa. With a dynamic opinion leader identification strategy, lexicon and rule-based sentiment analytics, I extract sentiments of the top ten per cent bitcoin opinion leaders\u27 tweets. Controlling for various economic indices and contextual factors, the study estimates a vector autoregression model (VAR) and finds that finds that Bitcoin return granger cause Polarity but the influence of sentiment subjectivity is marginal and only stronger on bitcoin price volatility. Several key implications for blockchain practitioners and financial stakeholders and suggestions for future research are discussed

What Makes Digital Technology? A Categorization Based on Purpose

Digital technology (DT) is creating and shaping today’s world. Building on its identity and history of technology research, the Information Systems discipline is at the forefront of understanding the nature of DT and related phenomena. Understanding the nature of DT requires understanding its purposes. Because of the growing number of DTs, these purposes are diversifying, and further examination is needed. To that end, we followed an organizational systematics paradigm and present a taxonomic theory for DT that enables its classification through its diverse purposes. The taxonomic theory comprises a multi-layer taxonomy of DT and purpose-related archetypes, which we inferred from a sample of 92 real-world DTs. In our empirical evaluation, we assessed reliability, validity, and usefulness of the taxonomy and archetypes. The taxonomic theory exceeds existing technology classifications by being the first that (1) has been rigorously developed, (2) considers the nature of DT, (3) is sufficiently concrete to reflect the diverse purposes of DT, and (4) is sufficiently abstract to be persistent. Our findings add to the descriptive knowledge on DT, advance our understanding of the diverse purposes of DT, and lay the ground for further theorizing. Our work also supports practitioners in managing and designing DTs

Can new technology outperform the responsibility

This study uses empirical analysis to compare two different types of Exchange-traded funds and examine which has the higher Alpha and the risk-adjusted return. The data is from the Datastream, and the time period is from the beginning of the year 2019 to the end of the year 2020. Besides, this study will introduce the different S.R.I. strategies, blockchain technology, and what unites these two different topics. Blockchain technology has proliferated, and more companies are using the technology in their primary business to support the business or have made the blockchain technology at their pri-mary business. Socially responsible investing has become a new megatrend of the investing styles and gained many supporters worldwide; the Blockchain is still new and slightly niche com-pared to the S.R.I. This study's main reason was to find whether these two topics could be united and seen at the same side of the Responsibility discussion. Besides, how could be the new tech-nology support the S.R.I. and also the E.S.G. measuring? Blockchain could be in the future be a part of the transparency of the companies and institutions. This thesis's empirical part will provide directional advice for possible investors considering whether to invest in S.R.I. or Blockchain Exchange Traded Funds. The results will be direction-al because of the small number of Blockchain funds available; the results cannot be considered absolute truth. The time period will be from April 2019 to October 2020, and the comparison will be examined using methods like Sharpe, Jensen Alpha and other factor models. Besides, this study will also be examined the volatility of these two different kinds of funds. This study will provide results that support the hypothesis that Blockchain ETF's has gained more risk-adjusted returns and has a higher Alpha than the Socially Responsible Investing based funds. As mentioned, the result should be taken more directional than absolute truth because of the short time frame and the lack of several exchange-traded funds, whether investing in cryptocurrencies or investing in companies in their primary business, the block-chain technology

A Distributed Ledger based infrastructure for Intelligent Transportation Systems

Intelligent Transportation Systems (ITS) are proposed as an efficient way to improve performances in transportation systems applying information, communication, and sensor technologies to vehicles and transportation infrastructures. The great amount of vehicles produced data, indeed, can potentially lead to a revolution in ITS development, making them more powerful multifunctional systems. To this purpose, the use of Vehicular Ad-hoc Networks (VANETs) can provide comfort and security to drivers through reliable communications. Meanwhile, distributed ledgers have emerged in recent years radically evolving the way that we used to consider finance, trust in communication and even renewing the concept of data sharing and allowing to establish autonomous, secured, trusted and decentralized systems. In this work an ITS infrastructure based on the combination of different emerging Distributed Ledger Technologies (DLTs) and VANETs is proposed, resulting in a transparent, self-managed and self-regulated system, that is not fully managed by a central authority. The intended design is focused on the user ability to use any type of DLT-based application and to transact using Smart Contracts, but also on the access control and verification over user’s vehicle produced data. Users "smart" transactions are achieved thanks to the Ethereum blockchain, widely used for distributed trusted computation, whilst data sharing and data access is possible thanks to the use of IOTA, a DLT fully designed to operate in the Internet of Things landscape, and IPFS, a protocol and a network that allows to work in a distributed file system. The aim of this thesis is to create a ready-to-work infrastructure based on the hypothesis that every user in the ITS must be able to participate. To evaluate the proposal, an infrastructure implementation is used in different real world use cases, common in Smart Cities and related to the ITS, and performance measurements are carried out for DLTs used

Towards Data Sharing across Decentralized and Federated IoT Data Analytics Platforms

In the past decade the Internet-of-Things concept has overwhelmingly entered all of the fields where data are produced and processed, thus, resulting in a plethora of IoT platforms, typically cloud-based, that centralize data and services management. In this scenario, the development of IoT services in domains such as smart cities, smart industry, e-health, automotive, are possible only for the owner of the IoT deployments or for ad-hoc business one-to-one collaboration agreements. The realization of "smarter" IoT services or even services that are not viable today envisions a complete data sharing with the usage of multiple data sources from multiple parties and the interconnection with other IoT services. In this context, this work studies several aspects of data sharing focusing on Internet-of-Things. We work towards the hyperconnection of IoT services to analyze data that goes beyond the boundaries of a single IoT system. This thesis presents a data analytics platform that: i) treats data analytics processes as services and decouples their management from the data analytics development; ii) decentralizes the data management and the execution of data analytics services between fog, edge and cloud; iii) federates peers of data analytics platforms managed by multiple parties allowing the design to scale into federation of federations; iv) encompasses intelligent handling of security and data usage control across the federation of decentralized platforms instances to reduce data and service management complexity. The proposed solution is experimentally evaluated in terms of performances and validated against use cases. Further, this work adopts and extends available standards and open sources, after an analysis of their capabilities, fostering an easier acceptance of the proposed framework. We also report efforts to initiate an IoT services ecosystem among 27 cities in Europe and Korea based on a novel methodology. We believe that this thesis open a viable path towards a hyperconnection of IoT data and services, minimizing the human effort to manage it, but leaving the full control of the data and service management to the users' will