%0 Journal Article %J Technology Innovation Management Review %D 2020 %T Editorial: Insights (June 2020) %A Stoyan Tanev %A Gregory Sandstrom %K Bitcoin %K blockchain %K crowdfunding %K crypto assets %K cryptocurrencies %K developing countries. %K distributed ledger technology %K Employeedriven innovation %K entrepreneurial finance %K entrepreneurship %K Ethereum %K Financial industry %K FinTech %K ICOs %K IEO %K innovation %K intellectual property rights %K internationalization %K IT industry %K job autonomy %K mining industry %K moral hazard %K need for autonomy %K new company %K Porter's Five Forces framework %K regulation %K scaling company value %K scaling-up %K self-leadership %K signaling %K SME %K STO %K sustainability %K technological environment %K technology %K technology readiness %K token offering %K token sales %K tokenization %K value proposition %K value proposition alignment %K venture capital %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 10 %P 3-4 %8 06/2020 %G eng %U timreview.ca/article/1363 %N 6 %1 Technology Innovation Management Review Stoyan Tanev, PhD, MSc, MEng, MA, is Associate Professor of Technology Entrepreneurship and Innovation Management associated with the Technology Innovation Management (TIM) Program, Sprott School of Business, Carleton University, Ottawa, ON, Canada. Before re-joining Carleton University, Dr. Tanev was part of the Innovation and Design Engineering Section, Faculty of Engineering, University of Southern Denmark (SDU), Odense, Denmark. Dr. Tanev has a multidisciplinary background including MSc in Physics (Sofia University, Bulgaria), PhD in Physics (1995, University Pierre and Marie Curie, Paris, France, co-awarded by Sofia University, Bulgaria), MEng in Technology Management (2005, Carleton University, Ottawa, Canada), MA in Orthodox Theology (2009, University of Sherbrooke, Montreal Campus, QC, Canada) and PhD in Theology (2012, Sofia University, Bulgaria). Stoyan has published multiple articles in several research domains. His current research interests are in the fields of technology entrepreneurship and innovation management, design principles and growth modes of global technology start-ups, business analytics, topic modeling and text mining. He has also an interest in interdisciplinary issues on the interface of the natural and social sciences. %2 Technology Innovation Management Review Gregory Sandstrom is Managing Editor of the TIM Review. He is a former Associate Professor of Mass Media and Communications at the European Humanities University (2012-2017), and Affiliated Associate Professor at the Social Innovations Laboratory, Mykolas Romeris University (2016-2017) in Vilnius, Lithuania. He completed a PhD from the Faculty of Sociology at St. Petersburg State University and the Sociological Institute of the Russian Academy of Sciences, sector on Sociology of Science (2010). He was a Postdoctoral Research Fellow at the Lithuanian Science Council (2013-2015), for which he conducted research visits to the Copernican Centre for Interdisciplinary Studies (Krakow), the University of Edinburgh's Extended Knowledge Project, Cambridge University's History and Philosophy of Science Department, and Virginia State University's Science and Technology Studies program, as well as previously at the Autonomous National University of Mexico's Institute for Applied Mathematics and Systems (2010-2011). He was affiliated with the Bard College Institute for Writing and Thinking, leading student and faculty language and communications workshops, most recently (2013, 2014, 2017) in Yangon, Myanmar. He is a promoter and builder of blockchain distributed ledger technology systems and digital extension services. %& 3 %R http://doi.org/10.22215/timreview/1363 %0 Journal Article %J Technology Innovation Management Review %D 2020 %T Facebook’s Digital Currency Venture “Diem”: the new Frontier ... or a Galaxy far, far away? %A Jahja Rrustemi %A Nils S. Tuchschmid %K Bitcoin %K blockchain %K crypto assets %K cryptocurrencies %K Diem %K Diem Association %K digital currency %K distributed ledger technology %K Facebook %K fiat currencies %K financial inclusion %K Financial industry %K Libra %K local currencies %K tokenization %X This article focuses on Facebook's new digital currency, initially called "Libra" and renamed in December 2020 "Diem", that has been designed and proposed by the Diem Association (formerly the Libra Association). It briefly reflects on the historical meaning of money and currency, as well as "local currencies" viewed as precursors to the new "digital currencies" or "cryptocurrencies". The paper presents a general overview of the Diem project, particularly from the perspective of financial theory and practise. It looks specifically into Diem's business model and analyzes the project's planned and potential revenue streams, according to official documents published by the Diem Association. The research identifies potential obstacles and hurdles this digital currency would (since it has not happened yet) face on launch day and assesses whether the project is feasible in its current form. In the authors' view, although some early concerns were addressed in the Diem White Paper 2.0, the Diem project is only questionably ready for commercial launch in its current state. Speaking directly to the financial aspects of the Diem Association's project, the current regulatory hurdles and institutional pressures seem difficult to bypass without making some additional noticeable and meaningful changes to Diem. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 10 %P 19-30 %8 12/2020 %G eng %U timreview.ca/article/1407 %N 12 %1 Haute Ecole de Gestion Fribourg Jahja Rrustemi is a scientific collaborator at the Haute Ecole de Gestion Fribourg (HEG-FR), University of Applied Sciences and Arts Western Switzerland. He holds a Master of Science in Wealth Management at the University of Geneva. The main focus of his research relates to Portfolio Allocation Methods, Risk Minimization, Forward-looking Risk Measures as well as Cryptocurrencies and the Tokenization of the economy. %2 Haute Ecole de Gestion Fribourg Nils S. Tuchschmid is professor of Finance and head of the Finance Institute at the Haute Ecole de Gestion Fribourg (HEG-FR), University of Applied Sciences and Arts Western Switzerland. Before joining HEG-FR, Nils was a Partner, Head of Tactical Trading Strategies and Chairman of the Investment Committee at Tages Group. Previously, he was the Co-Head of the Alternative Funds Advisory team at UBS and Head of Multi-Manager Portfolios at Credit-Suisse. He also worked as Strategist and Head of quantitative research and alternative investments at Banque Cantonale Vaudoise. Nils was Professor of Banking and Finance at HEG Geneva and Professor of Finance at HEC Lausanne University. He holds a Ph.D. in Economics from the University of Geneva. %& 20 %R http://doi.org/10.22215/timreview/1407 %0 Journal Article %J Technology Innovation Management Review %D 2020 %T Fundraising Campaigns in a Digital Economy: Lessons from a Swiss Synthetic Diamond Venture's Initial Coin Offering (ICO) %A Jahja Rrustemi %A Nils S. Tuchschmid %K Bitcoin %K blockchain %K crowdfunding %K crypto assets %K cryptocurrencies %K distributed ledger technology %K entrepreneurial finance %K Ethereum %K Financial industry %K FinTech %K ICOs %K IEO %K moral hazard. %K signaling %K STO %K token offering %K token sales %K tokenization %K venture capital %X As economies digitalize and many local businesses gradually internationalize, crowdfunding platforms have offered a new way for ventures to raise capital. Relying on distributed ledger technology (DLT, blockchain), the method of "tokenization" now seems to be the next way for digital economics to be actualised in practise. Digitalizing some of the production and selling processes through crypto-tokenization technology has brought with it new perspectives and opportunities. Any thorough consideration of the logic of "distributed systems" applied to economics is bound to see that it potentially brings considerable disruptions and significant changes in how companies get access to funding. Cryptocurrencies, and subsequently "tokens" initially issued from "initial coin offerings" (ICOs) have answered an obvious need for efficient, borderless, and secure flows of capital. This article first summarizes what early academic research tells us about ICOs based on DLTs and their factors of success. We then use the case of LakeDiamond, a Swiss venture in the business of growing and polishing synthetic diamonds, to present and contextualize the process of holding an ICO, which ultimately did not succeed. In the final section, we present two fund raising models that have recently gained traction and popularity, namely "security token offerings" (STOs) and "initial exchange offerings" (IEOs), and highlight their main advantages compared to ICOs. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 10 %P 53-63 %8 06/2020 %G eng %U timreview.ca/article/1368 %N 6 %1 Haute Ecole de Gestion Fribourg (HEG-FR) Jahja Rrustemi is a scientific collaborator at the Haute Ecole de Gestion Fribourg (HEG-FR), University of Applied Sciences and Arts Western Switzerland. He holds a Master of Science in Wealth Management at the University of Geneva. The main focus of his research relates to Portfolio Allocation Methods, Risk Minimization, Forward-looking Risk Measures as well as Cryptocurrencies and the Tokenization of the economy. %2 Haute Ecole de Gestion Fribourg (HEG-FR) Nils S. Tuchschmid is professor of Finance and head of the Finance Institute at the Haute Ecole de Gestion Fribourg (HEG-FR), University of Applied Sciences and Arts Western Switzerland. Before joining HEG-FR, Nils was a Partner, Head of Tactical Trading Strategies and Chairman of the Investment Committee at Tages Group. Previously, he was the Co-Head of the Alternative Funds Advisory team at UBS and Head of Multi-Manager Portfolios at Credit-Suisse. He also worked as Strategist and Head of quantitative research and alternative investments at Banque Cantonale Vaudoise. Nils was Professor of Banking and Finance at HEG Geneva and Professor of Finance at HEC Lausanne University. He holds a Ph.D. in Economics from the University of Geneva. %& 53 %R http://doi.org/10.22215/timreview/1368 %0 Journal Article %J Technology Innovation Management Review %D 2017 %T Editorial: Blockchain (October 2017) %A Chris McPhee %A Anton Ljutic %K authentication %K Bitcoin %K blockchain %K cryptography %K digital identity %K economics %K healthcare %K internal audit %K services %K smart contracts %K transactions %K trust %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 7 %P 3-5 %8 10/2017 %G eng %U http://timreview.ca/article/1108 %N 10 %1 Technology Innovation Management Review Chris McPhee is Editor-in-Chief of the Technology Innovation Management Review. Chris holds an MASc degree in Technology Innovation Management from Carleton University in Ottawa, Canada, and BScH and MSc degrees in Biology from Queen's University in Kingston, Canada. He has nearly 20 years of management, design, and content-development experience in Canada and Scotland, primarily in the science, health, and education sectors. As an advisor and editor, he helps entrepreneurs, executives, and researchers develop and express their ideas. %2 Anton Ljutic is a futurologist with many interests, having been a professional musician in Germany, a programmer at IBM Rome, a professor of Economics and an early Internet telecommunications enthusiast and consultant in Montreal, a Head of the Government of Canada’s IT Security Learning Centre, and the founder and chair of the government’s Interdepartmental Committee on Security Training. He was founder and editor in the early 1990s of one of the earliest Internet ezines, Glosas News. He is a member of Blockchain Association of Canada (BAC) and a believer in political and economic decentralization through blockchain. He holds a Master of Arts degree from Carleton University in Ottawa, Canada, and a Diploma in Economics from the University of Zagreb, Croatia. %R http://doi.org/10.22215/timreview/1108 %0 Journal Article %J Technology Innovation Management Review %D 2014 %T Crimeware Marketplaces and Their Facilitating Technologies %A Mahmoud Gad %K anonymity %K Bitcoin %K crimeware marketplaces %K cybercrime %K dark web %K underground economy %X The cybercrime community has evolved from one in which criminals develop their own tools into one in which crimeware – tools and services to carry out or facilitate illegal online activity – can be readily bought, sold, traded, hired, or licensed in online marketplaces. Crimeware marketplaces are expected to grow significantly in the near term, and they will offer an increasing number of services and tools that target mobile computing devices. This article examines the actors, value chains, and modes of operation in underground crimeware marketplaces, and it identifies three facilitating technologies that are likely to significantly expand the reach of cybercriminals. Anonymous e-currency (e.g., Bitcoin) enables anonymous financial transactions; anonymity networks (e.g., Tor) enable anonymous Internet access; and mobile computing provides access to a very large number of potential target devices. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 4 %P 28-33 %8 11/2014 %G eng %U http://timreview.ca/article/847 %N 11 %1 University of Ottawa Mahmoud M. Gad is a PhD candidate in Electrical and Computer Engineering with a focus on wireless network communications at the University of Ottawa in Canada. Additionally, he holds an MSc in Electrical and Computer Engineering from the University of Maryland in College Park, United States. His research interests include chaos-theory-based security algorithms for wireless networks, analysis of large-scale networks, Internet of Things (IoT), cognitive radio networks, and data mining algorithms. %R http://doi.org/10.22215/timreview/847