Witold Srokosz, Pawel Lenio, Grzegorz Sobiecki

Blockchain Technology in Project Finance (eBook, ePUB)

A Legal and Practical Model for Financing Mega-Investments

• Format: ePub

Produktbeschreibung

There is currently no comprehensive scientific study that addresses the problem of financing projects using Distributed Ledger (blockchain) Technology (DLT) that are not themselves embedded in the blockchain ecosystem, particularly in the context of long-term and capital-intensive investments. This book fills this gap. It poses a number of research questions such as what financing model/mechanism is the most effective in the long term where very large financial resources are concerned; are there appropriate legal regulations in place; and can DLT (blockchain) technology provide usability and solutions that can be used in the process of financing capital-intensive investments?

The book ultimately shows that it is possible to build a legal and economic model that would effectively enable the financing of long-term and capital-intensive investments, based on a specially prepared integrated platform operating on the basis of blockchain technology. As a result of the mechanisms of smart contracts, the platform would enable, the issuance and service of tokens, including equity tokens, but also auxiliary and payment or utility tokens, and the automation of relations between stakeholders. It would also allow the creation of a virtual decentralized autonomous organization (DAO) that would control the implementation of the project, and a decentralized exchange that would enable token trading.

The core readership for the book is academics, scholars and researchers in the fields of economics, finance and law, particularly those focused on blockchain technology, distributed ledger systems, and innovative financing mechanisms for large-scale investments. Policymakers and regulators involved in developing policies and legal frameworks for blockchain technology, cryptocurrencies, and financial innovation would find it to be a practical reference.

The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: Taylor & Francis eBooks
• Erscheinungstermin: 31. Januar 2025
• Englisch
• ISBN-13: 9781040322406
• Artikelnr.: 73315712

Autorenporträt

Witold Srokosz is a Professor in the Faculty of Law, Administration and Economics, Wroclaw University, Wroclaw, Poland and a Legal Counsel in Wroclaw.

Pawel Lenio is an Assistant Professor in the Faculty of Law, Administration and Economics, Wroclaw University, Wroclaw, Poland and an Attorney in Wroclaw.

Grzegorz Sobiecki is an Assistant Professor in the Financial System Department at the SGH Warsaw School of Economics, Warsaw, Poland.

Inhaltsangabe

Introduction 1. Capital
intensive and long
term investments 2. The potential of financing projects using DLT 3. Legal consequences of the global nature of financing long
term and capital
intensive investments using DLT 4. Existing legal regulations of cryptocurrencies and crypto
assets in the context of financing long
term and capital
intensive investments using DLT 5.Selected aspects of the application of public law to capital
intensive and long
term investments using DLT 6. Specific legal problems of DAOs in the context of financing long
term and capital
intensive investments 7. Economic and legal model of financing capital
intensive investments 8. Conclusion