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PhD Programme
ITU  /  Research  /  PhD Programme  /  Courses  /  Archive  /  2022  /  January  /  PhD Course - International Blockchain School - Winter Edition
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    PhD Course - International Blockchain School - Winter Edition

    January 24 – January 28

    Organizer: 
    • Prof. Dr. Roman Beck (ITU)

    Lecturers: 

    • Roman Beck (ITU)
    • Peter Sestoft (ITU)
    • Michel Avital (CBS)
    • Alexandra Andhov (KU)
    • Fritz Henglein (KU)
    • Boris Düdder (KU)
    • Stefan Voigt (KU)
    • Qin Xin (University of the Faroe Islands)

    Dates of the course: 

    • January 24th – January 28th, 2022

    Location:

    • IT-university in Copenhagen: Scroll Bar, Auditorium 0, Auditorium 4

    Course description:

    In 2017, the Peoples Bank of China stated that “the future of money is crypto”, and we aim to shed light on that future in our Blockchain Winter School together in this cross-disciplinary event. Increasingly, startups in the Fintech, TechFin and DeFi sector focus on DLT-based innovations to provide new financial services to private or corporate clients. Those innovations primarily promise better and more affordable solutions while guaranteeing transparency, high execution quality, and auditability. New payment services for international money transfer, better access to capital markets for SMEs, programmable solutions to settle transactions autonomously, intelligent wallets that act on behave of their owners, decentralized exchanges that allow nearly instant trading, new types of on- ledger data analytics, smarter integration of seamless taxation, new shared ownership models of digital or digitized assets, quantum computing secure DeFi solutions are just some examples where DLT systems in combination with a tokenization of the economy are not just changing existing financial business models, but the financial market itself. The aim of this Winter School is to develop innovative ideas on Sustainable Decentralized Finance. Sustainable DeFi does not only generate better and more sophisticated financial services in networked business models, but is doing so in an eco-friendly, and durable way. The longevity of distributed business models is dependent on ecologic and ecology sustainability. Together with our partnering organizations, we will develop use cases and challenges that will be the base for the hackathon and makeathons, where students in close cooperation with the case-giving organizations will create suggestions for sustainable decentralized finance solutions.

    For this edition of the Blockchain School, we will establish three different tracks for the case work:

    1. Explorer Track: In this track, technical issues in existing Blockchain / DLT systems are discussed and potential solutions are developed. This is a makeathon, where not necessarily code is written, but where potential solutions are developed conceptually.
    2. Exploiter Track: In this track, we will offer the opportunity for students with prior experience around blockchain prototyping to work with organisations which have already prototypes developed. The intention is to further improve demonstrators, or design them anew, to meet the more advanced requirements and level of know-how among participating students as well as organisations.
    3. Tech Track: students will work together with case organisations from industry and public sector on developing blockchain prototypes in a 24 hours hackathon.

    All students will be encouraged to further improve their work in form of academic papers. We will work on special issues and fast track options in leading journals to allow teams who would like to publish their results in academic outlets can submit their work.

    Preparation and Literature:

    Reading material

    • Andersen, J. V., & Bogusz, C. I. (2019). Self-Organizing in Blockchain Infrastructures: Generativity Through Shifting Objectives and Forking. Journal of the Association for Information Systems, 20(9), 11.
    • Antonopoulos, A. M.; & Wood G. (2018). Mastering Ethereum: Building Smart Contracts and DApps, O'Reilly Media.
    • Bano S., A. Sonnino, M. Al-Bassam, S. Azouvi, P. McCorry, S. Meiklejohn, G. Danezis (2017) Consensus in the age of blockchains. Working Paper, University College London and The Alan Turing Institute, London.
    • Beck R., C. Müller-Bloch, J.L. King (2018) Governance in the blockchain economy: A framework and research agenda. J. Assoc. Inform. Syst. Forthcoming.
    • Biais, B., Bisiere, C., Bouvard, M., & Casamatta, C. (2019). The blockchain folk theorem. The Review of Financial Studies, 32(5), 1662-1715.
    • Böhme R., N. Christin, B. Edelman, T. Moore (2015) Bitcoin: Economics, technology, and governance. J. Econ. Perspect. 29(2):213-238.
    • Bonneau J. (2018) Hostile blockchain takeovers. Proc. 5th Workshop Bitcoin Blockchain Res. (Bitcoin’18), Curaçao.
    • Buterin, V. (2014). Ethereum White Paper. Retrieved May 25, 2017, from http://www.the-blockchain.com/docs/Ethereum_white_paper-a_next_generation_smart_contract_and_decentralized_application_platform-vitalik-buterin.pdf
    • Catalini C., J.S. Gans (2016) Some simple economics of the blockchain. Working paper, National Bureau of Economic Research, Cambridge: MA.
    • Chanson, Mathieu; Bogner, Andreas; Bilgeri, Dominik; Fleisch, Elgar; and Wortmann, Felix (2019) "Blockchain for the IoT: Privacy-Preserving Protection of Sensor Data," Journal of the Association for Information Systems, 20(9), 10.
    • Chiu, J., & Koeppl, T. V. (2019). Blockchain-based settlement for asset trading. The Review of Financial Studies, 32(5), 1716-1753.
    • Chong, Alain Yee Loong; Lim, Eric T. K.; Hua, Xiuping; Zheng, Shuning; and Tan, Chee-Wee (2019) "Business on Chain: A Comparative Case Study of Five Blockchain-Inspired Business Models," Journal of the Association for Information Systems, 20(9), 9.
    • Cong, L. W., & He, Z. (2019). Blockchain disruption and smart contracts. The Review of Financial Studies, 32(5), 1754-1797.
    • Cong L.W., Z. He, J. Li (2017) Decentralized mining in centralized pools. Working paper, University of Chicago, Chicago: IL.
    • Constantinides P., O. Henfridsson, G.G. Parker (2018) Introduction: Platforms and infrastructures in the digital age. Inform. Syst. Res. 29(2):381-400.
    • Davidson S., P. De Filippi, J. Potts (2018) Blockchains and the economic institutions of capitalism. J. Institu. Econom., ePub ahead of print January 18.
    • Du, W. D., Pan, S. L., Leidner, D. E., & Ying, W. (2019). Affordances, experimentation and actualization of FinTech: A blockchain implementation study. The Journal of Strategic Information Systems, 28(1), 50-65.
    • DuPont Q .(2018) Experiments in algorithmic governance: A history and ethnography of ‘The DAO,’ a failed decentralized autonomous organization. M. Campbell-Verduyn, ed. Bitcoin and Beyond: Cryptocurrencies, Blockchains, and Global Governance, Routledge, Abingdon, UK, 157-177.
    • Foley, S., Karlsen, J. R., & Putniņš, T. J. (2019). Sex, drugs, and bitcoin: How much illegal activity is financed through cryptocurrencies?. The Review of Financial Studies, 32(5), 1798-1853.
    • Gandal, N., and Halaburda, H. 2016. “Can we predict the winner in a market with network effects? Competition in cryptocurrency market,” Games (7:3), pp. 1-21.
    • Gregor, S., & Jones, D. (2007). The anatomy of a design theory. Journal of the Association for Information systems, 8(5).
    • Li X., C.A. Wang (2017) The technology and economic determinants of cryptocurrency exchange rates: The case of Bitcoin. Decision Support Syst. 95:49-60.
    • Mai F., Z. Shan, Q. Bai, X. Wang, R.H. Chiang (2018) How does social media impact Bitcoin value? A test of the silent majority hypothesis. J. Management Inform. Syst. 35(1):19-52.
    • Miscione, G., Goerke, T., Klein, S., Schwabe, G., & Ziolkowski, R. (2019). Hanseatic Governance: Understanding Blockchain as Organizational Technology. ICIS 2019 Proceedings.
    • Nakamoto S. (2008) Bitcoin: A Peer-to-Peer Electronic Cash System. White paper, available at https://bitcoin.org/bitcoin.pdf.
    • Nærland, K., Müller-Bloch, C., Beck, R., & Palmund, S. (2017). Blockchain to Rule the Waves – Nascent Design Principles for Reducing Risk and Uncertainty in Decentralized Environments. 38th International Conference on Information Systems (ICIS 2017). Seoul, South Korea.
    • Notheisen, B., Cholewa, J. B., & Shanmugam, A. P. (2017). Trading Real-World Assets on Blockchain. Business & Information Systems Engineering, 59(6), 425-440.
    • Risius M., K. Spohrer (2017) A blockchain research framework. Bus. Inform. Syst. Engrg. 59(6):385–409.
    • Rossi, M., Mueller-Bloch, C., Thatcher, J. B., & Beck, R. (2019). Blockchain Research in Information Systems: Current Trends and an Inclusive Future Research Agenda. Journal of the Association for Information Systems, 20(9), 14.
    • Saleh F. (2018) Blockchain without waste: Proof-of-stake. Working paper, New York University, New York.
    • Yin, H. H. Y., Langenheldt, K., Harlev, M., Mukkamala, R. R., & Vatrapu, R. (2019). Regulating cryptocurrencies: a supervised machine learning approach to de-anonymizing the bitcoin blockchain. Journal of Management Information Systems, 36(1), 37-73.

    Programme:

    Programme

    Day 1

    Monday, January 24th - Opening Intro Lectures

    08:00-09:00

    Registration and light breakfast

    09:00-09:15

    Introduction to the summer school (ITU, CBS, KU)

    09:15-10:15

    Presentation

    10:15-10:30

    Coffee break

    10:30-11:30

    Presentation

    11:30-12:30

    Presentation

    12:30-13:30

    Lunch break

    13:30-15:00

    Presentation

    15:00-15:30

    Coffee break

    15:30-17:30

    Presentation

    18:00-21:00

    Social Event (Reception and Dinner)

    21.00

    End of Day 1

     

    Day 2

    Tuesday, January 25th - Joined Lectures

    08:00-09:00

    Light breakfast

    09:00-10:15

    Blockchain Economics and Market Engineering by Roman Beck (ITU)

    10:15-10:30

    Coffee break

    10:30-12:30

    Track 1 use cases presentation and discussion

    12:30-13:30

    Lunch break

    13:30-14:30

    Presentation

    14:30-16:30

    Track 2 use cases presentation and discussion

    16:30-17:00

    Coffee break

    17:00-17:30

    Track 3 use cases presentation and discussion

    17:30-18:00

    Group splits up into the three tracks. The mentors from the universities as well as the coaches from the participating organizations go into more details and discuss the tasks with the teams that are formed to work together.

    18:00-19:00

    Get together (Sponsor Reception and Drinks)

    19.00

    End of Day 2

     

    Day 3

     

    Wednesday, January 26th - Makathons

    08:00-09:00

    Light breakfast

    09:00-10:15

    Tracks 1 and 2 in parallel sessions

    10:15-10:30

    Coffee break

    10:30-12:30

    Tracks 1 and 2 in parallel sessions

    12:30-13:30

    Lunch break

    13:30-23:00

    Tracks 1 and 2 in parallel sessions

    23.00

    End of Day 3

     

    Day 4

    Thursday, January 27th – Makathons and Hackathon

    08:00-09:00

    Light breakfast

    09:00-10:15

    Tracks 1 to 3 in parallel sessions

    10:15-10:30

    Coffee break, Track 3

    10:30-12:30

    Tracks 1 to 3 in parallel sessions

    12:30-13:30

    Lunch break, Track 3

    13:30-17:00

    Tracks 1 to 3 in parallel sessions

    17:00-24:00

    Track 3

     

    Day 5

    Friday, January 28th - Student Presentations, Awards and Nordic Blockchain Summit

    00:00 -08:00

    Track 3

    08:00-09:00

    Light breakfast, Track 3

    09:00 -09:30

    The teams complete their development and work on the demonstrator / presentation

    09:30-11:30

    Presentation of the results to the industrial and academic coaches

    11:30-12:30

    Lunch break and end of BWS2022

    13:00 -13:10

    5th Nordic Blockchain Summit - Welcome and opening remarks

    13:10-13:40

    Keynote 1

    13:40-14:10

    Keynote 2

    14:10-14:40

    Keynote 3

    14:40-15:00

    Presentation

    15:00-15:30

    Coffee break

    15:30-16:00

    Panel debate

    16:00-16:50

    Presentation of best group results from the 5th Blockchain School and audience voting

    16:50-17:00

    Award ceremony for the best Blockchain Winter School ideas and winners and closing remarks by Roman Beck

    17:00-19:00

    Reception and Social Gathering

     

    Prerequisites:

    Students interested in taking part in the Winter School must be enrolled as PhD or master students in a computer science, information systems, engineering or other cognate programs at an university. At least introductory programming experience is a requirement in track 1. Advanced experience is needed in track 2, while in track 3 a degree and research in computer science and blockchain is required.

    Student applicants must submit a one page CV as well as a one page motivation letter describing what their blockchain interest consists of within a single PDF file in their application.

    As part of the admission process, the organizers will assess the quality of the submitted application material before finally choosing the participants. Admitted Winter School participants must make themselves familiar with the teaching material made available to them before the Winter School starts.

    Admitted students enrolled at a Danish university are free of charge. The course fee for international PhD students is 2,500 DKK, which will be invoiced after the admission and need to be paid until January 14th.

     

    Exam:

     

    Participants will present their blockchain solutions at the end of the Winter School and defend these. In addition, they will produce 15 pages of report after the Winter School and/or write a paper that is to be submitted to an academic outlet, such as conference or journal, coached by the PhD Winter School organisers. The presentation, report as well as the working paper are mandatory deliverables and after they have been assessed at a satisfactory level, the ECTS points will be granted, and a certificate issued.

     

    Credits: 

    The course is eligible for 6 ECTS.

    Amount of hours the student is expected to use on the course:

    Participation: 56 hours (4 days 8 hour each and 24h hackathon on Thursday/Friday)
    Preparation: 36 hours (proposal writing, self-study and preparation of mandatory material)
    Post-processing: 60 hours (finalizing the 15 pages report on the developed blockchain solution and writing a paper)

    Participants: 

    We expect 50 to 80 PhD students from national and international universities.

    How to sign up:

    Interested participants can sign up here: https://blockchainschool.eu/how-to-apply/.

    Required information are first name, last name, e-mail address, mailing address, university, and background



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