Decentralized Finance: The Impact of Blockchain-Based Financial Innovations on Entrepreneurship (Financial Innovation and Technology)

Reviewers
Acknowledgements
Contents
Editor and Contributors
About the Editor
Contributors
Abbreviations
Introduction: Blockchain, Decentralized Finance, and Entrepreneurship
	References
DeFi and Investing in Entrepreneurial Ventures
	1 Introduction
		1.1 Blockchain Mining in a Nutshell
		1.2 Distributed Peer-to-Peer Network
	2 Decentralized Finance
	3 Stablecoins
	4 Decentralized Exchanges
	5 Yield Farming
	6 Decentralized Insurance
	7 NFTs (Non-Fungible Tokens)
	8 Different Approaches to Invest Through DeFi
		8.1 Token Sales
		8.2 Decentralized Venture Capital Funds
		8.3 Prediction Markets
		8.4 A Case Study: Aave
	9 Flowcharts and Performance Metrics
		9.1 Token Sale Model Flowchart
		9.2 Token Sale Model Performance Metrics
		9.3 Decentralized VC Fund Model Flowchart
		9.4 Decentralized VC Fund Model Performance Metrics
		9.5 Prediction Market Model Flowchart
		9.6 Prediction Market Model Performance Metrics
	10 Discussion and Conclusion
	References
Extreme Return Connectedness Between DeFi Tokens and Traditional Financial Markets: An Entrepreneurial Perspective
	1 Introduction
	2 Literature Review
	3 Empirical Analysis
	4 Conclusion
	References
A Framework for Implementation of Decentralized Finance for Financial Inclusion of Unbanked Populations in a Developing Context. A Case of Zimbabwe
	1 Introduction
	2 Chapter Objectives
	3 Methodology
	4 Background and Context
	5 Literature Review
		5.1 Decentralized Finance
		5.2 Understanding the Need for Decentralized Finance in Developing Countries
		5.3 Examining the Benefits of Decentralized Finance for Financial Inclusion
		5.4 Challenges of Implementing Decentralized Finance for Unbanked Populations
	6 Empirical Data from Key Informants
	7 Discussion
	8 Establishing a Framework for Decentralized Finance in Developing Countries
	9 Conclusion
	References
Islamic Digital Currency and Entrepreneurship
	1 Introduction
	2 Blockchain and Digital Currency
		2.1 What Is Blockchain?
		2.2 Concept of Digital Currency
		2.3 Blockchain and Digital Currency
	3 Digital Currency and Entrepreneurship
		3.1 An Overview
		3.2 Pros and Cons of Digital Currencies
	4 Islamic Finance and Digital Currency
	5 Case Study of Islamic Coin
		5.1 Background
		5.2 Governance Model for Evergreen DAO
		5.3 Collaboration and Community Building
		5.4 Potential Challenges
	6 Conclusion and Recommendations
	References
Blockchain Adoption in the Accounting and Auditing Industry: An Exploratory Study in France
	1 Introduction
	2 How Does Blockchain Technology Function, and Why Is It of Significance to the Fields of Accounting and Auditing?
	3 An Exploratory Study of Blockchain Adoption in France
		3.1 Sample Description
		3.2 Results
			Adoption of Blockchain Technology
			Use of Blockchain Technology
			Perceptions about the Future of Blockchain
	4 Suggestion for a Contingency-Based Approach to Blockchain Adoption in Accounting and Auditing Professions
	Appendices
		Appendix 1 Positions held by respondents
		Appendix 2 Respondent companies
		Appendix 3 Scope of companies
		Appendix 4 Company size (number of employees)
		Appendix 5 Company size (turnover)
	References
New MTFs Based on DLT Technology as Operational Spaces for Decentralized Finance: A European Perspective
	1 Introduction
	2 The Role of Markets in Financial Instruments for Entrepreneurial Fundraising
	3 Multilateral Trading Facilities for Trading Financial Instruments
	4 The Development of Decentralized Technologies in Financial Services: The Digital Finance Strategy of the European Commission
	5 The Characteristics of DLT Technology and Impact on MTFs
	6 The Pilot Regime as a Space to Test DLT Technology in MTFs
	7 Efficiency and Transparency in the Management of DLT-Based Market Infrastructures: New Challenges for European Financial System Stakeholders
	8 Conclusions
	References
		Normative References
DeFi Cybersecurity Technical and Nontechnical Risks
	1 Introduction
	2 DeFi Risks and Vulnerabilities
		2.1 Smart Contract Risks and Vulnerabilities
	3 Reentrancy Attacks
	4 Integer Overflow and Underflow Attacks
	5 Unchecked External Calls
	6 Incorrect Access Controls
	7 Denial of Service (DoS)
		7.1 Oracles
		7.2 Decentralized Consensus
		7.3 Governance
		7.4 Flash-Loan Attacks
	8 DeFi Nontechnical Risk
		8.1 Regulatory Risk
		8.2 Market Risk
		8.3 Liquidity Risk
		8.4 Operational Risk
	9 Impact on Entrepreneurship
	10 Conclusion
	References
Integration of Blockchain with Last Mile Delivery Robots Toward Marketing Innovations
	1 Introduction
	2 Background
		2.1 Design and Development
		2.2 Human-Robot Interaction
		2.3 Ethical and Social Implications
		2.4 Application of Delivery Robots
		2.5 Public Acceptance of Delivery Robots
		2.6 Blockchain-Driven Robotic Systems
	3 Questionnaire and Data Collection
	4 Survey Findings: Key Design Features Valued by Users
	5 Survey Findings: Key Marketing Strategies
	6 Blockchain for Implementing Marketing Practices
		6.1 Same-Day Delivery
		6.2 Personalization
		6.3 Environmental Impacts
		6.4 Increase Trust (Testimonials)
		6.5 Gamified Reward Systems
	7 Conclusion
	References
Artificial Intelligence and the Future of Decentralized Finance
	1 Introduction
	2 What Is Artificial Intelligence (AI)?
	3 The Integration of Artificial Intelligence (AI) in the Decentralized Finance (DeFi) Ecosystem
	4 AI and DeFi: The Challenges to Overcome
	5 Epilogue: The Future of Decentralized Finance
	References