New quality of financial institutions and business management

Economic processes in the world are characterized by a high level of dynamism, change and innovative approaches to addressing key issues in nowadays. In a context of globalization and European integration of Ukraine into a high-tech competitive environment in order to financing innovative projects, it is necessary to use Blockchain technology as an effective tool for digital economy. Purpose of scientific research is to find out key priorities and functionalities of Blockchain’s application for solving business and government tasks. The object of scientific research is the latest financial technology Blockchain and a system of cult-technologies: crowdsourcing, crowdfunding, crowdinvesting. Methodology. In the process of re-search, the following methods are used: generalization – in studying the nature, pre-conditions and principles of Blockchain technologies; formalization – when compar-ing characteristics of the latest forms of financing, such as crowdsourcing, crowd-funding, crowdinvesting. In the course of scientific research, key qualitative charac-teristics of digital economy are described and the dominant components of its devel-opment are investigated. The result of the article. The priorities, new principles of business management and possibilities of Blockchain technology as an effective digi-tal economy tool for solving business and government tasks are revealed. Future pro-spects from the implementation of crowd-technologies as an effective management tool in progress for solving the problems of innovative business are substantiated. Interconnection in the latest financial institution of creative initiatives realization is presented. The comparative analysis of management of new institutes of innovative development for Ukrainian economy in the course of doing business is carried out. The result of the research is presentation of the relationship in the latest financial in-stitution implementing creative initiatives and a comparative analysis of new insti-tutes of innovative development in the sphere of finance for the Ukrainian economy. Practical implications. The components of digital economy identified by the authors in the article are accelerators of the socio-economic life of Ukrainian society in the modern world and are capable of rapidly increasing Ukraine’s GDP. The described new forms of financing of Ukrainian start-ups (crowdsourcing, crowdfunding, crowdsourcing) are today quite interesting and effective tool for solving business problems in the financial, economic, innovative, marketing and marketing spheres. Value/originality. Blockchain technology, as an effective tool for Ukraine’s digital economy, is able to address the challenges of business and government, uncover the relationship between crowdsourcing, crowdfunding, crowdsourcing, and explain the content of innovative financial institutions for Ukraine’s economy

The Future of Advertising and Publishing

The rise of digital media has fundamentally changed the relationship between marketers and publishers. As audiences increasingly move toward mobile consumption, publishers have had to adapt their business models based on new standards set by social media platforms and advertisers. They are now in competition with large tech companies to reach, and to own, the same audiences. The adtech ecosystem, which was designed by platforms and advertisers to capitalize on the growing amount of data retained about readers, has produced a mess of publishers’ main monetization strategies—leaving the entire space in dire need of evaluation and experimentation. On October 20, 2017, the Tow Center for Digital Journalism at Columbia University, the Digital Initiative at Harvard Business School, and the Shorenstein Center on Media, Politics, and Public Policy at the Harvard Kennedy School hosted a Policy Exchange Forum (PEF) and public conference to explore these shifts in “The Future of Advertising and Publishing.” The PEF took place in the morning and comprised a closed discussion (by invitation only) built around two major questions: What is the future of the relationship between publishers and advertisers? More specifically, how can platforms, news publishers, and advertisers ensure a robust future for news publishers by shaping the quality of advertising

Story blocks:Reimagining narrative through the blockchain

Digital technology is changing, and has changed the ways we create and consume narratives, from moving images and immersive storyworlds to digital long-form and multi-branched story experiences. At the same time, blockchain, the technology that underpins cryptocurrencies such as Bitcoin, is revolutionizing the way that transactions and exchanges occur. As a globally stored and collaboratively written list of all transactions that have ever taken place within a given system, the blockchain decentralizes money and offers a platform for its creative use. There are already examples of blockchain technologies extending beyond the realm of currency, including the decentralization of domain name servers that are not subject to government takedown and identity management and governance. By framing key blockchain concepts with past and present storytelling practices, this article raises questions as to how the principles and implementation of such distributed ledger technologies might be used within contemporary writing practices - that is, can we imagine stories as a currency or value system? We present three experiments that draw on some of the fundamental principles of blockchain and Bitcoin, as an instantiation of a blockchain implemented application, namely, (1) the ledger, (2) the blocks and (3) the mining process. Each low-fi experiment was intentionally designed to be very accessible to take part in and understand and all were conducted as discrete workshops with different sets of participants. Participants included a cohort of design students, technology industry and design professionals and writing and interaction design academics. Each experiment raised a different set of reflections and subsequent questions on the nature of digital, the linearity (or not) of narratives and collaborative processes

FairDrop: a Confidential Fair Exchange Protocol for Media Workers

In recent years, the asymmetry between open societies and regimes that control their media has increased, leading to the number of murdered journalists more than doubling worldwide. Even in countries in which freedom of the press is publicly recognized, the number of journalists jailed, assaulted, or criminally charged is relevant and growing. These attacks on media workers usually want to limit or control information regarding critical topics. In this context, the necessity of a system that allows reporters to publish their works without risking their own life is evident. Some systems to share information with newspapers while keeping the source anonymous exist. An example is SecureDrop, developed and maintained by the Freedom of the Press Foundation, and widely adopted by all major international newspapers. What limits them from extensively using this type of system is the lack of credibility in the information exchanged, which represents the main problem for the publisher's reputation. In this thesis, we present FairDrop, a system that allows the exchange of information between two untrusted parties and proposes a tradeoff between the anonymity of the source and the credibility of the information exchanged. We present a fair exchange protocol based on blockchain that allows sharing of a digital good fairly and confidentially. We also define the guidelines for a system based on ring signatures to measure the credibility of the exchanged information. All our design decisions are made taking into account the requirements of a journalist-newspaper communication, and the guidelines for anonymous sources applied by major newspapers around the world. We test the system in a real-world blockchain testnet, considering multi-seller and buyer situations, and introducing economic incentives for sources to use the system.In recent years, the asymmetry between open societies and regimes that control their media has increased, leading to the number of murdered journalists more than doubling worldwide. Even in countries in which freedom of the press is publicly recognized, the number of journalists jailed, assaulted, or criminally charged is relevant and growing. These attacks on media workers usually want to limit or control information regarding critical topics. In this context, the necessity of a system that allows reporters to publish their works without risking their own life is evident. Some systems to share information with newspapers while keeping the source anonymous exist. An example is SecureDrop, developed and maintained by the Freedom of the Press Foundation, and widely adopted by all major international newspapers. What limits them from extensively using this type of system is the lack of credibility in the information exchanged, which represents the main problem for the publisher's reputation. In this thesis, we present FairDrop, a system that allows the exchange of information between two untrusted parties and proposes a tradeoff between the anonymity of the source and the credibility of the information exchanged. We present a fair exchange protocol based on blockchain that allows sharing of a digital good fairly and confidentially. We also define the guidelines for a system based on ring signatures to measure the credibility of the exchanged information. All our design decisions are made taking into account the requirements of a journalist-newspaper communication, and the guidelines for anonymous sources applied by major newspapers around the world. We test the system in a real-world blockchain testnet, considering multi-seller and buyer situations, and introducing economic incentives for sources to use the system

Moving Forward with Digital Disruption: What Big Data, IoT, Synthetic Biology, AI, Blockchain, and Platform Businesses Mean to Libraries

Digital disruption, also known as “the fourth industrial revolution,” is blurring the lines between the physical, digital, and biological spheres. This issue of Library Technology Reports (vol. 56, no. 2) examines today’s leading-edge technologies and their disruptive impacts on our society through examples such as extended reality, Big Data, the Internet of Things (IoT), synthetic biology, 3-D bio-printing, artificial intelligence (AI), blockchain, and platform businesses in the sharing economy. This report explains how new digital technologies are merging the physical and the biological with the digital; what kind of transformations are taking place as a result in production, management, and governance; and how libraries can continue to innovate with new technologies while keeping a critical distance from the rising ideology of techno-utopianism and at the same time contributing to social good

The evolution of business analytics : based on case study research

While business analytics is becoming more significant and widely used by companies from increasing industries, for many the concept remains a complex illusion. The field of business analytics is considerably generic and fragmented, leaving managers confused and ultimately inhibited to make valuable decisions. This paper presents an evolutionary depiction of business analytics, using real-world case studies to illustrate a distinct overview that describes where the phenomenon was derived from, where it currently stands, and where it is heading towards. This paper provides eight case studies, representing three different eras: yesterday (1950s to 1990s), today (2000s to 2020s), and tomorrow (2030s to 2050s). Through cross-case analysis we have identified concluding patterns that lay as foundation for the discussion on future development within business analytics. We argue based on our findings that automatization of business processes will most likely continue to increase. AI is expanding in numerous areas, each specializing in a complex task, previously reserved by professionals. However, patterns show that new occupations linked to artificial intelligence will most probably be created. For the training of intelligent systems, data will most likely be requested more than ever. The increasing data will likely cause complications in current data infrastructures, causing the need for stronger networks and systems. The systems will need to process, store, and manage the great amount of various data types in real-time, while maintaining high security. Furthermore, data privacy concerns have become more significant in recent years, although, the case study research indicates that it has not limited corporations access to data. On the contrary, corporations, people, and devices will most likely become even more connected than ever before.nhhma

Blockchain-based Perfect Sharing Project Platform based on the Proof of Atomicity Consensus Algorithm

The Korean government funded 12.8 billion USD to 652 research and development (R&D) projects supported by 20 ministries in 2019. Every year, various organizations are supported to conduct R&D projects focusing on selected core technologies by evaluating emerging technologies which industries are planning to develop. To manage the whole cycle of national R&D projects, information sharing on national R&D projects is very essential. The blockchain technology is considered as a core solution to share information reliably and prevent forgery in various fields. For efficient management of national R&D projects, we enhance and analyse the Perfect Sharing Project (PSP)-Platform based on a new blockchain-based platform for information sharing and forgery prevention. It is a shared platform for national ICT R&D projects management with excellent performance in preventing counterfeiting. As a consensus algorithm is very important to prevent forgery in blockchain, we survey not only architectural aspects and examples of the platform but also the consensus algorithms. Considering characteristics of the PSP-Platform, we adopt an atomic proof (POA) consensus algorithm as a new consensus algorithm in this paper. To prove the validity of the POA consensus algorithm, we have conducted experiments. The experiment results show the outstanding performance of the POA consensus algorithm used in the PSP-Platform in terms of block generation delay and block propagation time

Blockchain: A disruptive technology

The blockchain is built upon a peer-to-peer network, and anyone willing to join the network can do it without asking permission from anyone. Blockchain technology allows the secure transfer of information, assets and money without a third-party intermediary, such as banks or other financial institutions. A blockchain can be used also as a backbone infrastructure for running smart contracts, particular decentralized applications which can be seen as computer programs executed by participants in a blockchain. Blockchain technologies will be used for financial products and have opportunities in all those fields, which requires transparency, immutability, certainty and certification. Blockchain technology is able to fundamentally transform the boundaries of organizations, thus challenging traditional assumptions about organizations being an ideal entity to manage market transactions. Drawing on market data, industry cases, anecdotes and academic frameworks, the authors analyze the drivers of digital trust in the crypto industry from historic, institutional, market and sociological perspectives

FinBook: literary content as digital commodity

This short essay explains the significance of the FinBook intervention, and invites the reader to participate. We have associated each chapter within this book with a financial robot (FinBot), and created a market whereby book content will be traded with financial securities. As human labour increasingly consists of unstable and uncertain work practices and as algorithms replace people on the virtual trading floors of the worlds markets, we see members of society taking advantage of FinBots to invest and make extra funds. Bots of all kinds are making financial decisions for us, searching online on our behalf to help us invest, to consume products and services. Our contribution to this compilation is to turn the collection of chapters in this book into a dynamic investment portfolio, and thereby play out what might happen to the process of buying and consuming literature in the not-so-distant future. By attaching identities (through QR codes) to each chapter, we create a market in which the chapter can ‘perform’. Our FinBots will trade based on features extracted from the authors’ words in this book: the political, ethical and cultural values embedded in the work, and the extent to which the FinBots share authors’ concerns; and the performance of chapters amongst those human and non-human actors that make up the market, and readership. In short, the FinBook model turns our work and the work of our co-authors into an investment portfolio, mediated by the market and the attention of readers. By creating a digital economy specifically around the content of online texts, our chapter and the FinBook platform aims to challenge the reader to consider how their personal values align them with individual articles, and how these become contested as they perform different value judgements about the financial performance of each chapter and the book as a whole. At the same time, by introducing ‘autonomous’ trading bots, we also explore the different ‘network’ affordances that differ between paper based books that’s scarcity is developed through analogue form, and digital forms of books whose uniqueness is reached through encryption. We thereby speak to wider questions about the conditions of an aggressive market in which algorithms subject cultural and intellectual items – books – to economic parameters, and the increasing ubiquity of data bots as actors in our social, political, economic and cultural lives. We understand that our marketization of literature may be an uncomfortable juxtaposition against the conventionally-imagined way a book is created, enjoyed and shared: it is intended to be