What Policy We Need for Cryptocurrency Blockchain ICO to Facilitate Funding Innovation for SMEs?
±¸ºÐ :   /   À¯/¹«·á : ¹«·á   /   Á¶È¸¼ö : 399   /   ±Ý¾× : 0
What Policy We Need for Cryptocurrency Blockchain ICO to Facilitate Funding Innovation for SMEs?

What Policy We Need for Cryptocurrency Blockchain ICO to Facilitate Funding Innovation for SMEs?

Jaesung James Park
Myungwon Kim

<±¹¹®ÃÊ·Ï>
What Policy We Need for Cryptocurrency Blockchain ICO to Facilitate Funding Innovation for SMEs?

Jaesung James Park
Myungwon Kim

We discuss in this paper the cryptocurrency Blockchain ICO from the perspective of SME financing business innovation, figure out policy directions. Blockchain is a new way of recording in which all terminals on the network share information, thereby eliminating the need for reliability verification (¡°Trustlessness¡±). Cryptocurrency is paid as compensation for maintaining such recording system. DApp (Decentralized Application) Coin, which is based on existing cryptocurrencies, is a token, which allows entrepreneurs ventures to raise funds only with ideas visions. ICO, or token generation fnancing, is characterized by its ability to raise funds only at future values. Although the speculative nature of ICO is controversial, it is necessary to implement policies to minimize the adverse effects of investment in cryptocurrency to make the most of cryptocurrency blockchain for SMEs. The main challenges are as follows. First, by using the blockchain technology in the SME supply chain, if pre-set conditions are met, subcontractors will be automatically paid. Second, by introducing blockchain technology to unlisted stocks which are distributed in the form of ¡°stock non-issuance certificate,¡± liquidity is given to unlisted stocks. Third, it is necessary to establish a private blockchain in which government organizations agencies participate, implement smart contracts to automatically support applicants when they meet agreed conditions.
÷ºÎÆÄÀÏ : 21-2-02 ¹ÚÀ缺 ±è¸í¿ø(15-36)_1.pdf