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countries. The implementation of blockchain technologies that bring cryptocurrencies into the economy and everyday life also …
Persistent link: https://www.econbiz.de/10012611388
, such as Blockchain, the Internet of Things, artificial intelligence, and machine learning. The attention of the accounting … world has also been on those technological developments, especially on Blockchain Technology. Accounting academics and … professionals have been trying to understand how blockchain technology can affect accounting and what kind of changes might be …
Persistent link: https://www.econbiz.de/10012873473
Centralized cryptocurrency exchanges, which manage annual trading volumes on the scale of trillions of US dollars worldwide, are classified as virtual asset service providers (VASPs). They facilitate the exchange, custody, and transfer of cryptoassets organized in wallets across distributed...
Persistent link: https://www.econbiz.de/10014476145
Trust between parties should drive the negotiation and design of contract: if parties did not trust each others' reaction to unplanned events, they might agree to pay higher costs of negotiation to complete contracts. Using a unique sample of U.S. principal-agent consulting contracts and a...
Persistent link: https://www.econbiz.de/10012425620
Trust between parties should drive contract design: if parties were suspicious about each others' reaction to unplanned events, they might agree to pay higher costs of negotiation ex ante to complete contracts. Using a unique sample of U.S. consulting contracts and a negative shock to trust...
Persistent link: https://www.econbiz.de/10013286013
. This study aims to explore fraud-forensic accounting disclosures from the viewpoint of the four largest public accounting … logged onto Twitter (as @agunggdeagung) and searched for all tweets containing the hashtag #fraud #forensic #accounting # big …4. This research produces the theme of business, knowledge, time, and reports, and the themes of accounting, fraud, and …
Persistent link: https://www.econbiz.de/10014505549
Decentralized finance (DeFi) is a rapidly growing science that leverages distributed ledger technology (DLT) to offer peer-to-peer financial services. The DeFi ecosystem consists of decentralized applications that range from traditional financial services like decentralized stock exchanges (DEX)...
Persistent link: https://www.econbiz.de/10014286626
the manner of a decision-making process within a governance system. The technological characteristics of blockchain … far proved very difficult to seed large-scale commercial DLT (blockchain) projects lies in the arena of project ownership … both the technical design and operational development of a range of DLT (blockchain) systems, including (but not …
Persistent link: https://www.econbiz.de/10012049407
Distributed ledger technologies rely on consensus protocols confronting traders with random waiting times until the transfer of ownership is accomplished. This time consuming settlement process exposes arbitrageurs to price risk and imposes limits to arbitrage. We derive theoretical arbitrage...
Persistent link: https://www.econbiz.de/10011950432
We explore the economics and optimal design of "permissioned" distributed ledger technology (DLT) in a credit economy. Designated validators verify transactions and update the ledger at a cost that is derived from a supermajority voting rule, thus giving rise to a public good provision game....
Persistent link: https://www.econbiz.de/10012625331