Article Review “Substantiation of the Term “Digital Asset”: Economic and Legal Aspects”, author Kud A. А.
Author`s Contribution:
- Simon Kuznets Kharkiv National University of Economics, Ukraine
Background and aim of study:
Research methods:
Results:
Conclusion:
Keywords:
Copyright:
DOI and UDC:
DOI: 10.26697/ijes.2019.2.52; UDC: 655.55:014.3
Information about the authors:
Yermachenko Volodymyr Yehorovych – Doctor of
Philosophy in Economics, Professor; Vice-Rector on
Scientific and Pedagogical Work, Simon Kuznets
Kharkiv National University of Economics, Kharkiv,
Ukraine.
Review:
The paper of A. Kud on “Substantiation of the Term
“Digital Asset”: Economic and Legal Aspects” has
been published in the International Journal of
Education and Science, 2(1), 2019.
The subject of substantiating the introduction of new
terms and clarifying the definitions in the field of IT
economy is incredibly important, it deserves attention
and discussions among scientists.
The reviewed paper is one of the first publications
where the term “digital asset” is being substantiated.
The author specifies the term “digital asset” based on
the complex of theoretical research methods: analysis
and synthesis, abstraction, comparison, generalization,
systematization and interpretation of results.
However, it is worth noting that the author focuses
mostly on the economic and legal aspects of this
definition, which is due to the subject of his research,
and it, as a result, narrows the application area of the
clarified term in a certain way. Nonetheless, this
combination is extremely important and relevant for
the practical use and allows integrating this term into
the economic and legal fields.
The highlighted aspects allowed the author to study the
application areas of this term and define its unique
features in more detail.
The paper is written in a scientific language, and at the
same time, it is not overloaded with highly specialized
terminology. The author’s achievement lies in a careful
selection and analysis of scientific, popular science,
reference and technical literature on the research topic.
He used more than fifty literature sources, which
include dictionaries, encyclopedias, scientific
periodicals, legal documents and electronic
publications.
The author carried out a research on studying the terms
“digital”, “asset”, “unique identifier”, “derivative”,
“right”, “information resource”, “distributed ledger”
and “value”. The specifics and possibilities of the use
of the Blockchain technology have also been described.
The analysis of literature sources allowed the author to
scientifically substantiate his understanding of the
essential characteristics of the definition “Digital asset
is an information resource derivative of the right to a
value and circulating in the distributed ledger in the
form of a unique identifier”. This definition specifies
the essence of the term, which is important for its
subsequent categorization not only in the aspect of
theoretical studies, but also in the aspect of practical
application.
The use of the term “digital asset” and its essential
characteristics clarified by the author are promising
because the area of its application is quite extensive,
which includes: texts, Emails, documents, audio and
video files, social network content, codes, service and
insurance records, computer source codes, software,
licenses, databases and other objects that can circulate
in the Blockchain systems.
In my opinion, the author managed to achieve the goal
stated at the beginning of the paper and substantiate the
essence of the term “digital asset” in the economic and
legal aspects on the basis of the etymological analysis
and other theoretical research methods he used.
The conclusions of the author regarding the essence of
the term “digital asset” are logical and reasonable,
which is evident due to the use of a complex of
theoretical research methods. The scheme of “Essential
semantic features of the term “digital asset” in the
economic and legal aspects” proposed by the author is
characterized by four components (economic, legal,
information and value) and allows clarifying the
relations and interdependence between the components,
gives the study integrity and also opens up prospects
for further research.
The paper is compiled on a high scientific level and is
of high theoretical and practical interest. The obtained
results can be used by economists and lawyers in the
financial and legal fields, as well as for the formation
of a conceptual and categorical framework in the field
of IT economy.
References:
Kud, A. A. (2019). Substantiation of the Term “Digital
Asset”: Economic and Legal Aspects. International
Journal of Education and Science, 2(1), 41–52.
doi:10.26697/ijes.2019.1.06