FINANCIAL SOLUTIONS GLOBTECH – FINTECH

Enzo Reali and Georgi Nedelchev
Additional contact information
Enzo Reali: European Union Experts
Georgi Nedelchev: Institute for Bulgarian Direct Democracy, International Movement for Money Reform, Sofia, Bulgaria

Journal of Financial and Monetary Economics, 2017, vol. 4, issue 1, 205-210

Abstract: The economic paradigm, based on the so-called startup system,that supports these mega-platforms, however, has failed. The start-up successful initiative are very few and are driven to ambiguous venture capital companies ending into join the commonly known Facebook and Google. One alternative to the said system is to generate DECENTRALISED economies. The network economy must be managed openly by a 'third entity' - which we can call it 'microeconomics', 'crowd funding', 'commons economy', 'decentralized P2P network', 'public infrastructure‘. It is therefore a question of creating free networks 'free platform societies', with economic architecture based on cooperation between people.

Keywords: crypto currencies; financial mechanism; Blockchain technology (search for similar items in EconPapers)
JEL-codes: G23 (search for similar items in EconPapers)
Date: 2017
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