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The purpose of this paper is to assess the future of long‐term curation and preservation of digital assets with particular reference to Further Education (FE) in the UK.
Abstract
Purpose
The purpose of this paper is to assess the future of long‐term curation and preservation of digital assets with particular reference to Further Education (FE) in the UK.
Design/methodology/approach
Reviews current requirements of digital preservation and the efforts underway to support them. Drawing on other recent work and the author’s experience in a recent development project it subsequently comments on these efforts in the context of FE.
Findings
Argues that the long‐term curation and preservation of digital assets produced by further education colleges should not be the responsibility of those colleges.
Research limitations/implications
Written with direct reference to the UK; how the suggested solution would be applied elsewhere remains undeveloped.
Practical implications
National memory institutions should strive to establish collaborative curatorial practices with the FE sector.
Originality/value
Suggests that the preservation of digital assets in the FE sector requires a different approach than the HE sector.
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Yong Jin Park, Yoonmo Sang, Hoon Lee and S. Mo Jones-Jang
The digitization of the life has brought complexities associated with addressing digital life after one’s death. This paper aims to investigate the two related issues of the…
Abstract
Purpose
The digitization of the life has brought complexities associated with addressing digital life after one’s death. This paper aims to investigate the two related issues of the privacy and property of postlife digital assets.
Design/methodology/approach
The understanding of digital assets has not been fully unpacked largely due to the current policy complexities in accessing and obtaining digital assets at death. This paper calls critical attention to the importance of respecting user rights in digital environments that currently favor service providers’ interests.
Findings
It is argued that there are ethical blind spots when protecting users’ rights, given no ontological difference between a person’s digital beings and physical existence. These derive from the restrictive corporate terms and ambiguous conditions drafted by digital service providers.
Originality/value
Fundamentally, the transition to the big data era, in which the collection, use and dissemination of digital activities became integral part of the ontology, poses new challenges to privacy and property rights after death.
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This chapter discusses the current landscape for digital asset investing and the many operational risks facing cryptocurrency investors. It also discusses the ongoing progress in…
Abstract
This chapter discusses the current landscape for digital asset investing and the many operational risks facing cryptocurrency investors. It also discusses the ongoing progress in the institutionalization of digital asset investment and the risks inherent when investing in cryptocurrencies and blockchain opportunities. Investors considering investing in a public or private fund that invests in digital assets must be aware of the operational risks that may directly impact their investments, including risks from portfolio concentration, illiquidity, hacking, digital asset custody, and digital asset valuations. Operational due diligence reviews of funds and fund managers are critical in assessing operational risks for digital asset investment.
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Daniel Dupuis, Deborah Smith and Kimberly Gleason
The purpose of this study is to describe the evolution of fraud schemes with historically conducted with fiat money in physical space to the crypto-assets in digital space as…
Abstract
Purpose
The purpose of this study is to describe the evolution of fraud schemes with historically conducted with fiat money in physical space to the crypto-assets in digital space as follows: ransomware, price manipulation, pump and dump schemes, misrepresentation, spoofing and Ponzi Schemes. To explain how fraud schemes have evolved alongside digital asset markets, this study applies the space transition theory.
Design/methodology/approach
The methodology used is a review of the media regarding six digital asset fraud schemes that have evolved from physical space to virtual space that are currently operational, as well as a review of the literature regarding the space transition theory.
Findings
This paper finds that the digital space and digital assets may facilitate pseudonymous criminal behavior in the present regulatory environment.
Research limitations/implications
The field is rapidly evolving, however this study finds that the conversion from physical to virtual space obfuscates the criminal activity, facilitating anonymity of the perpetrators, and creating new challenges for the legal and regulatory environment.
Practical implications
This paper finds that the digital space and digital assets may facilitate pseudonymous criminal behavior in the present regulatory environment. An understanding of the six crypto-asset fraud schemes described in the paper is useful for anti-financial crime professionals and regulators focusing on deterrence.
Social implications
The space transition theory offers an explanation for why digital space leads criminals to be better positioned to conduct financial crime in virtual space relative to physical space. This offers insights into behavior of digital asset fraudster behavior that could help limit the social damage caused by crypto-asset fraud.
Originality/value
To the authors’ knowledge, this paper is the first to detail the evolution of fraud schemes with fiat money in physical space to their corresponding schemes with digital assets in physical space. This study is also the first to integrate the space transition theory into an analysis of digital asset fraud schemes.
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Katherine Kirkpatrick, Aaron Stephens, Jacob Gerber, Margaret Nettesheim and Sebastian Bellm
To evaluate the global anti-money laundering regulation of digital assets and cryptocurrencies.
Abstract
Purpose
To evaluate the global anti-money laundering regulation of digital assets and cryptocurrencies.
Design/methodology/approach
This article provides an analysis of macro trends in digital asset money laundering regulation and explores the regulatory frameworks in some of the leading international crypto markets.
Findings
As the popularity and public adoption of digital assets have grown, global regulators have turned their attention to the risks of anti-money laundering. Monitoring the evolving international regulatory landscape is essential for organizations looking to successfully take advantage of digital asset-related investment opportunities.
Practical implications
Market participants should understand all applicable laws and procedures before they decide to enter the digital asset market. These considerations can become even more complex as businesses interact with multiple international regulators.
Originality/value
This article is designed to help investors understand the global anti-money laundering regulatory landscape regarding digital assets, particularly for those institutions interested in diversifying with crypto-related investment opportunities.
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Digital content is a common denominator that underlies all discussions on scholarly communication, digital preservation, and asset management. This past decade has seen a…
Abstract
Purpose
Digital content is a common denominator that underlies all discussions on scholarly communication, digital preservation, and asset management. This past decade has seen a distinctive evolution in thinking among stakeholders on how to assemble, care for, deliver, and ultimately preserve digital resources in a college and university environment. At first, institutional repositories promised both a technical infrastructure and a policy framework for the active management of scholarly publications. Now other approaches that take a broader view of digital content hold sway, the result being confusion rather than clarity about where digital content originates, who the stakeholders are, and how to establish and adjust asset management priorities. This article seeks to present a model for plotting the range of digital content that might be amenable to management as digital assets in higher education.
Design/methodology/approach
The article reviews differing perspectives on digital content, outlines a generalized model, and suggests how the model could be used for examining the distribution of campus digital assets and fostering dialog on management priorities across stakeholder communities.
Findings
A multivariate model of digital content provides a rich framework for analyzing asset management priorities in a university setting. The model should be applied and tested in a variety of university settings.
Practical implications
The model is a tool for establishing asset management priorities across campus units that produce digital content.
Originality/value
The paper offers an original model for evaluating the asset values of digital content produced or acquired in a university context.
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Arne Isaksen, Michaela Trippl, Nina Kyllingstad and Jan Ole Rypestøl
This paper aims to develop a conceptual framework for analysing wide-ranging digital transformation processes of industries in regional contexts.
Abstract
Purpose
This paper aims to develop a conceptual framework for analysing wide-ranging digital transformation processes of industries in regional contexts.
Design/methodology/approach
The paper includes theoretical work to create a conceptual framework. The paper illustrates and advances the framework by analysing examples from two clusters, one focused on the production of digital products and services and one centred on applying digital tools to make firms’ existing activities more efficient.
Findings
The paper distinguishes between three main and interlinked categories of digitalisation; development of scientific principles that form the basis for developing digital technologies; making of digital products and services; and application of these in production and work processes. Digital transformation of industries located in particular regions relate to changes of (regional) innovation systems. The authors interpret this as processes of asset modification, distinguishing between re-use of existing assets, creation of new assets and (strategic) destruction of outdated assets. Digital transformation may lead to various forms of innovation and path development activities in regional economies.
Practical implications
The paper highlights the importance of modification of assets in organisations and at the level of regional innovation systems to support digitalisation. Organisations need to build absorptive capacity for digitalisation. Regional innovation systems face the challenge to build relevant common assets.
Originality/value
The paper advocates a comprehensive framework to better understand how digital transformation unfolds. It challenges established economic geography approaches, which propagate firm-based views and centre stage skill and technological relatedness. An alternative conceptual framework for scrutinising digital transformation processes in industries in regional contexts is presented.
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Kenneth J. Berman, Morgan J. Hayes, Matthew E. Kaplan, Byungkwon Lim, Gary E. Murphy, Yean Do and Jonathan R. Steinberg
To analyze and draw conclusions from the “Framework for ‘Investment Contract’ Analysis of Digital Assets” (the “Framework”), released by the US Securities and Exchange Commission…
Abstract
Purpose
To analyze and draw conclusions from the “Framework for ‘Investment Contract’ Analysis of Digital Assets” (the “Framework”), released by the US Securities and Exchange Commission (the “SEC”) on April 3, 2019, and the SEC’s corresponding no-action letter to TurnKey Jet, Inc. (“TKJ”), which is the SEC’s first no-action letter publicly agreeing with the view that the digital asset described therein is not a security.
Design/Methodology/Approach
Explains how the Framework assists market participants in analyzing whether a digital asset is a security, by applying the Howey factors for identifying an investment contract. Discusses the SEC’s TKJ Letter, highlighting the factors the SEC emphasized in its analysis of the Framework.
Findings
While largely reiterating prior guidance, the Framework provides a helpful overview of the SEC’s views on when a digital asset is a security and how to properly analyze the prongs of Howey with respect to digital assets. The Framework also leaves certain important questions unanswered, including, for example, whether digital assets distributed by means of a so-called “Airdrop” are securities under the Framework, and the extent to which the Framework is meant to interact with digital assets that were issued or otherwise operate on platforms that are primarily overseas.
Originality/Value
Expert guidance from lawyers with broad experience in financial services, securities, investment funds, derivatives, and digital assets regulation and compliance.
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– To address the importance of including corporate digital assets in the continuity planning process and the need to adequately protect the company’s digital property.
Abstract
Purpose
To address the importance of including corporate digital assets in the continuity planning process and the need to adequately protect the company’s digital property.
Design/methodology/approach
This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.
Findings
The emergence of digital has given businesses the ability to generate enormous amounts of data, enabling them to effectively communicate with existing customers and stakeholders, attract new customers and remain competitive. Failure to protect the company’s digital property not only can result in a sudden loss of access to vital information but also can create a tangible financial loss and an intangible loss of goodwill.
Practical implications
By comprehending what digital assets are and their importance to the business, executives – particularly those in startups and small- and medium-sized enterprises – will understand the need to adequately protect these valuable assets.
Originality/value
The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.
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Christopher James Roberts, Erika Anneli Pärn, David John Edwards and Clinton Aigbavboa
Advancements in digital technologies have provided significant opportunities to improve the Architecture, Engineering, Construction and Owner-operated (AECO) sector’s performance…
Abstract
Purpose
Advancements in digital technologies have provided significant opportunities to improve the Architecture, Engineering, Construction and Owner-operated (AECO) sector’s performance through superior data management, streamlined processes and cooperative working practices. However, whilst academic literature widely espouses these benefits during the design and construction phases of development, research suggests that the operational phase of a building’s lifecycle has yet to fully realise performance improvements available through the application of digital modelling technology. The purpose of this paper is to synthesise extant digital modelling, asset management and emergent digital asset management literature, to report upon the beneficial implications of digitalised asset management and identify obstacles hampering its adoption in industry.
Design/methodology/approach
A componential synthesis of future work reported upon in extant literature is organised into thematic categories that indicate potential research avenues and a trajectory for digital asset management research and practice.
Findings
Themes identified include: imprecise Building Information Modelling definitions; isolated software development; data interoperability; intellectual property and virtual property rights; and skills and training requirements. Notably, increased environmental performance also arose as a theme requiring further research but received considerably less academic coverage than the other obstacles identified.
Originality/value
The work presents a comprehensive review of digital technologies utilised within the AECO sector and as such provides utility to researchers, policy makers and practitioners to enhance their knowledge capabilities.
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