PL EN


Journal
2019 | 1(57) | 9–35
Article title

Fintech i blockchain – kierunki rozwoju gospodarki cyfrowej

Content
Title variants
EN
FinTech and blockchain: directions of development of digital economy
Languages of publication
PL
Abstracts
EN
The paper looks at the selected issues connected with the digital economy, namely innovations such as FinTech and blockchain, as a possible direction of its development. First, the author discusses FinTech, a technology that aims to compete with traditional methods of delivery of financial services. Next, he raises the question of blockchain that records and maintains transactions made in cryptocurrency in a peer-to-peer network. The relevant definitions, key areas, regulatory framework, benefits and challenges related to both innovations are also presented.
Journal
Year
Issue
Pages
9–35
Physical description
Contributors
  • Profesor doktor hab., Kolegium Nauk o Przedsiębiorstwie SGH, Wydział Zarządzania UW;
References
  • 1. Andreasyan T., Sibos 2017: fear the bigtech, https://www.bankingtech.com/2017/10/sibos-2017-fear-the-bigtech/.
  • 2. Banks, fintech and Big Tech, http://www.talengo.com/en/banks-fintech-and-big-tech/.
  • 3. Barsan I., Legal Challenges of Initial Coin Offerings (ICO), https://www.law.ox.ac.uk/business-law-blog/blog/2017/12/legal-challenges-initial-coin-offerings-ico.
  • 4. BCBS Consultation on Sound Practices Relating to Fintech Implications for Banks and Supervisors, Bank of International Settlements, Basle, August 2017, https://www.bis.org/bcbs/publ/d415.pdf.
  • 5. Big Tech, Not Fintech, Causing Greatest Disruption to Banking and Insurance, https://www.weforum.org/press/2017/08/big-tech-not-fintech-causing-greatest-disruption-to-banking-and-insurance/.
  • 6. Big tech, not fintech, disrupting banking, insurance, http://www.fintechnews.org/big-tech/,
  • 7. Brookes J., Big Tech to challenge Fintech and incumbents in financial services sector: Capgemini, https://which-50.com/big-tech-challenge-fintech-incumbents-financial-services-sector-capgemini/.
  • 8. Brūck Ch., Nikiforow N., Wagener S., Neue Verkettungen im Controlling durch die Blockchain-Technologie, „Der Betrieb” 2018, nr 16.
  • 9. Capgemini’s World FinTech Report 2018 Highlights Symbiotic Collaboration as Key to Future Financial Services Success, https://www.capgemini.com/news/capgeminis-world-fintech-report-2018-highlights-symbiotic-collaboration-as-key-to-future-financial-services-success/.
  • 10. Cocheo S., Mixing banks, fintech, and „bigtech”, http://www.bankingexchange.com/news-feed/item/7453-mixing-banks-fintech-and-bigtech.
  • 11. Crone von der H.C., Grob T., Die virtuelle Generalversammlung, „Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht” 2018, nr 1.
  • 12. Cryptocurrencies and ICOs – A Rough Global Guide to Regulation, https://www.ccn.com/cryptocurrencies-icos-rough-guide-regulation/.
  • 13. Czarnecki J., Wykorzystanie technologii blockchain w działalności przedsiębiorstw [w:] Innowacyjna fala w społeczeństwie i gospodarce, red. J.W. Pietrewicz, R. Sobiecki, OW SGH, Warszawa 2018.
  • 14. Dapp T.F., Fintech reloaded – die Bank als digitales Ökosystem, DB Research, Frankfurt am Main 2015, https://www.dbresearch.com/PROD/DBR_INTERNET_DE-PROD/PROD0000000000354505/Fintech+reloaded+%E2%80%93+Die+Bank+als+digitales+%C3%96kosyste.pdf.
  • 15. Davidson S., De Filippi P., Potts J., Economics of Blockchain, Public Choice Conference, May 2016, Fort Lauderdale, United States, Proceedings of Public Choice Conference, 2016, http://hal.in2p3.fr/hal-01382002/document.
  • 16. Detrixhe J., Big tech firms like Amazon are eager to eat the banking industry’s lunch, https://qz.com/1303227/prepare-for-stock-market-weirdness-when-these-teams-play-in-the-world-cup/.
  • 17. Dougal J., The next big competitor to banks – not fintech but big tech, https://banking.com/analysis/next-big-competitor-banks-not-fintech-big-tech/.
  • 18. ECB-SSM Releases Two New supervisory Guides on Banking Licence Applications, Baker&McKenzie, September 2017, https://www.bakermckenzie.com/-/media/files/insight/publications/ar_germany_ecbguideslicenseapplications_sep17.pdf?la=en.
  • 19. Finance chiefs warn on Big Tech’s shift to banking, https://www.ft.com/content/d9b3d79e-0995-11e8-8eb7-42f857ea9f09.
  • 20. Fintech decoded: The capital markets infrastructure opportunity, https://www.mckinsey.com/featured-insights/fintech,
  • 21. Geis J., FinTech vs. BigTech and What Community FIs Should Know, http://discover.jackhenry.com/strategicallyspeaking/fintech-vs.-bigtech-and-what-community-fis-should-know.
  • 22. Gerlach I., Oser P., Ausgewählte Aspekte zur handelsrechtlichen Bilanzierung von Kryptowährungen, „Der Betrieb” 2018, nr 26.
  • 23. Global Fintech Report Q1 2018, https://www.cbinsights.com/research/report/fintech-trends-q1-2018/.
  • 24. Harper C., SEC and CFTC Make Case for Crypto Regulations Before Senate, https://coincentral.com/sec-and-cftc-make-case-for-crypto-regulations-before-senate/.
  • 25. Hötzel D., Schober T., Wicher Ch., Steuerfragen zu Kryptowährungen, „Internationale Steuer- und Wirtschaftsrecht” 2018, nr 10.
  • 26. ICO and Crowdsale: A Legal Guide for Cryptocurrency Investors, http://axon.partners/uncategorized/ico-and-crowdsale-literacy-class-for-cryptocurrency-investors/.
  • 27. ICO Law and Compliance: Is Your ICO Subject To Regulation?, https://www.draglet.com/ico-law-compliance.
  • 28. Innovate, Collaborate, Deploy. The EBF Vision for Banking in the Digital Single Market, European Banking Federation, November 2016, https://www.ebf.eu/wp-content/uploads/2017/05/EBF-vision-for-banking-in-the-Digital-Single-Market-October-2016.pdf.
  • 29. Langer M., Nägele T., Blockchain und tokenbasierte Unternehmen in Liechtenstein, „Internationale Steuer- und Wirtschaftsrecht” 2018, nr 6.
  • 30. Laurent L., Big Tech Firms Are Behaving Like Big Banks, https://www.bloomberg.com/gadfly/articles/2018-03-12/big-tech-is-already-behaving-like-a-big-bank.
  • 31. Legal Status of ICO, https://medium.com/universablockchain/legal-status-of-ico-1e9964f4e087.
  • 32. Lindholm T., Long C., A Haven for Blockchain: The Case for Wyoming, https://www.coindesk.com/haven-blockchain-case-wyoming/.
  • 33. Manthorpe R., Hussein A., Six ways to regulate cryptocurrency without killing it, http://www.wired.co.uk/article/six-ways-to-regulate-cryptocurrency-without-destroying-its-future.
  • 34. Marks J.P., The Legal Risk to ICOs That No One’s Talking About, https://www.coindesk.com/legal-risk-icos-private-lawsuits-securities-laws/.
  • 35. Marous J., Banking + Fintech Collaboration: More Important Than Ever, https://thefinancialbrand.com/71050/banking-fintech-collaboration-bigtech-trends/.
  • 36. Martyniuk A., Ekspansja zagraniczna jest warunkiem koniecznym rozwoju polskiego sektora FinTech, https://www2.deloitte.com/pl/pl/pages/press-releases/articles/ekspansja-zagraniczna-jest-warunkiem-koniecznym-rozwoju-polskiego-sektora-fintech.html.
  • 37. Maume P., In Unchartered Territory – Banking Supervision meets Fintech, „Corporate Finance” 2017, nr 11–12.
  • 38. Megabrand technology firms could dramatically affect traditional institutions’ fortunes if they enter the financial services market, says report, http://www3.weforum.org/docs/Beyond_Fintech_-_A_Pragmatic_Assessment_of_Disruptive_Potential_in_Financial_Services.pdf.
  • 39. Miglionico A., The Impact of Fintech on Securities and Secured Transactions: What is New in the Financial Industry?, „Journal of International Banking Law and Regulation” 2016, nr 12.
  • 40. Mougayar W., The Business Blockchain, Promise, Practice and Application of the Next Internet Technology, John & Wiley, New Jersey 2018.
  • 41. Pielke W., Besteuerung digitaler Währungen, „Internationale Steuer- und Wirtschaftsrecht” 2018, nr 6.
  • 42. Pilkington M., Blockchain Technology: Principles and Applications [w:] Research Handbook on Digital Transformations, red. F.X. Olleros, M. Zhegu, Edward Elgar, 2016, https://papers.ssrn.com/sol3/Papers.cfm?abstract_id=2662660.
  • 43. Ploom M., Blockchainbasierte Geschäftsmodelle in der Finanzindustrie [w:] Blockchain Technology: Einführung für Business- und IT-Managers, red. D. Burgwinkel, De Gruyter, Oldenbourg 2016.
  • 44. Redrawing the lines: FinTech’s growing influence on Financial Services, https://www.pwc.com/gx/en/industries/financial-services/fintech-survey/report.html.
  • 45. Reese F., ICO Regulations by Country, https://www.bitcoinmarketjournal.com/ico-regulations/.
  • 46. Rhodes D., The State of Bitcoin Mining: Legal Regulations Around the World, https://coincentral.com/bitcoin-mining-legal-regulations-around-the-world/.
  • 47. Rückeshäuser N., Distributed Ledgers for the Prevention of Accounting Fraud: Blockchains between Expectations and Reality, Universität Freiburg, Freiburg 2017.
  • 48. Schalkowski H., Ortiz A., Der Einfluss von Blockchains auf die Corporate Governance, „Zeitschrift fūr Corporate Governance” 2017, nr 5.
  • 49. Shecter B., Big tech, not fintech, the top threat to incumbent banks, McKinsey report says, http://business.financialpost.com/news/fp-street/big-tech-not-fintech-the-top-threat-to-incumbent-banks-mckinsey-report-says.
  • 50. So you want to conduct an ICO? Consider these legal issues first, https://www.techinasia.com/talk/conduct-ico-legal-issues.
  • 51. Sound Practices: implications of fintech developments for banks and bank supervisors, Basel Committee on Banking Supervision, February 2018, https://www.bis.org/bcbs/publ/d431.pdf.
  • 52. Spindler G., Gesellschaftsrecht und Digitalisierung, „Zeitschrift fūr Unternehmens- und Gesellschaftsrecht” 2018, nr 1, cz. 47.
  • 53. Swan M., Blockchain. Blueprint for a New Economy, O’Reilly Media, Sebastopol 2015, http://w2.blockchain-tec.net/blockchain/blockchain-by-melanie-swan.pdf.
  • 54. Szostek D., Blockchain a prawo, C.H. Beck, Warszawa 2018.
  • 55. Szpringer W., Blockchain jako innowacja systemowa. Od internetu informacji do internetu wartości. Wyzwania dla sektora finansowego, Poltext, Warszawa 2018.
  • 56. Szpringer W., Fintech – nowe zjawisko na rynku usług finansowych, „e-Mentor” 2016, nr 2, http://www.e-mentor.edu.pl/artykul/index/numer/64/id/1240/.
  • 57. Szpringer W., Fin-tech – w jakiej mierze start-upy mogą być konkurentem dla banków?, http://alterum.pl/informacje-85.
  • 58. Szpringer W., Nowe technologie a sektor finansowy. Fintech jako szansa i zagrożenie, Poltext, Warszawa 2017.
  • 59. Tapscott D., Tapscott A., Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World, Penguin Random House LLC, 2016.
  • 60. The Pulse of Fintech – 2018, https://home.kpmg.com/xx/en/home/insights/2018/07/pulse-of-fintech-h1-2018.html.
  • 61. Tomaszewski R., Ludzie ufają swoim bankom. Czy dzięki FinTechom mogą je pokochać?, https://fintek.pl/ludzie-ufaja-swoim-bankom-dzieki-fintechom-moga-je-pokochac/.
  • 62. Travis Laster J., Rosner M.L., Distributed Stock Ledgers and Delaware Law „The Business Lawyer” 2018, t. 73, nr 2.
  • 63. US Treasury Official Calls for Global Crypto Regulation, https://www.coindesk.com/us-treasury-official-calls-for-global-crypto-regulation/.
  • 64. Van der Elst Ch., Lafarre A., Blockchain and the 21st Century Annual General Meeting, „European Company Law Journal” 2017, t. 14, nr 4.
  • 65. Weber R.H., Regulatory Environment of the Ledger Technology. Taking a Closer Look at Regulatory Initiatives and Challenges, „Computer Law Review” 2017, nr 1.
  • 66. Wettbewerb 2018, Monopollkommission, Hauptgutachten, Nomos, Baden-Baden 2018, https://www.monopolkommission.de/images/HG22/HGXXII_Gesamt.pdf.
  • 67. Wilson J.D., Creating Strategic Value through Financial Technology, Wiley, New Jersey 2017.
  • 68. World FinTech Report 2018, https://www.efma.com/study/detail/26811.
  • 69. Young J., Ethereum May Be Regulated Like Bitcoin, https://themerkle.com/ethereum-may-be-regulated-like-bitcoin/.
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-f465b2af-1778-401b-847a-b93b963118ee
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.