@article{ART003104526},
author={Sangyub Han and Hokyoung Ryu},
title={A study on the application of legal design methodology for commercialization of security tokens},
journal={Journal of The Korea Society of Computer and Information},
issn={1598-849X},
year={2024},
volume={29},
number={7},
pages={117-128},
doi={10.9708/jksci.2024.29.07.117}
TY - JOUR
AU - Sangyub Han
AU - Hokyoung Ryu
TI - A study on the application of legal design methodology for commercialization of security tokens
JO - Journal of The Korea Society of Computer and Information
PY - 2024
VL - 29
IS - 7
PB - The Korean Society Of Computer And Information
SP - 117
EP - 128
SN - 1598-849X
AB - In this paper, we propose a process for deriving priority tasks using the legal design technique in a situation where there is high uncertainty in the market and legal system regarding the commercialization of security tokens based on blockchain and distributed ledger technology. To issue and distribute securities tokens, we conducted a legal design workshop with participants who applied for innovative financial services (financial regulatory sandbox). During the workshop, participants harmonized their interests and deliberated on readiness, considering both legal and technical factors. The aim was to ascertain the feasibility of identifying prioritized objectives for future endeavors. The legal design technique facilitates consensus-building among stakeholders in an uncertain environment by confirming and adjusting differing perspectives and disagreements based on mutual understanding. The key stages include the empathetic process called “Family Therapy,” the “N whys” for problem definition, and the speculative scenario design for problem-solving. This approach distinguishes itself from user-centered design thinking. Given the diverse stakeholders involved, effective facilitation by the facilitator is crucial during the legal design workshop preparation and execution.
KW - Security Token;Blockchain;Distributed Ledger;Legal Design Methodology;Innovative Financial Services
DO - 10.9708/jksci.2024.29.07.117
ER -
Sangyub Han and Hokyoung Ryu. (2024). A study on the application of legal design methodology for commercialization of security tokens. Journal of The Korea Society of Computer and Information, 29(7), 117-128.
Sangyub Han and Hokyoung Ryu. 2024, "A study on the application of legal design methodology for commercialization of security tokens", Journal of The Korea Society of Computer and Information, vol.29, no.7 pp.117-128. Available from: doi:10.9708/jksci.2024.29.07.117
Sangyub Han, Hokyoung Ryu "A study on the application of legal design methodology for commercialization of security tokens" Journal of The Korea Society of Computer and Information 29.7 pp.117-128 (2024) : 117.
Sangyub Han, Hokyoung Ryu. A study on the application of legal design methodology for commercialization of security tokens. 2024; 29(7), 117-128. Available from: doi:10.9708/jksci.2024.29.07.117
Sangyub Han and Hokyoung Ryu. "A study on the application of legal design methodology for commercialization of security tokens" Journal of The Korea Society of Computer and Information 29, no.7 (2024) : 117-128.doi: 10.9708/jksci.2024.29.07.117
Sangyub Han; Hokyoung Ryu. A study on the application of legal design methodology for commercialization of security tokens. Journal of The Korea Society of Computer and Information, 29(7), 117-128. doi: 10.9708/jksci.2024.29.07.117
Sangyub Han; Hokyoung Ryu. A study on the application of legal design methodology for commercialization of security tokens. Journal of The Korea Society of Computer and Information. 2024; 29(7) 117-128. doi: 10.9708/jksci.2024.29.07.117
Sangyub Han, Hokyoung Ryu. A study on the application of legal design methodology for commercialization of security tokens. 2024; 29(7), 117-128. Available from: doi:10.9708/jksci.2024.29.07.117
Sangyub Han and Hokyoung Ryu. "A study on the application of legal design methodology for commercialization of security tokens" Journal of The Korea Society of Computer and Information 29, no.7 (2024) : 117-128.doi: 10.9708/jksci.2024.29.07.117
