TY - JOUR T1 - Editorial: Insights (December 2020) JF - Technology Innovation Management Review Y1 - 2020 A1 - Stoyan Tanev A1 - Gregory Sandstrom KW - 5G technology; Bitcoin KW - blockchain KW - business model KW - business model innovation KW - crypto assets KW - cryptocurrencies KW - Diem KW - Diem Association KW - digital currency KW - distributed ledger technology KW - Facebook KW - fiat currencies KW - financial inclusion KW - Financial industry KW - front-end KW - ideation KW - innovation KW - Libra KW - local currencies KW - Management Model KW - not-for-profit KW - research center KW - strategic foresight KW - strategy KW - technology firms; project portfolio management KW - tokenization; product innovativeness KW - visioning PB - Talent First Network CY - Ottawa VL - 10 UR - timreview.ca/article/1410 IS - 12 U1 - Technology Innovation Management Review Stoyan Tanev, PhD, MSc, MEng, MA, is Associate Professor of Technology Entrepreneurship and Innovation Management associated with the Technology Innovation Management (TIM) Program, Sprott School of Business, Carleton University, Ottawa, ON, Canada. Before re-joining Carleton University, Dr. Tanev was part of the Innovation and Design Engineering Section, Faculty of Engineering, University of Southern Denmark (SDU), Odense, Denmark. Dr. Tanev has a multidisciplinary background including MSc in Physics (Sofia University, Bulgaria), PhD in Physics (1995, University Pierre and Marie Curie, Paris, France, co-awarded by Sofia University, Bulgaria), MEng in Technology Management (2005, Carleton University, Ottawa, Canada), MA in Orthodox Theology (2009, University of Sherbrooke, Montreal Campus, QC, Canada) and PhD in Theology (2012, Sofia University, Bulgaria). Stoyan has published multiple articles in several research domains. His current research interests are in the fields of technology entrepreneurship and innovation management, design principles and growth modes of global technology start-ups, business analytics, topic modeling and text mining. He has also an interest in interdisciplinary issues on the interface of the natural and social sciences. U2 - Technology Innovation Management Review Gregory Sandstrom is Managing Editor of the TIM Review. He is a former Associate Professor of Mass Media and Communications at the European Humanities University (2012-2017), and Affiliated Associate Professor at the Social Innovations Laboratory, Mykolas Romeris University (2016-2017) in Vilnius, Lithuania. His PhD is from St. Petersburg State University and the Sociological Institute of the Russian Academy of Sciences. He interned at the S.I. Vavilov Institute for the History of Science and Technology, St. Petersburg, sector on Sociology of Science (2010). He was a Postdoctoral Research Fellow at the Lithuanian Science Council (2013-2015), for which he conducted research visits to the Copernican Centre for Interdisciplinary Studies (Krakow), the University of Edinburgh's Extended Knowledge Project, Cambridge University's History and Philosophy of Science Department, and Virginia State University's Science and Technology Studies program, as well as previously at the Autonomous National University of Mexico's Institute for Applied Mathematics and Systems (2010-2011). He worked for the Bard College Institute for Writing and Thinking, leading student and faculty language and communications workshops, most recently (2013, 2014, 2017) in Yangon, Myanmar. His current research interests are distributed ledger technology (blockchain) systems and digital extension services. ER - TY - JOUR T1 - Editorial: Insights (June 2020) JF - Technology Innovation Management Review Y1 - 2020 A1 - Stoyan Tanev A1 - Gregory Sandstrom KW - Bitcoin KW - blockchain KW - crowdfunding KW - crypto assets KW - cryptocurrencies KW - developing countries. KW - distributed ledger technology KW - Employeedriven innovation KW - entrepreneurial finance KW - entrepreneurship KW - Ethereum KW - Financial industry KW - FinTech KW - ICOs KW - IEO KW - innovation KW - intellectual property rights KW - internationalization KW - IT industry KW - job autonomy KW - mining industry KW - moral hazard KW - need for autonomy KW - new company KW - Porter's Five Forces framework KW - regulation KW - scaling company value KW - scaling-up KW - self-leadership KW - signaling KW - SME KW - STO KW - sustainability KW - technological environment KW - technology KW - technology readiness KW - token offering KW - token sales KW - tokenization KW - value proposition KW - value proposition alignment KW - venture capital PB - Talent First Network CY - Ottawa VL - 10 UR - timreview.ca/article/1363 IS - 6 U1 - Technology Innovation Management Review Stoyan Tanev, PhD, MSc, MEng, MA, is Associate Professor of Technology Entrepreneurship and Innovation Management associated with the Technology Innovation Management (TIM) Program, Sprott School of Business, Carleton University, Ottawa, ON, Canada. Before re-joining Carleton University, Dr. Tanev was part of the Innovation and Design Engineering Section, Faculty of Engineering, University of Southern Denmark (SDU), Odense, Denmark. Dr. Tanev has a multidisciplinary background including MSc in Physics (Sofia University, Bulgaria), PhD in Physics (1995, University Pierre and Marie Curie, Paris, France, co-awarded by Sofia University, Bulgaria), MEng in Technology Management (2005, Carleton University, Ottawa, Canada), MA in Orthodox Theology (2009, University of Sherbrooke, Montreal Campus, QC, Canada) and PhD in Theology (2012, Sofia University, Bulgaria). Stoyan has published multiple articles in several research domains. His current research interests are in the fields of technology entrepreneurship and innovation management, design principles and growth modes of global technology start-ups, business analytics, topic modeling and text mining. He has also an interest in interdisciplinary issues on the interface of the natural and social sciences. U2 - Technology Innovation Management Review Gregory Sandstrom is Managing Editor of the TIM Review. He is a former Associate Professor of Mass Media and Communications at the European Humanities University (2012-2017), and Affiliated Associate Professor at the Social Innovations Laboratory, Mykolas Romeris University (2016-2017) in Vilnius, Lithuania. He completed a PhD from the Faculty of Sociology at St. Petersburg State University and the Sociological Institute of the Russian Academy of Sciences, sector on Sociology of Science (2010). He was a Postdoctoral Research Fellow at the Lithuanian Science Council (2013-2015), for which he conducted research visits to the Copernican Centre for Interdisciplinary Studies (Krakow), the University of Edinburgh's Extended Knowledge Project, Cambridge University's History and Philosophy of Science Department, and Virginia State University's Science and Technology Studies program, as well as previously at the Autonomous National University of Mexico's Institute for Applied Mathematics and Systems (2010-2011). He was affiliated with the Bard College Institute for Writing and Thinking, leading student and faculty language and communications workshops, most recently (2013, 2014, 2017) in Yangon, Myanmar. He is a promoter and builder of blockchain distributed ledger technology systems and digital extension services. ER - TY - JOUR T1 - Facebook’s Digital Currency Venture “Diem”: the new Frontier ... or a Galaxy far, far away? JF - Technology Innovation Management Review Y1 - 2020 A1 - Jahja Rrustemi A1 - Nils S. Tuchschmid KW - Bitcoin KW - blockchain KW - crypto assets KW - cryptocurrencies KW - Diem KW - Diem Association KW - digital currency KW - distributed ledger technology KW - Facebook KW - fiat currencies KW - financial inclusion KW - Financial industry KW - Libra KW - local currencies KW - tokenization AB - This article focuses on Facebook's new digital currency, initially called "Libra" and renamed in December 2020 "Diem", that has been designed and proposed by the Diem Association (formerly the Libra Association). It briefly reflects on the historical meaning of money and currency, as well as "local currencies" viewed as precursors to the new "digital currencies" or "cryptocurrencies". The paper presents a general overview of the Diem project, particularly from the perspective of financial theory and practise. It looks specifically into Diem's business model and analyzes the project's planned and potential revenue streams, according to official documents published by the Diem Association. The research identifies potential obstacles and hurdles this digital currency would (since it has not happened yet) face on launch day and assesses whether the project is feasible in its current form. In the authors' view, although some early concerns were addressed in the Diem White Paper 2.0, the Diem project is only questionably ready for commercial launch in its current state. Speaking directly to the financial aspects of the Diem Association's project, the current regulatory hurdles and institutional pressures seem difficult to bypass without making some additional noticeable and meaningful changes to Diem. PB - Talent First Network CY - Ottawa VL - 10 UR - timreview.ca/article/1407 IS - 12 U1 - Haute Ecole de Gestion Fribourg Jahja Rrustemi is a scientific collaborator at the Haute Ecole de Gestion Fribourg (HEG-FR), University of Applied Sciences and Arts Western Switzerland. He holds a Master of Science in Wealth Management at the University of Geneva. The main focus of his research relates to Portfolio Allocation Methods, Risk Minimization, Forward-looking Risk Measures as well as Cryptocurrencies and the Tokenization of the economy. U2 - Haute Ecole de Gestion Fribourg Nils S. Tuchschmid is professor of Finance and head of the Finance Institute at the Haute Ecole de Gestion Fribourg (HEG-FR), University of Applied Sciences and Arts Western Switzerland. Before joining HEG-FR, Nils was a Partner, Head of Tactical Trading Strategies and Chairman of the Investment Committee at Tages Group. Previously, he was the Co-Head of the Alternative Funds Advisory team at UBS and Head of Multi-Manager Portfolios at Credit-Suisse. He also worked as Strategist and Head of quantitative research and alternative investments at Banque Cantonale Vaudoise. Nils was Professor of Banking and Finance at HEG Geneva and Professor of Finance at HEC Lausanne University. He holds a Ph.D. in Economics from the University of Geneva. ER - TY - JOUR T1 - Fundraising Campaigns in a Digital Economy: Lessons from a Swiss Synthetic Diamond Venture's Initial Coin Offering (ICO) JF - Technology Innovation Management Review Y1 - 2020 A1 - Jahja Rrustemi A1 - Nils S. Tuchschmid KW - Bitcoin KW - blockchain KW - crowdfunding KW - crypto assets KW - cryptocurrencies KW - distributed ledger technology KW - entrepreneurial finance KW - Ethereum KW - Financial industry KW - FinTech KW - ICOs KW - IEO KW - moral hazard. KW - signaling KW - STO KW - token offering KW - token sales KW - tokenization KW - venture capital AB - As economies digitalize and many local businesses gradually internationalize, crowdfunding platforms have offered a new way for ventures to raise capital. Relying on distributed ledger technology (DLT, blockchain), the method of "tokenization" now seems to be the next way for digital economics to be actualised in practise. Digitalizing some of the production and selling processes through crypto-tokenization technology has brought with it new perspectives and opportunities. Any thorough consideration of the logic of "distributed systems" applied to economics is bound to see that it potentially brings considerable disruptions and significant changes in how companies get access to funding. Cryptocurrencies, and subsequently "tokens" initially issued from "initial coin offerings" (ICOs) have answered an obvious need for efficient, borderless, and secure flows of capital. This article first summarizes what early academic research tells us about ICOs based on DLTs and their factors of success. We then use the case of LakeDiamond, a Swiss venture in the business of growing and polishing synthetic diamonds, to present and contextualize the process of holding an ICO, which ultimately did not succeed. In the final section, we present two fund raising models that have recently gained traction and popularity, namely "security token offerings" (STOs) and "initial exchange offerings" (IEOs), and highlight their main advantages compared to ICOs. PB - Talent First Network CY - Ottawa VL - 10 UR - timreview.ca/article/1368 IS - 6 U1 - Haute Ecole de Gestion Fribourg (HEG-FR) Jahja Rrustemi is a scientific collaborator at the Haute Ecole de Gestion Fribourg (HEG-FR), University of Applied Sciences and Arts Western Switzerland. He holds a Master of Science in Wealth Management at the University of Geneva. The main focus of his research relates to Portfolio Allocation Methods, Risk Minimization, Forward-looking Risk Measures as well as Cryptocurrencies and the Tokenization of the economy. U2 - Haute Ecole de Gestion Fribourg (HEG-FR) Nils S. Tuchschmid is professor of Finance and head of the Finance Institute at the Haute Ecole de Gestion Fribourg (HEG-FR), University of Applied Sciences and Arts Western Switzerland. Before joining HEG-FR, Nils was a Partner, Head of Tactical Trading Strategies and Chairman of the Investment Committee at Tages Group. Previously, he was the Co-Head of the Alternative Funds Advisory team at UBS and Head of Multi-Manager Portfolios at Credit-Suisse. He also worked as Strategist and Head of quantitative research and alternative investments at Banque Cantonale Vaudoise. Nils was Professor of Banking and Finance at HEG Geneva and Professor of Finance at HEC Lausanne University. He holds a Ph.D. in Economics from the University of Geneva. ER - TY - JOUR T1 - Anticipating the Economic Benefits of Blockchain JF - Technology Innovation Management Review Y1 - 2017 A1 - Melanie Swan KW - blockchain KW - cryptocurrencies KW - cryptoeconomics KW - cybersecurity KW - digital asset registries KW - digital goods KW - distributed ledgers KW - economics KW - eWallet KW - lightning network KW - long tail markets KW - payment channels KW - programmable money KW - smart assets KW - smart contracts KW - streaming money AB - In this general overview article intended for non-experts, I define blockchain technology and some of the key concepts, and then I elaborate four specific applications that highlight the potential economic benefits of digital ledgers. These applications are digital asset registries, blockchains as leapfrog technology for global financial inclusion, long-tail personalized economic services, and net settlement payment channels. I also highlight key challenges that offset the potential economic benefits of blockchain distributed ledgers, while arguing that the benefits would outweigh the potential risks. The overarching theme is that an increasing amount of everyday operations involving money, assets, and documents could start to be conducted via blockchain-based distributed network ledgers with cryptographic security, and at more granular levels of detail. One economic implication of widespread blockchain adoption is that the institutional structure of society could shift to one that is computationally-based and thus has a diminished need for human-operated brick-and-mortar institutions. PB - Talent First Network CY - Ottawa VL - 7 UR - http://timreview.ca/article/1102 IS - 10 U1 - Purdue University Melanie Swan is a technology theorist in the Philosophy Department at Purdue University in West Lafayette, Indiana, United States. She is the author of the best-selling book Blockchain: Blueprint for a New Economy (2015), which has been translated into six languages. She is the founder of several startups including the Institute for Blockchain Studies, DIYgenomics, GroupPurchase, and the MS Futures Group. Ms. Swan's educational background includes an MBA in Finance and Accounting from the Wharton School of the University of Pennsylvania, an MA in Contemporary Continental Philosophy from Kingston University London and Université Paris 8, and a BA in French and Economics from Georgetown University. She is a faculty member at Singularity University and the University of the Commons, an Affiliate Scholar at the Institute for Ethics and Emerging Technologies, and an invited contributor to the Edge's Annual Essay Question. ER -