This paper provides a comparative analysis of the new blockchain-based start-up and small companies funding methods, namely, initial coin offerings (ICOs) and security token offerings (STOs) against the backdrop of traditional fundraising methods like venture capital and private equity building...

This paper studies recent economic and political developments in Mexico and the potential role of blockchain technology in improving governance and fighting corruption in the country. Mexico badly needs innovative solutions to fight the persistent problems of corruption and inefficient...

This paper applies a data envelopment analysis (DEA) to study the effect of non-bank financial intermediation on bank efficiency in the eight EU jurisdictions individually monitored under the Financial Stability Board (FSB) Global Shadow Banking Monitoring Report in the period 2014-2016.The...

This paper applies a data envelopment analysis (DEA) to study the efficiency and productivity changes in the Swiss cantonal bank sector in the period 2006-2014. The efficiency analysis is conducted by applying the production input-oriented DEA variable returns to scale model in a three-stage...

This paper draws parallels between the OECD principle on disclosure and transparency and the decentralized autonomous organization (DAO) governance on a blockchain. It provides an overview of the DAO concept based on self-executing smart contracts on a blockchain. The blockchain keeps a record...

This paper studies three existing technical solutions for a self-sovereign identity on blockchains and analyzes the arising issues related to the General Data Protection Regulation (GDPR) of the European Union (EU). In particular, the paper provides an overview of the existing Sovrin...

This paper studies the types of data stored in electronic health records (EHRs) and the associated data management practices. In addition, it explores blockchain as a technology that could facilitate trusted and privacy-preserving patient data sharing and access control management as...

This article is a brief review of developments in the banking sector in Bulgaria as well as an analysis of the political and macroeconomic factors that have influenced this process. It begins with a historical overview of the different stages in the evolution of the Bulgarian financial sector....

Stablecoins are digital tokens that aim at “stabilising major currencies directly in the market for cryptoassets”. Stablecoins are built on a set of stabilization tools that classify them as tokenized funds, off-chain collateralized, on-chain collateralized and algorithmic. The paper...

Major legal jurisdictions like the European Union (EU), Switzerland and the US took a stricter stance on ICOs in the period 2017-2018 by imposing anti-money laundering (AML) provisions and know-your-customer (KYC) requirements on ICOs. Shortly after that, a sharp decrease in the number of ICOs...