Fintech and Blockchain Based Innovation: Technology Driven Business Models and Disruption
Maurizio Pompella () and
Lorenzo Costantino ()
Additional contact information
Maurizio Pompella: Siena University
Lorenzo Costantino: IDP
Chapter Chapter 18 in The Palgrave Handbook of FinTech and Blockchain, 2021, pp 403-430 from Springer
Abstract:
Abstract Information technology is constantly redefining business models. In banking and finance, blockchain and fintech are advancing service provision and users’ engagement, leading some media to coin the expression “Uberization of banking”. This chapter (Part 1 of two) extrapolates from sharing economy models to conclude that, notwithstanding inherent innovative features, blockchain and fintech are not destined to disrupt finance and banking. Through analogy and successive approximations, the authors identify the limitations of the arguments for disruption. Moreover, starting from stylized facts, the authors raise concerns on potential threats arising from financial innovations such as Tokenomics, referred to as “Naught-Backed Securities”. The Handbook concluding Chapter 22 (Part 2 of two) puts forward options for regulators triggered by COVID-19, bringing to the conclusion that the pandemic is an unprecedented opportunity to redefining boundaries and refocusing the priority on innovation for transparency.
Date: 2021
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-66433-6_18
Ordering information: This item can be ordered from
http://www.springer.com/9783030664336
DOI: 10.1007/978-3-030-66433-6_18
Access Statistics for this chapter
More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().