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This paper examines different business models of companies dealing with (earmarked) remittances and sheds light on the associated challenges of the industry, specifically, remittances for health, based on the model of the fintech startup GloryHealthCare. The work "Business Model Generation" by Osterwalder and Pigneur (2010) is used as a method for the analysis, as this is often used as a basis for the business models of startups. The study focuses regionally on Europe and Africa, as Germany and Ghana are the start-up's first target markets. Among other things, the industry's processes, pricing, and existing competition are examined. The SWOT analysis methodology clarifies the individual companies' opportunities and risks and makes a competitive position visible. Meanwhile, network effects of the diverse business models are made visible based on the paper "Digital Economy and Network Effects" by Frank Linde (2020). Network effects play a crucial role in the reach, influence, and competitiveness of existing and new businesses in the remittance industry. The study also emphasizes the importance of knowledge and networks, which are more important than financial resources. The previous aspects considered a basis for developing a new concept as an alternative to the Business Model Canvas: the iBusiness Model. The results of this study provide insights into the design of efficient business models and support companies in the remittance industry in developing strategies to overcome challenges and take advantage of opportunities.
Non-fungible tokens (NFTs) have become a popular topic in the art world in recent years, with many museums and other cultural institutions exploring ways to incorporate them into their operations. The technology has the potential to revolutionize how museums conduct their internal business, how they collect, display, and preserve digital art, as well as how they enable engagement and an immersive experience for visitors. The research question of this paper thus addresses the significance of NFTs in the evolution of museum practices.
Using a qualitative research approach, eleven museum experts were interviewed in semi-structured interviews about the evolution, the impact and the viability of NFTs. The results of the content analysis were then summarized, interpreted, and discussed in relation to the theoretical framework, and were subsequently converted into general conclusions for the museum sector. The process resulted in relevant information about the opportunities, challenges, and strategy of museums for implementing NFTs in museum practices.