學術產出-Theses
Article View/Open
Publication Export
-
題名 區塊鏈應用於智慧財產募資之研究-以CFun為例
Blockchain-based Fundraising in Intellectual Property Field- A case study of CFun作者 楊鎧豪
Yang, Kai-Hao貢獻者 宋皇志
Sung, Huang-Chih
楊鎧豪
Yang, Kai-Hao關鍵詞 區塊鏈
智慧財產權
募資
交易平台
證券型代幣
首次代幣發行日期 2021 上傳時間 2-Sep-2021 18:10:18 (UTC+8) 摘要 智慧財產對於企業的重要性與日俱增,隨著智慧財產價值不斷的提高,智慧財產管理對企業的重要性不言而喻,可惜如今對於智慧財產管理的討論與關注度仍趕不上其與日俱增的重要性,針對智慧財產做為募資項目的探討更是少之又少。在區塊鏈已造成熱潮的如今,區塊鏈在募資上的應用,對傳統募資方式帶來破壞式創新,可能帶給智慧財產募資新的機會,智慧財產得以透過區塊鏈的技術更輕鬆簡單地證券化後,再以區塊鏈代幣的方式發行,除了能夠讓交易更輕鬆簡單跨越國界的藩籬之外,更是大幅降低了成本。在區塊鏈技術運用在募資上有如此大改變的背景下,本文欲了解與探討區塊鏈技術對於以智慧財產權相關商業模式做為營業項目的公司與企業募資帶來的影響與改變為何,並以一實際營運之公司-CFun為例,了解區塊鏈應用於智慧財產權募資之實際情形進行觀察與研究,並藉此觀察與研究,嘗試提出可供其他以智慧財產權相關商業模式做為營業項目的公司與企業,欲利用區塊鏈做為募資方式時實際可採用之具體建議。 參考文獻 一、 中文1. Erins, 企業上鏈該如何選擇呢?公鏈、私有鏈與聯盟鏈 (Jun. 3, 2019), https://www.abmedia.io/consortium-blockchain, 最後瀏覽日 3/8/20212. 中央銀行,「虛擬通貨發展現況及主要國家監管措施」暨「如何避免泛公股行庫藉著 | 防制洗錢所需,針對香港澳門大陸地區金流進行嚴審現象」專題報告2018年10月,頁4。3. 巴比特,資金瘋狂押注IFO, https://www.chainnews.com/zh-hant/articles/437660997677.htm/, 最後瀏覽日 05/25/20214. 宋皇志(2020), 「公司治理的新樂章: 智慧財產管理」 ,《月旦法學雜誌》,第304 期,頁75. 宋皇志,吳婕華(2021), 「虛擬貨幣之法律性質與監理規範」 ,《臺北大學法學論叢》,第117期,頁155。6. 金管會新聞稿,金管會再次提醒社會大眾投資比特幣等虛擬商品的風險, https://www.fsc.gov.tw/ch/home.jsp?id=96&parentpath=0,2&mcustomize=news_view.jsp&dataserno=201712190002&aplistdn=ou=news,ou=multisite,ou=chinese,ou=ap_root,o=fsc,c=tw&dtable=News, y最後瀏覽日6/2/20217. 金融科技創新實驗管理辦法第6條8. 徐明星、田穎、李霽月, 圖解區塊鏈, 2017年12月9. 高靖鈞、丁川偉、陳耀鑫、馬金溝、陳澤世, 區塊鏈簡介與技術探討, https://ictjournal.itri.org.tw/Content/Messagess/contents.aspx?MSID=744257557510131250&MmmID=654304432061644411, 最後瀏覽日 1/17/202110. 辜騰玉, 區塊鏈技術演進史, https://www.ithome.com.tw/news/105370/, 最後瀏覽日 1/15/202111. 辜騰玉, 區塊鏈技術演進史, https://www.ithome.com.tw/news/105370/, 最後瀏覽日 3/30/202112. 黃朝琮,首次代幣發行的美麗新世界?我國證券型代幣之規範架構評釋, 交大法學評論第六期,頁151-195, 202013. 駱芷葳(2019), 「破壞式創新:ICO IPO之影響評估(上)」 ,《證券服務》,第673 期,頁51.14. 譚磊、陳剛,區塊鏈2.0,2016年4月 二、 英文1. Amsden R, Schweizer D (2018) Are Blockchain Crowdsales the New `Gold Rush`? Success Determinants of Initial Coin Offerings. Working paper.2. BitBeat: Bitcoin Exchanges Finally Getting Some Relief, https://www.wsj.com/articles/BL-MBB-16539, 最後瀏覽日 12/11/20203. Bitcoin: A Peer-to-peer Electronic Cash System, https://bitcoin.org/bitcoin.pdf, 最後瀏覽日 12/11/20204. Black E. (1988). Life-cycle impacts in the incremental value-relevance of earnings and cash flow measures. Journal of Financial Statement Analysis 4(1): 40-56.5. CSA, CSA Staff Notice 46-307 Cryptocurrency Offerings, https://www.securities-administrators.ca/uploadedFiles/Industry_Resources/2017aout24-46-307-avis-acvm-en.pdf, 最後瀏覽日 06/08/20216. CSA, CSA Staff Notice 46-308 Securities Law Implications for Offerings of Tokens, https://www.securities-administrators.ca/uploadedFiles/Industry_Resources/2018juin11-46-308-avis-acvm-en.pdf, 最後瀏覽日 06/08/20217. Eisenhardt, K. M. (1989). Building theories from case study research. Academy of Management Review, 14, 532-5508. Ethan Mollick (2014) .The dynamics of crowdfunding: An exploratory study, , Volume 29, Issue 1, January, Pages 1-169. Fairfield, J.: Tokenized: The law of non-fungible tokens and unique digital property. Indiana Law Journal, Forthcoming,202110. Finney , H. ( 2004 ) RPOW — Reusable proofs of work , https://cryptome.org/rpow.htm ,最後瀏覽日 4/05/202111. Global Cryptocurrency Charts, https://coinmarketcap.com/charts/, 最後瀏覽日 06/06/202112. ICO Watchlist, Section 3: History and evolution of ICOs, https://icowatchlist.com/education /history-and-evolution-of-icos, 最後瀏覽日 12/11//202013. ICORATING, How to Launch STOs, https://icorating.com/news/2018-9-icorating-and-dilendorf-khurdayan-report-how-to-launch-an-sto/, 最後瀏覽日 1/12/202114. ICORATIOG, How to Launch STOs, https://icorating.com/report/how-to-launch-stos/, 最後瀏覽日 05/25/202115. Kevin V. Tu & Michael W. Meredith, Rethinking Virtual Currency Regulation in the Bitcoin Age, 90 WASH. L. (2015).16. Leslie Lamport, Robert Shostak, and Marshall Pease. (Lamport et al, 1982), “The Byzantine generals problem”. In: ACM Transactions on Programming Languages and Systems (TOPLAS) 4.3 (1982), pp. 382–401.17. M. Holland, J. Stjepandi´c, and C. Nigischer, “Intellectual property protection of 3d print supply chain with blockchain technology,” in 2018 IEEE International Conference on Engineering, Technology and Innovation (ICE/ITMC), pp. 1–8, June 2018.18. Mark Anson, “Initial Exchange Offerings: The Next Evolution in Cryptocurrencies,” The Journal of Alternative Investments, vol. 23, no. 4, pp. 110–121, Mar. 2021.19. MAS, A Guide to Digital Token Offerings, https://www.mas.gov.sg/regulation/explainers/a-guide-to-digital-token-offerings ,最後瀏覽日 06/08/202120. Neal Koblitz, “Elliptic Curve Cryptosystems”, Mathematics of Computation, 48n.177 (1987), Pg. 203-20921. Osawa, Yoshitaka and Kumiko Miyazaki. “An Empirical Analysis of the Valley of Death: Large-Scale R&D Projet Performance in a Japanese Diversified Company.” Asian Jorunal of Technology Innovation 14(2):93–116,201622. PRIMAVERA DE FILIPPI & AARON WRIGHT, BLOCKCHAIN AND THE LAW: THE RULE OF CODE, 22 (2018)23. PwC, 6th ICO/STO Report- A Strategic Perspective,202024. Qin Wang, Rujia Li, Qi Wang, Shiping Chen, Non-Fungible Token (NFT): Overview, Evaluation, Opportunities and Challenges, https://arxiv.org/pdf/2105.07447.pdf, 最後瀏覽日 06/07/202125. S. Vanstone, “Responses to NIST`s Proposal”, Communications of the ACM, 35,July 1992, 50-52 (communicated by John Anderson)26. Scott Fargo, It`s Bitcoin`s Birthday: Whitepaper Released 8 Years Ago Today (Oct. 31, 2016), at https://news.bitcoin.com/bitcoin-birthday-whitepaper/, 最後瀏覽日 1/15/202127. SEC, Regulation Crowdfunding, https://www.sec.gov/smallbusiness/exemptofferings/regcrowdfunding, 最後瀏覽日 06/01/202128. SEC, SEC Adopts Rules to Facilitate Smaller Companies’ Access to Capital, https://www.sec.gov/news/pressrelease/2015-49.html, 最後瀏覽日 06/01/202129. SEC, SEC Filing Detail, https://www.sec.gov/Archives/edgar/data/0001760937/000176093718000001/0001760937-18-000001-index.htm, 最後瀏覽日 06/03/202130. SEC, SEC Harmonizes and Improves “Patchwork” Exempt Offering Framework, https://www.sec.gov/news/press-release/2020-273, 最後瀏覽日 06/01/202131. Tapscott, Don; Tapscott, Alex. The Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World. May 2016.32. U. Bodkhe, S. Tanwar, K. Parekh, P. Khanpara, S. Tyagi, N. Kumar, M. Alazab, Blockchain for industry 4.0: a comprehensive review, IEEE Access 8 (2020) 描述 碩士
國立政治大學
科技管理與智慧財產研究所
104364210資料來源 http://thesis.lib.nccu.edu.tw/record/#G0104364210 資料類型 thesis dc.contributor.advisor 宋皇志 zh_TW dc.contributor.advisor Sung, Huang-Chih en_US dc.contributor.author (Authors) 楊鎧豪 zh_TW dc.contributor.author (Authors) Yang, Kai-Hao en_US dc.creator (作者) 楊鎧豪 zh_TW dc.creator (作者) Yang, Kai-Hao en_US dc.date (日期) 2021 en_US dc.date.accessioned 2-Sep-2021 18:10:18 (UTC+8) - dc.date.available 2-Sep-2021 18:10:18 (UTC+8) - dc.date.issued (上傳時間) 2-Sep-2021 18:10:18 (UTC+8) - dc.identifier (Other Identifiers) G0104364210 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/137139 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 科技管理與智慧財產研究所 zh_TW dc.description (描述) 104364210 zh_TW dc.description.abstract (摘要) 智慧財產對於企業的重要性與日俱增,隨著智慧財產價值不斷的提高,智慧財產管理對企業的重要性不言而喻,可惜如今對於智慧財產管理的討論與關注度仍趕不上其與日俱增的重要性,針對智慧財產做為募資項目的探討更是少之又少。在區塊鏈已造成熱潮的如今,區塊鏈在募資上的應用,對傳統募資方式帶來破壞式創新,可能帶給智慧財產募資新的機會,智慧財產得以透過區塊鏈的技術更輕鬆簡單地證券化後,再以區塊鏈代幣的方式發行,除了能夠讓交易更輕鬆簡單跨越國界的藩籬之外,更是大幅降低了成本。在區塊鏈技術運用在募資上有如此大改變的背景下,本文欲了解與探討區塊鏈技術對於以智慧財產權相關商業模式做為營業項目的公司與企業募資帶來的影響與改變為何,並以一實際營運之公司-CFun為例,了解區塊鏈應用於智慧財產權募資之實際情形進行觀察與研究,並藉此觀察與研究,嘗試提出可供其他以智慧財產權相關商業模式做為營業項目的公司與企業,欲利用區塊鏈做為募資方式時實際可採用之具體建議。 zh_TW dc.description.tableofcontents 第一章 緒論 1第一節 研究背景與動機 1第二節 研究目的 5第三節 研究流程 6第二章 區塊鏈技術與發展 8第一節 區塊鏈與比特幣 8第二節 何為區塊鏈 9第三節 區塊鏈演進史 14壹、 區塊鏈的史前時代-2008年以前 14貳、 區塊鏈1.0-加密貨幣時代 16參、 區塊鏈2.0-智能合約與分散式應用程式 17肆、 區塊鏈3.0-走出金融領域的區塊鏈 18伍、 區塊鏈4.0-面向社會大眾的區塊鏈時代 19第三章 區塊鏈上的募資方式 20第一節 首次代幣發行 22第二節 證券型代幣發行 28第四章 CFun項目發展分析 32第一節 Cfun簡介 32第二節 CFun生態圈的構建 35第三節 CFun價值判斷方法與好看指數 36第四節 CFun生態圈裡的商業模式 38第五節 CFun Token的獎勵池機制 40第六節 CFun 發展大事記 42第五章 CFun募資狀況研究與分析 45第一節 CFun Token的發行與分發 45壹、 發行(Issuance) 45貳、 分發(Distribution) 45參、 CFun ICO其他發行細節 47肆、 CFun募資結果分析 47第二節 可能影響區塊鏈募資的因素 50壹、 白皮書(White Paper) 50貳、 社群媒體的經營 50參、 項目方的代幣的保留比例 50肆、 穩健可行的商業模式 51第三節 STO可能成為區塊鏈募資的趨勢 52第四節 NFT帶來的機會 53第六章 結論與建議 55參考文獻 59 zh_TW dc.format.extent 2603045 bytes - dc.format.mimetype application/pdf - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0104364210 en_US dc.subject (關鍵詞) 區塊鏈 zh_TW dc.subject (關鍵詞) 智慧財產權 zh_TW dc.subject (關鍵詞) 募資 zh_TW dc.subject (關鍵詞) 交易平台 zh_TW dc.subject (關鍵詞) 證券型代幣 zh_TW dc.subject (關鍵詞) 首次代幣發行 zh_TW dc.title (題名) 區塊鏈應用於智慧財產募資之研究-以CFun為例 zh_TW dc.title (題名) Blockchain-based Fundraising in Intellectual Property Field- A case study of CFun en_US dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) 一、 中文1. Erins, 企業上鏈該如何選擇呢?公鏈、私有鏈與聯盟鏈 (Jun. 3, 2019), https://www.abmedia.io/consortium-blockchain, 最後瀏覽日 3/8/20212. 中央銀行,「虛擬通貨發展現況及主要國家監管措施」暨「如何避免泛公股行庫藉著 | 防制洗錢所需,針對香港澳門大陸地區金流進行嚴審現象」專題報告2018年10月,頁4。3. 巴比特,資金瘋狂押注IFO, https://www.chainnews.com/zh-hant/articles/437660997677.htm/, 最後瀏覽日 05/25/20214. 宋皇志(2020), 「公司治理的新樂章: 智慧財產管理」 ,《月旦法學雜誌》,第304 期,頁75. 宋皇志,吳婕華(2021), 「虛擬貨幣之法律性質與監理規範」 ,《臺北大學法學論叢》,第117期,頁155。6. 金管會新聞稿,金管會再次提醒社會大眾投資比特幣等虛擬商品的風險, https://www.fsc.gov.tw/ch/home.jsp?id=96&parentpath=0,2&mcustomize=news_view.jsp&dataserno=201712190002&aplistdn=ou=news,ou=multisite,ou=chinese,ou=ap_root,o=fsc,c=tw&dtable=News, y最後瀏覽日6/2/20217. 金融科技創新實驗管理辦法第6條8. 徐明星、田穎、李霽月, 圖解區塊鏈, 2017年12月9. 高靖鈞、丁川偉、陳耀鑫、馬金溝、陳澤世, 區塊鏈簡介與技術探討, https://ictjournal.itri.org.tw/Content/Messagess/contents.aspx?MSID=744257557510131250&MmmID=654304432061644411, 最後瀏覽日 1/17/202110. 辜騰玉, 區塊鏈技術演進史, https://www.ithome.com.tw/news/105370/, 最後瀏覽日 1/15/202111. 辜騰玉, 區塊鏈技術演進史, https://www.ithome.com.tw/news/105370/, 最後瀏覽日 3/30/202112. 黃朝琮,首次代幣發行的美麗新世界?我國證券型代幣之規範架構評釋, 交大法學評論第六期,頁151-195, 202013. 駱芷葳(2019), 「破壞式創新:ICO IPO之影響評估(上)」 ,《證券服務》,第673 期,頁51.14. 譚磊、陳剛,區塊鏈2.0,2016年4月 二、 英文1. Amsden R, Schweizer D (2018) Are Blockchain Crowdsales the New `Gold Rush`? Success Determinants of Initial Coin Offerings. Working paper.2. BitBeat: Bitcoin Exchanges Finally Getting Some Relief, https://www.wsj.com/articles/BL-MBB-16539, 最後瀏覽日 12/11/20203. Bitcoin: A Peer-to-peer Electronic Cash System, https://bitcoin.org/bitcoin.pdf, 最後瀏覽日 12/11/20204. Black E. (1988). Life-cycle impacts in the incremental value-relevance of earnings and cash flow measures. Journal of Financial Statement Analysis 4(1): 40-56.5. CSA, CSA Staff Notice 46-307 Cryptocurrency Offerings, https://www.securities-administrators.ca/uploadedFiles/Industry_Resources/2017aout24-46-307-avis-acvm-en.pdf, 最後瀏覽日 06/08/20216. CSA, CSA Staff Notice 46-308 Securities Law Implications for Offerings of Tokens, https://www.securities-administrators.ca/uploadedFiles/Industry_Resources/2018juin11-46-308-avis-acvm-en.pdf, 最後瀏覽日 06/08/20217. Eisenhardt, K. M. (1989). Building theories from case study research. Academy of Management Review, 14, 532-5508. Ethan Mollick (2014) .The dynamics of crowdfunding: An exploratory study, , Volume 29, Issue 1, January, Pages 1-169. Fairfield, J.: Tokenized: The law of non-fungible tokens and unique digital property. Indiana Law Journal, Forthcoming,202110. Finney , H. ( 2004 ) RPOW — Reusable proofs of work , https://cryptome.org/rpow.htm ,最後瀏覽日 4/05/202111. Global Cryptocurrency Charts, https://coinmarketcap.com/charts/, 最後瀏覽日 06/06/202112. ICO Watchlist, Section 3: History and evolution of ICOs, https://icowatchlist.com/education /history-and-evolution-of-icos, 最後瀏覽日 12/11//202013. ICORATING, How to Launch STOs, https://icorating.com/news/2018-9-icorating-and-dilendorf-khurdayan-report-how-to-launch-an-sto/, 最後瀏覽日 1/12/202114. ICORATIOG, How to Launch STOs, https://icorating.com/report/how-to-launch-stos/, 最後瀏覽日 05/25/202115. Kevin V. Tu & Michael W. Meredith, Rethinking Virtual Currency Regulation in the Bitcoin Age, 90 WASH. L. (2015).16. Leslie Lamport, Robert Shostak, and Marshall Pease. (Lamport et al, 1982), “The Byzantine generals problem”. In: ACM Transactions on Programming Languages and Systems (TOPLAS) 4.3 (1982), pp. 382–401.17. M. Holland, J. Stjepandi´c, and C. Nigischer, “Intellectual property protection of 3d print supply chain with blockchain technology,” in 2018 IEEE International Conference on Engineering, Technology and Innovation (ICE/ITMC), pp. 1–8, June 2018.18. Mark Anson, “Initial Exchange Offerings: The Next Evolution in Cryptocurrencies,” The Journal of Alternative Investments, vol. 23, no. 4, pp. 110–121, Mar. 2021.19. MAS, A Guide to Digital Token Offerings, https://www.mas.gov.sg/regulation/explainers/a-guide-to-digital-token-offerings ,最後瀏覽日 06/08/202120. Neal Koblitz, “Elliptic Curve Cryptosystems”, Mathematics of Computation, 48n.177 (1987), Pg. 203-20921. Osawa, Yoshitaka and Kumiko Miyazaki. “An Empirical Analysis of the Valley of Death: Large-Scale R&D Projet Performance in a Japanese Diversified Company.” Asian Jorunal of Technology Innovation 14(2):93–116,201622. PRIMAVERA DE FILIPPI & AARON WRIGHT, BLOCKCHAIN AND THE LAW: THE RULE OF CODE, 22 (2018)23. PwC, 6th ICO/STO Report- A Strategic Perspective,202024. Qin Wang, Rujia Li, Qi Wang, Shiping Chen, Non-Fungible Token (NFT): Overview, Evaluation, Opportunities and Challenges, https://arxiv.org/pdf/2105.07447.pdf, 最後瀏覽日 06/07/202125. S. Vanstone, “Responses to NIST`s Proposal”, Communications of the ACM, 35,July 1992, 50-52 (communicated by John Anderson)26. Scott Fargo, It`s Bitcoin`s Birthday: Whitepaper Released 8 Years Ago Today (Oct. 31, 2016), at https://news.bitcoin.com/bitcoin-birthday-whitepaper/, 最後瀏覽日 1/15/202127. SEC, Regulation Crowdfunding, https://www.sec.gov/smallbusiness/exemptofferings/regcrowdfunding, 最後瀏覽日 06/01/202128. SEC, SEC Adopts Rules to Facilitate Smaller Companies’ Access to Capital, https://www.sec.gov/news/pressrelease/2015-49.html, 最後瀏覽日 06/01/202129. SEC, SEC Filing Detail, https://www.sec.gov/Archives/edgar/data/0001760937/000176093718000001/0001760937-18-000001-index.htm, 最後瀏覽日 06/03/202130. SEC, SEC Harmonizes and Improves “Patchwork” Exempt Offering Framework, https://www.sec.gov/news/press-release/2020-273, 最後瀏覽日 06/01/202131. Tapscott, Don; Tapscott, Alex. The Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World. May 2016.32. U. Bodkhe, S. Tanwar, K. Parekh, P. Khanpara, S. Tyagi, N. Kumar, M. Alazab, Blockchain for industry 4.0: a comprehensive review, IEEE Access 8 (2020) zh_TW dc.identifier.doi (DOI) 10.6814/NCCU202101490 en_US