Handbook of Blockchain, Digital Finance, and Inclusion: ChinaTech, Mobile Security, and Distributed Ledger emphasizes technological developments that introduce the future of finance.

Table of Contents

• Dedication
• List of Contributors
• Preface
• Background
• Purpose
• Themes
• Acknowledgment by David LEE Kuo Chuen
• Acknowledgment by Robert Deng
• Chapter 1: The Game of Dian Fu: The Rise of Chinese Finance
• Abstract
• Acknowledgments
• 1.1. Introduction: What Is Dianfu 颠覆?
• 1.2. Dian Fu One: Dian Fu in the Equity Market
• 1.3. Dian Fu Two: Dian Fu in China's Peer-to-Peer Lending
• 1.4. Dian Fu Three: Dian Fu in Crowdfunding
• 1.5. Dian Fu Four: Dian Fu in the People's Currency
• 1.6. Dian Fu Five: Dian Fu in Banking
• 1.7. Conclusion
• Appendix: Acquisitions of Alibaba
• References
• Chapter 2: Balancing Innovation and Risks in Digital Financial Inclusion—Experiences of Ant Financial Services Group
• Abstract
• 2.1. Introduction
• 2.2. Definition
• 2.3. Experiences of Ant Financial
• References
• Chapter 3: Regulating FinTech in China: From Permissive to Balanced
• Abstract
• 3.1. Introduction
• 3.2. The Evolution of Digital Financial Services in China
• 3.3. Regulation of Digital Financial Services in China
• 3.4. Conclusion
• Chapter 4: Big Data Technology: Application and Cases
• Abstract
• 4.1. Why Big Data Technology Matters?
• 4.2. How Big Data Technology Helps Improving Credit Performance
• 4.3. Brief Introduction of CreditEase: Better Technology, Better Finance
• 4.4. An Instance of Big Data Technology: CreditEase Financial Cloud
• 4.5. Cases and Application Scenarios for CreditEase Financial Cloud
• References
• Chapter 5: Trust Management in Mobile Platforms
• Abstract
• Acknowledgments
• 5.1. Introduction
• 5.2. Trust, Trust Modeling, and Trust Management
• 5.3. Trust Management in Mobile Platforms
• 5.4. Further Discussions
• 5.5. Conclusions
• References
• Chapter 6: Security Issues of In-Store Mobile Payment
• Abstract
• 6.1. Introduction
• 6.2. Background on In-Store Card Payment
• 6.3. In-Store Mobile Payment Network Models
• 6.4. Issues Related to Token Service Provider
• 6.5. Issues Related to Mobile Payment Service Provider / Token Requestor
• 6.6. On-Device Level Issues
• 6.7. Conclusion
• References
• Chapter 7: Blockchain – From Public to Private
• Abstract
• 7.1. Introduction
• 7.2. Terminology
• 7.3. Overview of the Bitcoin Blockchain
• 7.4. Characteristics of Blockchain
• 7.5. Types of Blockchains
• 7.6. Conclusion
• Appendix 1: The Six Layers of Blockchain
• Appendix 2: Notable Blockchain and Distributed Ledger Technologies
• References
• Chapter 8: Blockchain 101: An Introduction to the Future
• Abstract
• 8.1. Two Factors to Achieve Trust
• 8.2. What Problems Do Blockchains Solve?
• 8.3. What Problems Do Blockchains Create?
• 8.4. In Conclusion: The 9 Factors of Blockchain
• References
• Chapter 9: Betting Blockchain Will Change Everything – SEC and CFTC Regulation of Blockchain Technology
• Abstract
• 9.1. Introduction
• 9.2. The Paper Crisis and the National Market System
• 9.3. Blockchain Technologies
• 9.4. SEC Regulation of Blockchain Technology
• 9.5. BTC Trading Corp
• 9.6. CFTC Regulation of Blockchain Technology
• 9.7. Conclusions
• References
• Chapter 10: Global Financial Institutions 2.0
• Abstract
• 10.1. Blockchain
• 10.2. Global Financial Institutions
• 10.3. Frameworks and Antecedents of Change
• 10.4. Blockchain and Global Financial Institutions 2.0
• 10.5. Needs That Change Post-Global Financial Institutions Blockchain Adoption
• 10.6. The Innovation Ahead
• References
• Chapter 11: Open-Source Operational Risk: Should Public Blockchains Serve as Financial Market Infrastructures?
• Abstract
• 11.1. Financial Sector Hype
• 11.2. FMIs and Operational Risk
• 11.3. Open-Source Operational Risks of Public Blockchains
• 11.4. Reflections
• References
• Chapter 12: Blockchain Architectures for Electronic Exchange Reporting Requirements: EMIR, Dodd Frank, MiFID I/II, MiFIR, REMIT, Reg NMS and T2S
• Abstract
• Executive Summary
• 12.1. Introduction to Modern Electronic Exchanges and Networks
• 12.2. Evolution of Equity, Commodity, Currency and Derivatives Exchange Reporting and Transparency Regulations
• 12.3. The Role of Blockchain Technology in Electronic Exchanges
• 12.4. Blockchain Architecture for Order Record Keeping and Transaction Reporting
• 12.5. Conclusions
• References
• Chapter 13: Mobile Technology: The New Banking Model Connecting Lending to the Social Network
• Abstract
• 13.1. Technological Advances Making Cell Phones a Center of Financial Activity
• 13.2. Speed & Massive Data Create New Industries Overnight on Cell Phones: Alipay & Ant
• 13.3. Insurance Rapidly Changing, Too: Cellular Insurance Empires Being Created Overnight
• 13.4. Why Are Banks & Insurance Sitting Around? Because Regulators Forcing Them to
• 13.5. How Cell Phone Apps Are Taking Away Fees From Banks
• 13.6. Why Asia and Why Now? Asia Is a Tabula Rasa Where Young People Prefer Cell Phone Apps
• 13.7. Amazon, Alibaba, Alphabet, Apple Are the New Bank. These Platforms Threaten Banks
• 13.8. Payments Systems
• 13.9. Two Examples of This in the Emerging World are M Pesa and Its Asian Twin Bkash
• 13.10. The Jewel in the Crown for Financial Technology: SME Lending Through the Cell Phone
• 13.11. Why Is This a Private Equity Phenomenon? The US Jobs Act Is a Big Reason!
• 13.12. Big Data, Crowdfunding and the Small Enterprise (SME): The Magic Formula
• 13.13. Alibaba and Ant Financial's Cloud Business: The Future of Banking
• 13.14. Final Analysis: There Is no Such Thing as Private Information for Anyone
• Chapter 14: Financial Inclusion, Digital Currency, and Mobile Technology
• Abstract
• 14.1. Introduction
• 14.2. Financial Exclusion
• 14.3. Demand Side Factors of Financial Exclusion
• 14.4. Individual Factors of Financial Exclusion
• 14.5. Environmental Factors of Financial Exclusion
• 14.6. Supply Side Factors of Financial Exclusion
• 14.7. Financial Inclusion and Institutional Support
• 14.8. Legislation and Government Policy in Financial Inclusion
• 14.9. Financial Infrastructure and Financial Inclusion
• 14.10. Digital Currency and Financial Inclusion
• 14.11. Mobile Payments and Financial Inclusion
• 14.12. Global Experience and Opportunities
• 14.13. Challenges and Solutions
• 14.14. The Outlook
• 14.15. Conclusion
• References
• Chapter 15: Digital Financial Inclusion in South East Asia
• Abstract
• 15.1. Introduction
• 15.2. Definition and Review of Digital Financial Inclusion
• 15.3. Digital Financial Inclusion in South East Asia
• 15.4. Analysis and Discussion
• References
• Chapter 16: From the Ground Up: The Financial Inclusion Frontier
• Abstract
• 16.1. Introduction
• 16.2. Past: 1987–2011
• 16.3. Present: 2011–2016
• 16.4. Future: Beyond 2016
• Appendix: Myanmar and ASEAN
• References
• Chapter 17: Indonesian Microfinance Institutions (MFI) Move to Technology – TBOP's Prodigy Experience
• Abstract
• 17.1. Introduction
• 17.2. TBOP and Its Prodigy Experience
• 17.3. Applying FinTech Development in MFI Market
• References
• Chapter 18: FinTech: Harnessing Innovation for Financial Inclusion
• Abstract
• 18.1. Introduction
• 18.2. Financial Innovation and Sustainable Development
• 18.3. The Emergence of FinTech
• 18.4. FinTech and Financial Inclusion
• 18.5. Concluding Remarks
• References
• Chapter 19: Inclusive Growth as Democratizing Productivity
• Abstract
• 19.1. The Basic Ideas
• 19.2. Inter-Dependency Between Productivity and Inclusion/Exclusion
• 19.3. Inclusive Growth as Democratizing Productivity
• Chapter 20: Autonomous Finance
• Abstract
• 20.1. Trust, Accountability and… Autonomy?
• 20.2. Autonomous Organizations
• 20.3. DGD
• 20.4. More Than a Promise
• 20.5. Can't Touch This
• 20.6. Self-imposed, Unbreakable Vow
• 20.7. How The “DAO” Became a Four-Letter Word
• 20.8. The DAO Attack
• 20.9. Are We Ready for This?
• 20.10. A Postmortem
• 20.11. Distributed Autonomous Finance Use Cases
• Chapter 21: Inclusion or Exclusion? Trends in Robo-advisory for Financial Investment Services
• Abstract
• 21.1. Introduction
• 21.2. Robo-advisors
• 21.3. Discussion: What Is the Future of Robo-advisors?
• 21.4. Conclusion: Inclusion or Exclusion?
• References
• Chapter 22: How 3D Printing Will Change the Future of Borrowing Lending and Spending?
• Abstract
• 22.1. History of 3D Printing
• 22.2. The 3d Printing Landscape
• 22.3. The Future of Spending by Consumers, Businesses and Governments?
• 22.4. The Future of Borrowing and the Risks of Lending