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Blockchain is a novel database technology that may fundamentally change our societies. It might prompt a reduction of risk and uncertainty in economic exchange, making institutions such as central banks and established online platforms increasingly redundant. Researchers at ITU study blockchain from a wide array of angles, such as management science, information systems and computer science, looking into how blockchain technology might affect societies and economies.
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In Indonesia, the majority of the population do not have bank accounts or credit cards. The use of digital payment methods, however, is rapidly increasing. In her PhD project, Sunniva Sandbukt investigates how a digital economy and blockchain-based currencies could come to benefit ordinary citizens.
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Students Julien Protain and Samy Tessier have founded Clockwork Trader – a platform that will give Danes easier and cheaper access to buying cryptocurrencies like bitcoin and Ethereum. The company has received an investment of DKK 225,000 kroner from ITU Business Development and Syddansk Innovation and is planning to launch later this year.
BlockchainBusiness IT DepartmentResearchsocial mediaRaffaele Ciriello
New blockchain-based social media are gaining ground and challenging established platforms, such as Facebook, for example by paying their users in crypto currency for producing, sharing and liking content. These new media have the potential to give back control to the users, but according to Raffaele Ciriello, who is doing research on the topic, they also raise new ethical and legal issues.
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Roman Beck, Professor at the IT University of Copenhagen and head of the European Blockchain Center, talks to Thore Husfeldt about the possibilities of blockchain technology.
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Inspections by the Danish Food Administration have revealed that a large share of the extra virgin olive oil for sale in Danish supermarkets actually contain an inferior product. In his thesis project from ITU, Kristoffer Just investigated whether blockchain technology can make the supply chain more transparent - for the benefit of consumers and retailers alike.
BlockchainBusiness IT DepartmentResearchRoman Beck
ITU Professor Roman Beck, who leads the newly founded European Blockchain Center, has secured a small grant of 88.000 Danish kroner from the Ministry of Foreign Affairs of Denmark.
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Blockchain technologies will revolutionize IT systems worldwide. However the revolution comes with both opportunities and challenges in a broad range of areas. At the IT University of Copenhagen, professor Roman Beck has now established European Blockchain Center, which will ensure that Denmark is at the forefront of the field.
The financial sector needs skilled workers that can help the industry to keep up with rapidly developing technologies. On 17 November, companies from the financial sector met with ITU students for Finance IT Day 2015.
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