Fintech and Blockchain based Innovation: Technology driven Business Models and Disruption

Information technology is constantly redefining business models. In banking and finance, blockchain and fintech are advancing service provision and users’ engagement, leading some media to coin the expression “Uberization of banking”. This Chapter 18 extrapolates from sharing economy models to conclude that, notwithstanding inherent innovative features, blockchain and fintech are not destined to disrupt finance and banking. Through analogy and successive approximations, the authors identify the limitations of the arguments for disruption. Moreover, starting from stylized facts, the authors raise concerns on potential threats arising from financial innovations such as Tokenomics, referred to as “Naught-Backed Securities”.