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A probative value for authentication use case blockchain

Author

Listed:
  • Dominique Guégan

    (University Paris 1 Panthéon-Sorbonne and LabEx ReFi
    Ca’Foscari University of Venezia)

  • Christophe Henot

    (University Paris 1 Panthéon-Sorbonne and LabEx ReFi)

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 protocol is more legitimate than another one for the business which it wants to develop looking at the legal (in case of dispute) points of view. We associate with 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 13 blockchains providing in that case a ranking between these blockchains for their use in business environment. We associate with this probative value some main characteristics of any blockchain as market capitalization and log-return volatilities that the investors need to also take into account with the new probative value for their managerial strategy.

Suggested Citation

  • Dominique Guégan & Christophe Henot, 2019. "A probative value for authentication use case blockchain," Digital Finance, Springer, vol. 1(1), pages 91-115, November.
    • Handle: RePEc:spr:digfin:v:1:y:2019:i:1:d:10.1007_s42521-019-00003-0
    DOI: 10.1007/s42521-019-00003-0
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    References listed on IDEAS

    as
    1. Frunza, Marius-Cristian, 2015. "Solving Modern Crime in Financial Markets," Elsevier Monographs, Elsevier, edition 1, number 9780128044940.
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    Cited by:

    1. Jörg Osterrieder & Andrea Barletta, 2019. "Editorial on the Special Issue on Cryptocurrencies," Digital Finance, Springer, vol. 1(1), pages 1-4, November.
    2. Emilio Abad-Segura & Mariana-Daniela González-Zamar & Eloy López-Meneses & Esteban Vázquez-Cano, 2020. "Financial Technology: Review of Trends, Approaches and Management," Mathematics, MDPI, vol. 8(6), pages 1-37, June.

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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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