The below are edited remarks from a speech delivered by Richard C. Hsia at Duke Law on November 29th, 2018. I want you to know what I think about Insurance, and I want to know what you think about Insurance. Most people do not think about Insurance and, if possible, would never think about Insurance.… Read More »
Courtesy of Marek Dabrowski[1] and Lukasz Janikowski[2] The short answer is most likely no, at least not in the near future. Despite the relative “success” of Bitcoin and other virtual currencies (VCs) like Ethereum and Ripple, their role in the economy is minimal. On November 27, 2018, the total market capitalization of all VCs was… Read More »
Courtesy of Lin William Cong, Ye Li, Neng Wang[1] Advances in FinTech and the sharing economy are being driven by the growing demand for peer-to-peer connections that transform how people interact, work, consume, and produce. Although mass-adoption of blockchain faces many hurdles, the technology holds the capacity to create financial architectures which reorganize our society… Read More »
Courtesy of Vincent Di Lorenzo Fintech lending, sometimes referred to as online marketplace lending, is lending through digital platforms that often collect and base lending decisions on nontraditional data sources. Underwriting is typically automated and may employ nontraditional credit algorithms. In the consumer and small business credit market, fintech loan originations have experienced an annual… Read More »
Courtesy of Jelena Madir The first thing many people think of when they hear the term “smart contract” is a contract that is somehow transposed into computer code and runs without any human intervention. This misses the mark by a wide margin. Instead, smart contracts are better thought of as “conditional transactions” because they refer… Read More »
Courtesy of Alexandra Andhov Recent technological advancements have disrupted the financial sector by giving rise to new FinTech start-ups and simpler solutions for customers and investors. While these developments raise a number of legal, regulatory and policy issues, I believe that ultimately, FinTech will facilitate greater financial inclusion and cross-jurisdictional service offerings in the European… Read More »
Courtesy of Joanna Diane Caytas When Spanish galleons, and vessels of other nations, sank with tons of gold, jewelry, and artwork, treasures disappeared for centuries. Estimates suggest that up to three million shipwrecks may be littering the ocean floor around the globe, inspiring adventurers (and venture capitalists) who end up in predictable legal disputes over… Read More »
Courtesy of Sean Cao, Lin William Cong, and Baozhong Yang Blockchain has taken the central stage of technology innovation in business, and could significantly disrupt traditional corporate governance, industrial organization, payments, and entrepreneurial finance. Given the labor-intensive nature of auditing and the need to improve audit efficiency and quality, there is increased media and industry… Read More »
Courtesy of Mark A. Chen, Qinxi Wu, and Baozhong Yang Recently, the rapid development of FinTech, or financial technology, has attracted considerable attention within the finance industry. Many observers have welcomed the rise of FinTech, claiming that it has the potential to radically transform financial services by making them less expensive, more convenient, and more… Read More »
Ask any cryptocurrency company what their biggest challenge is, and they’ll likely tell you “legal and regulatory issues.” The legal and regulatory environment surrounding cryptocurrency is complex, uncertain, and changing by the day. In the U.S., no one agency has sole jurisdiction over cryptocurrency, and different agencies have varied interpretations of what cryptocurrency is (largely… Read More »
