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Decentralized Finance (DeFi) : How Decentralized Applications (dApps) Disrupt Banking / / by Cordelia Friesendorf, Alena Blütener
| Decentralized Finance (DeFi) : How Decentralized Applications (dApps) Disrupt Banking / / by Cordelia Friesendorf, Alena Blütener |
| Autore | Friesendorf Cordelia |
| Edizione | [1st ed. 2023.] |
| Pubbl/distr/stampa | Cham : , : Springer Nature Switzerland : , : Imprint : Springer, , 2023 |
| Descrizione fisica | 1 online resource (116 pages) |
| Disciplina | 332.0285574 |
| Altri autori (Persone) | BlütenerAlena |
| Collana | Business Guides on the Go |
| Soggetto topico |
Financial engineering
Financial services industry Business information services Capital market Technological innovations Financial Technology and Innovation Financial Services IT in Business Capital Markets Innovation and Technology Management |
| ISBN | 3-031-37488-6 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Intro -- Contents -- Chapter 1: Decentralized Finance: How dApps Disrupt Banking -- 1.1 Loss of Trust in Banking -- 1.1.1 Rethink and Innovation -- 1.1.2 Democratization of Global Banking -- 1.1.3 Motivation and Plan of the Book -- References -- Chapter 2: Centralized Finance -- 2.1 The Evolution of Banking in Europe -- 2.2 Trust as a Store of Value -- 2.3 The Institutionalization of Trust -- 2.4 Banking License Types -- 2.4.1 E-Money Licenses -- 2.4.2 Fintech License -- 2.4.3 Extended License -- 2.4.4 Traditional License -- 2.5 Banking License Criteria -- 2.5.1 Initial Capital -- 2.5.2 Business Plan -- 2.5.3 Requirements for Managing Directors -- 2.5.4 Requirements for the Holders of Qualifying Holdings -- 2.6 Bank Categories, Business Models, and Products -- 2.6.1 Global Banking -- 2.6.2 Private Banking/Wealth Management -- 2.6.3 Investment Banking -- 2.6.4 Retail/Consumer Banking -- 2.6.5 Corporate Banking -- 2.6.6 Bulge Brackets -- 2.6.7 Middle Market -- 2.6.8 Elite Boutique -- 2.6.9 Regional or Industry Boutiques -- 2.7 Banking Competition in Retail Markets -- References -- Chapter 3: Decentralized Finance: Concept and Characteristics -- 3.1 Features of Decentralized Finance -- 3.1.1 Decentralized Applications (dApps) -- 3.1.2 Total Value Locked -- 3.1.2.1 Centralized -- 3.1.2.2 Semi-Decentralized -- 3.1.2.3 Fully Decentralized -- 3.1.3 Accessibility and Market Expansion -- 3.1.4 Remittance Convenience -- 3.1.5 Security via Transparency -- References -- Chapter 4: Decentralized Finance: Technical Basis -- 4.1 Blockchain as Centrifugal Technology -- 4.1.1 Distributed Ledger Technology -- 4.1.2 Non-fungible Tokes -- 4.2 Ethereum's Robust Complementarity -- 4.2.1 Solidity and Ether -- 4.2.2 Gas Fee Pricing Model -- 4.2.3 Decentralized Autonomous Organization -- 4.3 Smart Contract Efficiency -- References.
Chapter 5: Decentralized Finance: Categories -- 5.1 Decentralized Stablecoins -- 5.2 Decentralized Derivatives -- 5.2.1 Future -- 5.2.2 Forwards -- 5.2.3 Options -- 5.2.4 Swaps -- 5.3 Decentralized Payments -- 5.4 Decentralized Lending and Borrowing -- 5.5 Decentralized Exchange -- 5.6 Decentralized Wealth Management -- 5.7 Decentralized Lotteries -- 5.8 Decentralized Insurance -- References -- Chapter 6: Decentralized Finance: Safety and Security -- 6.1 Financial Risks -- 6.2 Technology Risks -- 6.3 Procedural Risks -- 6.4 Regulatory Risks -- References -- Chapter 7: Decentralized Finance: Regulation -- 7.1 Financial Action Task Force (FATF) -- 7.2 Markets in Crypto Assets -- 7.3 Environment, Social, and Governance (ESG) -- 7.4 Regulatory Transformation -- References -- Chapter 8: Comparison of Centralized and Decentralized Finance -- 8.1 Criterion-Based Tabular Comparison -- 8.2 Scope of Differences -- References -- Chapter 9: Decentralized Finance: Use-Cases -- 9.1 Decentralized Stablecoins -- 9.1.1 Custodial Stablecoins -- 9.1.2 Asset-Backed Stablecoins -- 9.1.3 Algorithmic Stablecoins -- 9.2 Decentralized Exchanges -- 9.3 Decentralized Credit -- 9.4 Decentralized Derivatives -- 9.5 Decentralized Insurance -- 9.6 Decentralized Asset Management -- References -- Chapter 10: Decentralized Finance: Empirical Analysis of Customer Willingness -- 10.1 Appraisal of the Qualitative Approach -- 10.2 Hypothesis-Building and Validation -- 10.3 Survey Questions and Results -- 10.3.1 Customer Age Demographics -- 10.3.2 Generational Satisfaction with Their Bank -- 10.3.3 Bank Recommendation Tendency -- 10.3.4 Reasons for Not Recommending Their Bank -- 10.3.5 Environment, Social, and Governance (ESG) Impact -- 10.3.6 The Value of Sustainability as Progressive or Futuristic -- 10.3.7 Customer as Investor -- 10.3.8 Investment Preferences and Behaviors. 10.3.9 Zero-Switching Costs Scenario -- 10.3.10 Green Pressure on Banks in Germany -- 10.3.11 Inclination to Cryptocurrency Investments -- 10.3.12 Place of Bitcoin -- References -- Chapter 11: Discussion and Conclusion -- 11.1 Learnings and Implications -- 11.1.1 Transparency Builds Trust -- 11.1.2 Closing the Banking vs. Unbanked People Gap -- 11.1.3 ESG: Toward a Greener and Fairer World -- 11.1.4 Enhancing Digital Trust -- 11.1.5 DeFi Creates Low-Cost Entry -- 11.1.6 Need for Advanced DLT Solutions -- 11.1.7 Increasing Financial Inclusiveness -- 11.1.8 Growth-Supportive Regulation -- 11.1.9 Interoperability and Standardization -- 11.1.10 Increased Accountability in Decision-Making -- 11.1.11 Diversity of Ideas and Creativity -- 11.1.12 Elimination of the Middleman -- 11.1.13 Market Transition -- 11.1.14 Ownership and Control -- 11.1.15 Auditability -- 11.2 Strategic Agility: Incumbent Positioning of Banks -- 11.2.1 Operational Versus Strategic Agility -- 11.2.2 Internal Change Management -- 11.2.3 Digital Portfolio in Wealth Products -- 11.2.4 Digital Identity Products as an Opportunity -- 11.3 Recent Developments and Future Outlook -- 11.4 Conclusion -- References. |
| Record Nr. | UNINA-9910742485503321 |
Friesendorf Cordelia
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| Cham : , : Springer Nature Switzerland : , : Imprint : Springer, , 2023 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Private Equity in Germany : Venture Capital for Digital Platform Start-ups / / by Cordelia Friesendorf, Navid J. Mir Haschemi
| Private Equity in Germany : Venture Capital for Digital Platform Start-ups / / by Cordelia Friesendorf, Navid J. Mir Haschemi |
| Autore | Friesendorf Cordelia |
| Edizione | [1st ed. 2023.] |
| Pubbl/distr/stampa | Cham : , : Springer Nature Switzerland : , : Imprint : Springer, , 2023 |
| Descrizione fisica | 1 online resource (116 pages) |
| Disciplina |
658.421
658.15 |
| Altri autori (Persone) | Mir HaschemiNavid J |
| Collana | Business Guides on the Go |
| Soggetto topico |
New business enterprises—Finance
Entrepreneurship New business enterprises Technological innovations Capital market Entrepreneurial Finance Innovation and Technology Management Capital Markets |
| ISBN | 3-031-33708-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | 1 The Imperative of Private Equity in Start-up Financing in Germany -- 1.1 No Equity, No Innovation -- 1.2 The Role of Venture Capital -- 1.3 Research Gap in Start-up Financing -- 1.4 Objectives of the Book -- 1.5 Methodological Approach -- 1.6 Plan of the Book -- 2 The Nature and Characteristics of Start-ups -- 2.1 Start-ups versus Conventional Firms -- 2.2 Start-up Characteristics -- 2.3 Financing Start-ups -- 2.4 Lifecycle and Financing Phases of Start-ups -- 2.4.1 Phase I: Early -- 2.4.1.1 Pre-seed -- 2.4.1.2 Seed -- 2.4.1.3 Start-up -- 2.4.2 Phase II: Expansion -- 2.4.3 Phase III: Late -- 2.4.4 Exit -- 2.5 Challenges Start-ups face in Germany -- 2.6 Germany’s Start-up Financing Environment -- 2.7 Germany’s Off-market Equity Financing Environment -- 3 Digital Platform Start-ups -- 3.1 Going Digital: An Undeniable Reality -- 3.2 Qualifying Characteristics of Digital Platform Start-ups -- 3.3 Drivers of Digital Platform Start-ups -- 3.4 Digital Platform Trends -- 3.5 Digital Platform Start-ups: Four Cases -- 3.5.1 Wimdu: at the mercy of a strong competitor -- 3.5.2 Monoqi: stagnation and investor strife -- 3.5.3 Omio: Exponential growth as a financing magnet -- 3.5.4 Medwing: the indispensability of innovativeness -- 3.6 Criterion for Digital Platform Start-up Success in Germany -- 3.7 Distinction between Start-ups and Digital Platform Start-ups -- 4 The Emergence of Entrepreneurial Ecosystems -- 4.1 Status Quo of Germany’s Entrepreneurial Ecosystem -- 4.2 Agglomeration as a Necessary Condition -- 4.3 Transformation via Start-up Networks -- 4.4 Inadequacies and Upcoming Challenges -- 5 Private-Equity as Start-up Financing Source -- 5.1 Features of Private Equity -- 5.2 Status Quo of Private Equity in Germany -- 5.3 Impending and Upcoming Challenges -- 5.4 The Debate on Regulation -- 5.5 Private Equity Volume in Germany -- 6 Venture Capital as Start-up Financing Source -- 6.1 The Beginnings of Venture Capital -- 6.2 Venture Capital Characteristics -- 6.3 Status Quo of Venture Capital in Germany -- 6.4 Expected Venture Capital Growth in Germany -- 6.5 Venture Capital Volume in Germany -- 7 Venture Capital as a Subset of Private Equity -- 7.1 Structural Differences between Private Equity and Venture Capital7.2 Decision-Making Criteria in Private Equity -- 7.2.1 Stereotypical target company approach -- 7.2.2 Non-stereotypical basic targeting approach -- 7.2.3 Target criteria before acquisition -- 7.2.4 Private Equity Investment Criteria -- 7.2.4.1 Finance -- 7.2.4.2 Strategy -- 7.2.4.3 Management -- 7.2.4.4 Product and service -- 7.2.4.5 Additional aspects -- 7.2.5 Venture Capital Investment Criteria -- 7.2.6 Financial Resource Crunch may hamper Start-up growth -- 8 Research Design -- 8.1 Helferrich’s (2014) Guided Expert Interview -- 8.2 Research Ethics -- 8.3 Research Questions and Hypotheses -- 8.4 Choice and Appraisal of Method -- 8.5 Methodological Approach -- 8.6 Selection of Experts -- 8.7 Interviewee Details -- 8.8 Guideline-based Expert Interview -- 8.9 Data preparation based on Mayring’s (2010) Content Analysis Method -- 8.10 Limitations of Employed Research Method -- 9 Research Analyses and Results -- 9.1 Founding and -- or Managing Team -- 9.1.1 Diversity of Team Skills, Tech-world Knowhow and Marketing -- 9.1.2 Conviction of Idea and Founder -- Team Drive -- 9.1.3 Sales Force and Process-Orientation -- 9.1.4 Multiple Founders, Clarity of Goal, and Ambition -- 9.1.5 Pitching Quality and Argumentative Efficiency as vital to Seed Investors -- 9.1.6 Conclusion -- 9.2 Innovativeness -- 9.2.1 Uniqueness and Market Differentiation -- 9.2.2 Functionality of Business Idea -- 9.2.3 Business Model as a Solution -- 9.2.4 Patents and Buyer Power -- 9.2.5 Conclusion -- 9.3 Market Attractiveness -- 9.3.1 Value of the Online Market -- 9.3.2 Size of the Identified Market -- 9.3.3 Minimum Viable Product and Uncontested Markets -- 9.3.4 Potential Market Monopoly and Niche-Building -- 9.3.5 Conclusion -- 9.4 Financial Metrics -- 9.4.1 Business Plan as Nice-to-Have -- 9.4.2 Customer Acquisition as Key Metric -- 9.4.3 Customer Retention Rate and Key Account Management -- 9.4.4 Conclusion -- 9.5 Scalability -- 9.5.1 Scalability enhances Valuation -- 9.5.2 Pace of Critical Mass -- 9.5.3 Exponential User Growth -- 9.5.4 Scalability as Founders’ Attribute -- 9.5.5 Conclusion -- 9.6 Prominent Investor -- 9.6.1 Investors as Endorsers -- 9.6.2 Tier-1 Investors enhance Start-up Competitiveness -- 9.6.3 Conclusion -- 9.7 Revenue Growth -- 9.8 Location -- 10 Summary and Recommendations -- 10.1 Research Design Summary -- 10.2 Discussion of Results -- 10.2.1 Primary Criteria -- 10.2.2 Secondary Criteria -- 10.2.3 Tertiary Criteria -- 10.2.4 Non-Criteria -- 10.2.5 Conclusion -- 10.3 Implications for Venture Capital Strategy -- 10.3.1 Skillset and Team Structure -- 10.3.2 Sales Mapping -- 10.3.3 Team Dynamics in Hardships -- 10.3.4 Dynamic Capabilities -- 10.3.5 Drive for Innovativeness -- 10.3.6 Elucidation of Unique Selling Proposition -- 10.3.7 Problem-Solving Approach -- 10.3.8 Indispensability of Online Market -- 10.3.9 Niche-Market Value -- 10.3.10 Expected Customer Growth, Retention and Churn Rate -- 10.3.11 Clarification of Scalability Potential -- 10.3.12 Track Record of Venture Capital Investor -- 10.3.13 Team-Building and Long-Term Skill-Planning -- 10.4 Implications for Research. |
| Record Nr. | UNINA-9910734831703321 |
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Friesendorf Cordelia
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| Cham : , : Springer Nature Switzerland : , : Imprint : Springer, , 2023 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||