Fintech Tsunami: Blockchain as the Driver of the Fourth Industrial Revolution

11 Pages Posted: 13 Jul 2017

See all articles by David Kuo Chuen Lee

David Kuo Chuen Lee

Singapore University of Social Sciences (SUSS); National Univeristy of Singapore; Shanghai University of Finance and Economics

Date Written: July 6, 2017

Abstract

This short opinion piece discusses the potential role of blockchain in the 4th industrial revolution. It explores how Satoshi Nakamoto (2008) white paper has changed the way market functions with the examples of bitcoin, public blockchain, private blockchain and Initial Crypto-Token Offering (ICO) or sometimes known as Initial Token Sales (ITS). The most powerful feature of blockchain is the sharing of asset ownerhsip and the paper describes how this is evolving with ITS.

Keywords: Bitcoin, Blockchain, ICO, Sharing Economy, Cryptocurrency, LASIC

Suggested Citation

Lee, David Kuo Chuen, Fintech Tsunami: Blockchain as the Driver of the Fourth Industrial Revolution (July 6, 2017). Available at SSRN: https://ssrn.com/abstract=2998093 or http://dx.doi.org/10.2139/ssrn.2998093

David Kuo Chuen Lee (Contact Author)

Singapore University of Social Sciences (SUSS) ( email )

461 Clementi Road
Singapore, 599491
Singapore

National Univeristy of Singapore ( email )

1 Business Link
Singapore, 117592
Singapore

Shanghai University of Finance and Economics ( email )

Shanghai, 200433
China

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