期刊全稱 | Blockchain-Based Bonds | 期刊簡稱 | A Game Changer in Co | 影響因子2023 | Maximilian Markus Grossmann | 視頻video | http://file.papertrans.cn/193/192736/192736.mp4 | 學(xué)科分類 | BestMasters | 圖書封面 |  | 影響因子 | .This study delves into the impact of blockchain-based bonds on corporate financing and the bond market, with a specific focus on Germany. Utilizing qualitative insights from 19 experts, it compares blockchain-based bonds with traditional bonds, explores market-adoption dynamics, assesses the evolving roles of market intermediaries, and considers future development prospects. The findings suggest that blockchain-based bonds could offer longterm benefits in terms of accessibility, overall risk, cost efficiency, and transparency. However, they currently face significant challenges, including technological fragmentation, high liquidity risks, large investment requirements, and regulatory complexities. Market adoption is still in its nascent stages, with development initiatives like the DLT Pilot Regime not yet making a substantial impact. The study also highlights a potential shift in the roles of market intermediaries in the blockchain era, indicating new functions and possible obsolescence for some traditional roles. Experts offer varied predictions for the future of blockchain-based bonds, from the possibility of replacing traditional bonds to serving as complementary solutions or | Pindex | Book 2024 |
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