Introduction to Economics of Blockchain

Abstract:

Blockchain-based systems, with the crypto-currency Bitcoin as a primary example, have disrupted the way of thinking distributed systems: This mechanism allows for securely diffusing information across a network, without necessitating trustees, or central authorities to enforce consensus.

Much is spoken about the trading markets around cryptocurrencies and other tokenised assets (the most evident applications so far in this realm). However, little is discussed about different technical, economic and social aspects that enable the functioning of the blockchain-based systems.

This course is first intended to give a non-technical overview of blockchain-based systems; then to overviewing of the incentive schemes embedded at different levels that ultimately determine their long-term functioning of these systems; and finally, to digging into real-world use-cases of this technology, critically analysing the suitability of their implementation within each context.

Instructor:
Prof. Dr. Claudio J. Tessone

Type:
Seminar, Block course

Target Audience:
Bachelor students assigned to “Wahlpflichtbereich" BWL 4

Frequency:
Each spring semester

APS (ECTS):
3

Content:
Topics that are included in this seminar (but are not limited to): incentive schemes placed in the concept, design, governance and functioning of blockchain-based systems. Use-cases of blockchain-based systems. Technologies related to blockchains. Analysis of actors’ behaviour: users and verifiers within all blockchain-based systems, traders the case of cryptocurrencies and other tokens.

At the end of the Seminar, the students will: (1) get acquainted with the state of the art of these technologies and related concepts. (2) non-technical understanding of the functioning of blockchain-based systems emphasising the economic and systems’ design perspectives. (3) be able to critically analyse new technologies and development in this area.

Language:
English

Prerequisites:
Elements of Game Theory

Required reading:
-

Grading:
The students must investigate specific topics (pre-arranged with the instructors) related to blockchain-based systems. They will then present their results, and actively participate in the presentations of others.

The presentations will take place in a three-day conference co-organised with IMRG (dates below). The exhaustive list of topics is the following:

 

Dates and Location:

For Spring 2019, please refer toVorlesungsverzeichnis

  • 21.02.18 17:30 - 19:00, BIN 2.A.10. Introduction and preliminary discussion (compulsory participation); topic assignment
  • By 01.03.18: Literature research and supervisor assignment
  • 07.03.18 17:30 - 19:00, BIN 2.A.10. Introduction to scientific writing (voluntary)
  • 21.03.18 17:30 - 19:00, BIN 2.A.10 - Introduction to reviewing (compulsory)
  • 06.04.18 17:00 - Submission First version of the final work (electronically)
    16.04.18, 17:00 -  Submission of the reviews (electronic)
    08.05.18,17:00 - Submission of the final version of the seminar's paper (electronic)
  • The evaluation will take place in a three day conference co-organised with the Information Management's Professor, instructors and students:
    • Do. 17.05.18: 16:00 – 19:15
    • Fr. 18.05.18: 12:30 – 18:00 (after which, social event)
    • Sa. 19.05.18: 09:00 – 17:00
  • Evaluations of the students of the Introduction to Economics of Blockchain will take place during Friday 11.05 and Saturday 12.05 sessions. All the presentations will revolve around blockchain systems.

 

Further information:

Network Science

Market Research (founder of the URPP Social Networks)

This Seminar is coordinated with Prof. Schwabe and the IMRG group (IFI) and its Information Management Seminar.

 

Registration:
To apply for the seminar, please, send Prof. Dr. Claudio J. Tessone a short application E-mail. First come first served. If you receive our positive confirmation by February 5th at the latest, THEN you are asked and allowed to officially book this seminar using the “Modulbuchungstool”. Booking the seminar without a positive confirmation from our Chair is not implying the right to attend the course. In this case the course will be graded as failed.

Note:
This information in the syllabus supports the official information in the electronic university calendar (VVZ – “Vorlesungsverzeichnis”). In cases of doubt, the official information at the VVZ is valid.