ICO Mechanism Essence and Key Concept
- 10.2991/febm-18.2018.59How to use a DOI?
- Digital financial instruments; Blockchain; Initial coin offering (ICO); Business financing; Corporate finance
The study is focused on ICO, a new method of finance attraction to business by primary placement of digital financial instruments. The study provides the analysis of ICO advantages and disadvantages compared to the traditional financial instruments, as well as the prospects, restrictions and challenges related to application of the digital financial instruments. The conclusions on the abilities, restrictions and trends of application of digital instruments for financing business, by the real economy sector enterprises as well, taking into account the peculiarities of the Russian economy and legislation. It is shown that the main challenges of the digital financial instruments application are of economic character; they are caused by the lack of reasonable methods of asset evaluation and shortage of objective information.
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - I. Lukasevich AU - T. Kozenkova PY - 2018/12 DA - 2018/12 TI - ICO Mechanism Essence and Key Concept BT - Proceedings of the Third International Conference on Economic and Business Management (FEBM 2018) PB - Atlantis Press SP - 258 EP - 261 SN - 2352-5428 UR - https://doi.org/10.2991/febm-18.2018.59 DO - 10.2991/febm-18.2018.59 ID - Lukasevich2018/12 ER -