ABSTRACT
The main objective of the monograph – finding a systemic solution that uses the potential of blockchain technology enabling the financing of large, capital-intensive investment projects – is achieved in Chapter 7. It is crucial to propose an approach that will potentially integrate functionalities in several areas: formal and legal, systemic and organizational, economic and financial, as well as technical. Sources of effectiveness of the proposed solution are identified: Investor-clients receive at least two streams of benefits; The possibility of trading and the use of automatic market makers allow for the introduction of the option of token liquidation even in a relatively illiquid market; The inefficiencies of a monopoly are potentially limited; The so-called wisdom of the crowd is used in project supervision; The social (community) nature of the project generates fewer requirements for full planning of the entire project; The project is adapted to legally permissible possibilities; and Process automation based on blockchain technology.
