If the Internet we use today is the Internet of information, blockchain is the Internet of value that can fundamentally disrupt business, economy & society as we know it. The aim of this seminar is to understand the basic principals and game-changing potential of blockchain, smart contracts, tokens, and the cryptoeconomic incentive mechanism behind distributed machine consensus. Furthermore, we will explore potential business models tokenized networks, smart contracts, and decentralized applications, discuss the role of a token and deep dive into the token economy.
About Blockchain
Blockchain, the technology behind Bitcoin, is considered by many to be the driving force of the net generation Internet - the Web3. Blockchain is a game changer that will allow us to distribute trust, creating the basis for a peer-to-peer crypto economy powered by self-enforcing code, and a new token economy building on a fat technology stack, with slim applications on top.

In this course, you will learn the fundamentals of token economics and blockchain networks including consensus mechanisms, smart contracts, tokens, cryptographic signatures, decentralized applications, DAOs (decentralized autonomous organizations). In your group work, you will focus on a token design of a company use-case. In your individual work, you will analyze one existing token.

Following attendance is mandatory:

• attendance in the introductory unit (else you will lose the place in the course)
• attendance of 90%

This is a block seminar, where we will deep dive into the theory of the technology in the first block (day 1&2). On the second day of the first block, we will have a written exam on  the contents of the following Part 1 & Part 2 of following book:

"Token Economy", Shermin Voshmgir, 2019
available at the WU library.

Following videos can be useful as a primer, but will not cover all topics of the book chapters that need to be studied.

https://www.youtube.com/watch?v=JPGNvKy6DTA
https://www.youtube.com/watch?v=4qeCgITsU-M

The content of the exam is dense and diverse. We will use day 1 to answer all your questions on the study material. Your in-class participation that day will also affect your grade. Please note that you will need to dedicate time to study the material before the first class, so you don't fail the exam on day 2. If you fail to attend throughout the whole first 2 days, you will not be able to write the project paper. This theoretical know-how will serve as a basis for your seminar projects.

Please note that you need to attend the first block. Coming too late is not an option. Just partially attending the first two days is not an option either. You will lose your place in class if you fail to come on the first day and attend throughout the first 2 days.

• In-class exam on day 2: (30%) This exam will include questions from reading materials.
• Case Study: (50%)  Combination of group assignment (practical) & individual assignment (theoretical). 
• Ongoing participation: (20%) in-class participation & activity in classroom work.

Falls Sie eine gültige LV-Anmeldung haben, aber an dieser Lehrveranstaltung nicht teilnehmen können, melden Sie sich bitte während des Anmeldezeitraums über LPIS wieder ab, damit Ihr LV-Platz anderen Studierenden zur Verfügung steht.

Die Platzvergabe während der Anmeldefrist verfährt im „first-come, first-served Prinzip“.

Nach Ende der Anmeldefrist werden verfügbare LV-Plätze den Studierenden der Warteliste, die noch keine gültige Anmeldung zum Planpunkt haben, gereiht nach Studienfortschritt (Härtefallprinzip) vom Vizerektorat für Lehre und Studierende zugeteilt, nicht nach Wartelistenplatz.

Studierende, die unentschuldigt nicht zur ersten Einheit erscheinen, verlieren ihren Platz in der LV. Dieser wird an Studierende der Warteliste, die zur ersten Einheit kommen, nach Wartelistenreihenfolge vergeben.

You need to attend the first block.

Coming to late on the first day is not an option!

Just partially attending the first two days is not an option either.

You will lose your place in class if you fail to come on the first day and attend throughout the whole first 2 days.