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Authors : 1. Andrey V. Vlasov,
lecturer; consultant
National Research University “Higher School of Economics”; DeMontroyal
2. Magomed M. Abrekov,
student; specialist
Financial University under the Government of the Russian Federation; DeMontroyal
Cryptoeconomics: expert evaluation methodology of ICO start-ups in the processes of financial innovation management
Objective: to develop a new methodological approach to the evaluation of innovative projects and technological startups which organize ICO.
Methods: method of comparative analysis, method of measurement, inductive method of cognition, logical methods of cognition.
Results: the paper discusses the events taking place in the market of alternative finances and demonstrates a new methodological approach to assessing the investment and innovation potential of startups implementing the ICO procedure. The methodology of evaluating the ICO startups is presented, which enables to make a choice and selection of target projects groups in a particular field of activity (for example, in fintech, insurtech). The stages of this assessment are considered. The developed method has been applied in practice for the evaluation (rating) of ICO projects in the insurance sector, and showed its efficiency. Its use allowed the authors to identify the fraudulent project and choose the “best” one using the rating results.
Scientific novelty: a methodology was created which enables to conduct expert evaluation of ICO projects.
Practical significance: the main provisions of the article can be used in the evaluation of start-up projects, in the work on ratings development. Also, the method of expert evaluation can be used in academic and pedagogical activities on the subject of alternative finances – ICO.
Keywords :
Economy and management of national economy; Expert evaluation; Rating; ICO; ICO rating; Token; Cryptocurrency market; start-up; Insurance
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Citation :
Vlasov A. V., Abrekov M. M. Cryptoeconomics: expert evaluation methodology of ICO start-ups in the processes of financial innovation management, Actual Problems of Economics and Law, 2018, vol. 12, No. 4, pp. 745–761 (in Russ.). DOI: http://dx.doi.org/10.21202/1993-047X.12.2018.4.745-761
Type of article : The scientific article
Date of receipt of the article :
30.06.2018
Date of adoption of the print :
07.10.2018
Date of online accommodation :
25.12.2018
