The Blockchain Perspectives Joint Research Initiative is pleased to present its latest work on ‘Crypto-asset Valuation: Identifying the variables of analysis’.

Abstract: The Nobel prize-winning novelist and anthropologist Andrew Lang once said, “An unsophisticated forecaster uses statistics as a drunken man uses lamp-posts – for support rather than for illumination”. In the past 18 months, a manifestation of this adage has spread like a Cambrian explosion in the ICO space. In many cases, wild or fuzzy valuations of business proposals described in white papers have led to questionable allocations of capital and fueled numerous scams. And if various token valuation models were created, many turned out to be nothing more than over-simplistic retro-fitted versions of stock valuation models. But a stock is not a token, and vice versa. As we come to grasps with this new asset class, the lessons of the past 18 months show us that we need to develop new models that can help us ascertain the true value of tokens. In this talk, researchers from the Blockchain Perspectives Joint Research Initiative offer their view on what has been done and what variables need to be taken into consideration in order to build new token valuation models for the future.

Bio: Kary Bheemaiah is the Director of Research at Uchange, an Associate Research Scientist at Cambridge Judge Business School and Senior Fellow at École des Ponts Business School. A frequent public speaker, his appearances can be found on TEDx and TheNextWeb events. He is the author of the book, ‘The Blockchain Alternative: Rethinking Macroeconomic Policy and Economic Theory’ (2017), and his articles on Blockchain and Fintech have been published on Wired, Harvard Business Review, and the World Economic Forum. He is part of BNP Paribas and CDC Recherche’s ‘Blockchain Perspectives Joint Research Initiative’ and is the primary author of the report ‘Crypto-asset Valuation: Identifying the variables of analysis’ (Oct 2018).


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