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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  
Cham : , : Springer Nature Switzerland : , : Imprint : Springer, , 2023
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
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
Friesendorf Cordelia  
Cham : , : Springer Nature Switzerland : , : Imprint : Springer, , 2023
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui