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 even...

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Main Authors: A. V. Vlasov, M. M. Abrekov
Format: Article
Language:English
Published: Tatar Educational Center “Taglimat” Ltd. 2018-12-01
Series:Russian Journal of Economics and Law
Subjects:
ico
Online Access:https://www.rusjel.ru/jour/article/view/2144
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author A. V. Vlasov
M. M. Abrekov
author_facet A. V. Vlasov
M. M. Abrekov
author_sort A. V. Vlasov
collection DOAJ
description 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.
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institution Kabale University
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spelling doaj-art-37dbcc63ec194acba25172e36cd2b81d2025-08-20T03:45:53ZengTatar Educational Center “Taglimat” Ltd.Russian Journal of Economics and Law2782-29232018-12-0112474576110.21202/1993-047X.12.2018.4.745-7612142Cryptoeconomics: expert evaluation methodology of ICO start-ups in the processes of financial innovation managementA. V. Vlasov0M. M. Abrekov1National Research University “Higher School of Economics”; DeMontroyalFinancial University under the Government of the Russian Federation; DeMontroyalObjective: 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.https://www.rusjel.ru/jour/article/view/2144ico
spellingShingle A. V. Vlasov
M. M. Abrekov
Cryptoeconomics: expert evaluation methodology of ICO start-ups in the processes of financial innovation management
Russian Journal of Economics and Law
ico
title Cryptoeconomics: expert evaluation methodology of ICO start-ups in the processes of financial innovation management
title_full Cryptoeconomics: expert evaluation methodology of ICO start-ups in the processes of financial innovation management
title_fullStr Cryptoeconomics: expert evaluation methodology of ICO start-ups in the processes of financial innovation management
title_full_unstemmed Cryptoeconomics: expert evaluation methodology of ICO start-ups in the processes of financial innovation management
title_short Cryptoeconomics: expert evaluation methodology of ICO start-ups in the processes of financial innovation management
title_sort cryptoeconomics expert evaluation methodology of ico start ups in the processes of financial innovation management
topic ico
url https://www.rusjel.ru/jour/article/view/2144
work_keys_str_mv AT avvlasov cryptoeconomicsexpertevaluationmethodologyoficostartupsintheprocessesoffinancialinnovationmanagement
AT mmabrekov cryptoeconomicsexpertevaluationmethodologyoficostartupsintheprocessesoffinancialinnovationmanagement