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Application of Blockchain Technology in Private Equity

In: Financial Management in the Digital Economy

Author

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  • Teck Li Choo

Abstract

Blockchain technology has received extensive attention in recent years due to its interesting properties (e.g., trustlessness, immutability) and “evolutionary” use cases (e.g., in trade finance, central banks, logistics). This is further amplified by the bull and bear runs of cryptocurrency, which resulted in what Gartner described as the hype cycle of blockchain technology (Litan and Leow, 2019). Large corporates have started to recognize the capabilities of blockchain technology and embarked on the journey to use blockchain technology as the next evolution of their systems. In particular, the financial market has ran forward with its experimentation by working on blockchain technology directly or indirectly (through the support for digital assets). For example, JP Morgan introduced Quorum and JPM Coin for intra-ecosystem settlement, World Bank launched blockchain-powered bonds, BNY Mellon launched its digital asset custody service, TD Ameritrade targeted to launch retail crypto-trading platform, and WeBank is running a blockchain-based digital bank servicing 400m transactions daily for 180m customers…

Suggested Citation

  • Teck Li Choo, 2021. "Application of Blockchain Technology in Private Equity," World Scientific Book Chapters, in: David Kuo Chuen Lee & Ding Ding & Chong Guan (ed.), Financial Management in the Digital Economy, chapter 5, pages 85-104, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811230011_0005
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    Cited by:

    1. repec:wsr:ecbook:2022:i:viii-006 is not listed on IDEAS
    2. Jovet, Yoann & Lefèvre, Frédéric & Laurent, Alexis & Clausse, Marc, 2022. "Combined energetic, economic and climate change assessment of heat pumps for industrial waste heat recovery," Applied Energy, Elsevier, vol. 313(C).
    3. Silvia Semenzin & David Rozas & Samer Hassan, 2022. "Blockchain-based application at a governmental level: disruption or illusion? The case of Estonia [A systematic analysis of applications of blockchain in healthcare]," Policy and Society, Darryl S. Jarvis and M. Ramesh, vol. 41(3), pages 386-401.

    More about this item

    Keywords

    Digital Assets; Blockchain; Blockchain Applications; Financial Technology; Digital Payment; Cryptocurrency; Financial Inclusion; Financial Management; Digital Economy; Digital Transformation; Robo Advisory; Digital Branding; Financial Services;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G2 - Financial Economics - - Financial Institutions and Services

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