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A Probative Value for Authentication Use Case Blockchain

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Abstract

The Fintech industry has facilitated the development of companies using blockchain technology. The use of this technology inside banking system and industry opens the route to several questions regarding the business activity, legal environment and insurance devices. In this paper, considering the creation of small companies interested to develop their business with a public blockchain, we analyse from different aspects why a company (in banking or insurance system, and industry) decides that a blockchain protocal is more legitimate than another one for the business it wants to develop looking at the legal (in case of dispute) points of view. We associate to each blockchain a probative value which permits to assure in case of dispute that a transaction has been really done. We illustrate our proposal using thirteen blockchains providing in that case a ranking between these blockchains for their use in business environment. We associate to this probative value some main characteristics of any blockchain as market capitalization and log returns volatilities that the investors need to take also into account with the new probative value for their managerial strategy

Suggested Citation

  • Dominique Guégan & Christophe Hénot, 2018. "A Probative Value for Authentication Use Case Blockchain," Documents de travail du Centre d'Economie de la Sorbonne 18022, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    • Handle: RePEc:mse:cesdoc:18022
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    References listed on IDEAS

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    1. Pilkington Marc, 2016. "Blockchain Technology: Principles and Applications," Post-Print halshs-01231205, HAL.
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    Cited by:

    1. Wolfgang Karl Hardle & Campbell R. Harvey & Raphael C. G. Reule, 2020. "Editorial: Understanding Cryptocurrencies," Papers 2007.14702, arXiv.org.
    2. Wolfgang Karl Härdle & Campbell R Harvey & Raphael C G Reule, 2020. "Understanding Cryptocurrencies," Journal of Financial Econometrics, Oxford University Press, vol. 18(2), pages 181-208.

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    More about this item

    Keywords

    Attack; Blockchain; Crypto-currency; probative-value; evidential-value; Hash rate; immutability; Mining; Proof of work; Regulation; volatility;
    All these keywords.

    JEL classification:

    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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