| Author: | Wang, Shitao |
| Title: | Examine the benefits and challenges in the adoption of blockchain technology and real-world asset tokenization to SME financing |
| Advisors: | Xiao, Guang (LMS) Tong, Wilson (AF) |
| Degree: | DFinTech |
| Year: | 2024 |
| Subject: | Small business -- Finance Finance -- Technological innovations Blockchains (Databases) NFTs (Tokens) Hong Kong Polytechnic University -- Dissertations |
| Department: | Faculty of Business |
| Pages: | xiv, 288 pages : color illustrations |
| Language: | English |
| Abstract: | Small and medium enterprises are of crucial importance to economic development, yet they have long struggled to secure financing through traditional channels. The emergence of blockchain technology and asset tokenization offers promising alternatives for SME financing, but these innovations also present significant challenges. This study examined the benefits and challenges associated with the adoption of blockchain technology and real-world asset tokenization for SME financing. This thesis is divided into two parts. The first part is an ethnographic study exploring the benefits and challenges of blockchain adoption and asset tokenization. Six key benefit and challenge factors were identified through a review of existing literature. Open-ended, semi-structured interviews were conducted with experienced professionals in the blockchain and asset tokenization industries. Their insights were analyzed using qualitative data analysis methods. The second part of the study presents a practical application case of tokenization from a consumer finance-focused start-up E-Commerce company, which motivated this research. The case study proposes and analyzes the asset tokenization of accounts receivables generated from buy-now-pay-later (BNPL) transactions. This research provides a comprehensive analysis of the potential of blockchain and asset tokenization in enhancing SME financing. It identifies the key challenges that need to be addressed for successful implementation. |
| Rights: | All rights reserved |
| Access: | restricted access |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 7812.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 4.4 MB | Adobe PDF | View/Open |
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